Arlington, VA (November 10, 2022) — National Cooperative Bank (NCB), a leading financial institution dedicated to providing banking solutions to cooperatives, their members, and socially responsible organizations nationwide and a member of the Global Alliance for Banking on Values, is proud to celebrate Banking on Values Day.
For Banking on Values Day 2022 the theme “Real impact behind the big words” focuses on how values-based banks remain authentic and true to their values and achieve real impact. The Global Alliance for Banking on Values (GABV) and its members are committed to eight values that describe our movement.
Intentional
Values-based banks are intentional in creating social and environmental impact. It’s why they exist, and this intentionality guides everything they do.
Coherent
Values-based banks take a holistic and coherent approach to the design of their business model, being aware about potential conflicts and challenges.
Contextual
The values are reflected, intentionally and appropriately, to bring positive social and environmental impact in a specific context.
Transparent
Values-based banks are accountable at all levels of the business model. Transparency enables outsiders to easily understand how a bank is behaving.
Systemic
Values-based banks work with others to change the banking system itself so it is better able to serve people and protect the environment.
Authentic
Values-based banks are genuinely authentic by being intentional in what they do and integrating values in their business.
Inclusive
Values-based banks aim to build an inclusive financial system that responds to the needs of everyone, and not just a few.
Ambitious
Values-based banks aspire to the highest standards and want to be recognized as thought leaders at the forefront of progressive banking.
For over 43 years, National Cooperative Bank has been committed to the cooperative sector and working with socially responsible organizations nationwide. NCB has a strong focus on serving low- and moderate-income communities nationwide and providing capital for co-op and community development initiatives. In 2021, NCB made loans and investments of $456 million to benefit low-and moderate-income communities and families.
NCB is also committed to the advancement of renewable energy. Since 2008, NCB has focused on financing projects with creditworthy off-takers, such as utilities, municipalities, and established commercial businesses. Having financed $690 million in solar projects, NCB is dedicated to funding innovative programs dedicated to solar energy installation nationwide.
The GABV’s member banks have a shared commitment to find local solutions to global problems – and to promote a positive, viable alternative to the current financial system. These organizations believe that we must improve the quality of life for everyone on the planet, recognizing that we are economically interdependent and responsible to current and future generations.
About National Cooperative Bank:
National Cooperative Bank is dedicated to strengthening communities nationwide through the delivery of banking and financial services, complemented by a special focus on cooperative expansion and economic development. NCB provides financial products and services for the nation’s cooperatives, their members, and socially responsible organizations. Headquartered in Washington, DC, the Bank has offices in Alaska, California, New York, Ohio and Virginia. To learn more, visit www.ncb.coop, National Cooperative Bank on Facebook and Instagram, or on Twitter @natlcoopbank.
About the GABV:
The Global Alliance for Banking on Values (GABV) is a network of independent banks using finance to deliver sustainable economic, social and environmental development. The GABV comprises 70+ financial institutions operating in 40 countries across Asia, Africa, Australia, Latin America, North America and Europe. Collectively they serve more than 60 million customers and hold over $210 billion of combined assets under management. Learn more at gabv.org
