National Cooperative Bank (now NCB) is a cooperative

Cooperative

A cooperative is a business organization owned and operated by a group of individuals for their mutual benefit...

 financial institution

Financial institution

In financial economics, a financial institution is an institution that provides financial services for its clients or members. Probably the most important financial service provided by financial institutions is acting as financial intermediaries...

 chartered by the United States Congress

United States Congress

The United States Congress is the bicameral legislature of the federal government of the United States, consisting of the Senate and the House of Representatives. The Congress meets in the United States Capitol in Washington, D.C....

in 1978, primarily to serve the financial needs of cooperatives. It was privatized in 1981, but maintains its cooperative character with over 2,600 member-owners.

NCB 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.

Primary markets include the basic ingredients of vibrant communities: housing, education, health care, cultural centers, local businesses and social services. In addition, NCB has a growing community banking network in southwestern Ohio.

NCB Capital Impact

NCB Capital Impact, formerly known as NCB Development Corporation, is a strategic partner of NCB. NCB Capital Impact is a CDFI that provides financial services and technical assistance to U.S. organizations serving primarily low- to moderate-income communities. Areas of focus include affordable cooperative housing, health care, assisted living/long-term care, and charter schools.

External links

• NCB website
• NCB Capital Impact website