About National Cooperative Bank
Business Cooperatives
Housing Cooperatives
•NCB delivers banking and financial services
complemented by a special focus on cooperative
expansion and economic development
• Organized under the National Consumer Cooperative
Bank Act in 1978; privatized in 1981 as a cooperative
financial services company
•National platform with niche approach to cooperative
markets including housing, credit unions, commercial
ventures and socially responsible enterprises
Socially Responsible
Organizations
•Today owned by 2,600 cooperative customers,
participating in NCB’s success
•Total assets of $1.6 billion; when combined with assets
managed for investors, total assets under management of
$7.5 billion
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Corporate Structure
NCCB
NCB Capital
Impact
NCB, FSB (NCB)
National Consumer Cooperative Bank is the Congressionally chartered ,
cooperatively owned parent and holding company for subsidiaries
NCB, FSB (NCB) is the federally chartered savings bank (Member FDIC) which
offers the bank’s deposit and lending services
Strategic alliance with NCB Capital Impact, a 501(c)3 created under the same
Act of Congress
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Commercial Cooperatives
Business Cooperatives
• Primary commercial sectors: Grocery,
hardware and other retailer-owned, wholesale
purchasing co-ops
• NCB has assisted a variety of business co-ops
and their members with capital needs –
renovation, expansion, acquisition and working
capital
• To date, NCB has provided more than $1 billion
to business co-ops including retailer-owned
grocery co-ops and consumer-owned natural
food co-ops
Commercial Cooperatives
Alaska Native and Tribal Organizations
•NCB provides full service banking to Alaska
Native and Native American Businesses
•Since 1984, NCB has provided over $500
million to Alaska and Native American
Enterprises
•NCB pioneered the use of Bureau of Indian
Affairs funding ( BIA) for Alaska Native
Enterprises
Housing Cooperatives
Cooperative Housing
•Co-ops come in all shapes and sizes, and are located
in urban areas across the country with the majority
in New York City, providing homes for families of all
income levels
•NCB has been at the forefront of ensuring housing
co-ops have access to mainstream capital sources
•NCB provides financing for unit owners purchasing a
cooperative apartment loan “share loans”
•In the early 1980’s, NCB pioneered the first sale of
co-op building loans to Freddie Mac, and in the
1990’s the first sale of a pool of co-op unit loans
(“share” loans) to Fannie Mae
•NCB has helped low-income residents purchase
their rental units from slum landlords using the
limited-equity cooperative housing model
Socially Responsible Organizations
Co-op and Community Development
• NCB ensures that at least 35% of the capital it
deploys is serving low to moderate income
communities
•In 2012, NCB provided $232 million in loans,
investments and grants to serve low to
moderate income communities across the
United States
•Areas of focus include affordable housing,
healthcare, education, small business, and
sustainable enterprises
NCB & Credit Unions
Given our shared cooperative roots, credit unions and NCB have
had a mutually beneficial relationship since NCB’s inception
• Credit union community represented on NCB’s board and
its member-shareholders
• Approximately 650 credit unions are depositors at NCB
• Provide correspondent banking services to 97 credit
unions
• Developed unique loan programs and secondary market
opportunities
• Collaborative deposit initiative with the National Credit
Union Foundation through Community Investment Fund
• Participant in National Federation of Community
Development Credit Unions nominee deposit program
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The Joke
Franklin D. Roosevelt
NCB & Credit Unions
Cooperative Roots
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Products & Services
• Correspondent banking services
• No capital requirements
• Depository products
• CDs, Demand, Money Market
• Custom products
• Secondary market opportunities
• Investment opportunities
• Loan programs & participations
• Asset sales (single family, TIC, solar, commercial)
• Socially responsible
Current Collaboration
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Loan Sales and Participations
Wholesale Funding
New Product Development
Credit Union Leagues & Corporates
CUSOs & CU Affiliates
Foundations & Federations
No Collaboration… Yet
Investing where no one has invested before…
Untapped Opportunities
• Community development loan programs
• Business/commercial lending partner
• SBA preferred lender
• New opportunities
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Doing Good By Doing Well
• Training via webinar and partnerships
• National Federation of Community Development
Credit Unions impact nominee deposit program
• Collaborative deposit initiative with the NCUF
through Community Investment Fund
CIFwithNCB.coop
“Promote and improve consumers’ financial
independence through credit unions.”
– Financial literacy
– Wealth building
– Cooperative development
– Disaster relief
Social Impact Deposits
CIFwithNCB.coop Donation Deposit Program
Piloted in 2010, the Credit Union Foundation of Maryland & DC expanded the
“Millionaire’s Club” concept into four Maryland high schools in 2012 with the
help of a NCUF Financial Education grant. The Millionaire’s Club is a high school
level after-school financial literacy initiative.
I am of the opinion that
my life belongs to the
whole community and as
long as I live, it is my
privilege to do for it
whatever I can. I want to
be thoroughly used up
when I die, for the harder I
work the more I live.
- George Bernard Shaw