NCB — A Unique Partner for Credit Unions
National Cooperative Bank, N.A. (NCB) is a federally chartered thrift and a wholly owned subsidiary of National Consumer Cooperative Bank, a US government-chartered, member-owned cooperative corporation. Acquired in 1988, NCB has grown from a $9 million community savings bank into a national cooperative financial services company with more than $1.6 billion in assets.
NCB enables cooperative endeavors to grow and succeed. These enterprises are large and small. They serve rural and urban communities. They affect our lives everyday. NCB helps them by crafting financial solutions and delivering banking services tailored to their individual needs.
Our Credit Union Impact
Credit unions and NCB have had a mutually beneficial relationship since our inception. Credit unions have long been represented on NCB’s Board of Directors, and the bank has provided traditional capital to leagues and CUSOs. In addition, NCB has helped craft some unique interim funding programs to support CU’s product expansion efforts, and we’ve benefitted from CUSO services to round out our own banking platform. In the early days of CU small business lending, NCB helped design a small business lending platform that could be replicated across the country. We’re also a strong supporter of the Federation of Community Development Credit Unions through both lending and deposit initiatives.
Our Cooperative Heritage
Cooperatives are based on the values of self-help, self-responsibility, democracy and member-equity. In the tradition of our founders, cooperatives believe in conducting business in a responsible, ethical, and honest manner with the foremost commitment to improve the quality of life in the communities we serve.
Learn more about NCB at ncb.coop.