NCB’s Real Estate Line of Business originated $1.17 billion in financing for housing cooperatives, community associations, and other commercial real estate projects across the country.
NCB’s retail team originated $274 million for 914 individual unit owners across the country.
NCB’s Commercial Lines of Business originated $203 million to co-op organizations and small businesses nationwide.
“NCB had another strong year in loan volume across all of our segments”, stated Casey Fannon, Acting CEO and President of National Cooperative Bank. “In this low-interest-rate environment, NCB was able to deliver great loan rates and creative structures that drove our high level of production. In addition, we continued to serve our customers with PPP loans to help support their business during uncertain times.”
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.