About Us

The National Consumer Cooperative Bank ("NCB") is a financial institution organized in 1978 under the National Consumer Cooperative Bank Act (“the Act”).  Since March, 1980, NCB, both directly and indirectly through its depository subsidiary National Cooperative Bank, N.A. has been providing a broad range of financial services to eligible cooperative enterprises or enterprises controlled by such eligible cooperatives. In 1981, Congress amended the Act, privatizing NCB and converting the Class A Preferred Stock of NCB, held by the United States Treasury Department, to subordinated Class A Notes as of December 31, 1981 . Since that date, NCB has been structured as a cooperative institution whose voting stock can only be owned by eligible cooperative enterprises or enterprises controlled by such eligible cooperatives.

 

NCB also makes loans to entities and individuals other than eligible cooperatives.  In addition to cooperative blanket mortgages, NCB’s core lines of business include share loans, commercial real estate mortgages, local consumer and retail lending and lending to homeowner associations. National Cooperative Bank, N.A., previously known as NCB, FSB is a federally chartered national bank that operates a community banking network in Southwestern Ohio and provides mortgage banking services as well as deposit products and cash management to NCB’s national customer base.

 

It also performs and maintains the Master and Primary Servicer ratings, from the respective rating agencies.  It maintains the highest servicer ratings and servicer rankings from Fitch Ratings and Standard & Poors.