NCB is not your typical financial institution. We have an uncommon mandate to ensure our efforts benefit those most in need. We have provided more than $5 billion in capital to support underserved communities and cooperative expansion initiatives. Our impact is all thanks to your investment in NCB.
In 2013, NCB committed and deployed $379 million to initiatives serving low and moderate income communities in the following impact sectors:
Housing- $258.7 million for housing cooperatives, mortgages and share loans and affordable housing initiatives nationwide.
Health Care- $14.5 million to preserve and expand affordable healthcare and behavioral care for low-income families through community-based health centers.
Small Business- $8 million to support small businesses including our participation in the SBA loan program.
Business Cooperatives- $37.3 million to support independent business owners.
Community Development and Expansion- $43.1million to finance community organizations focused on economic development.
Investments & Grants- $1.8 million to support entities serving low to moderate income communities.
Renewable Energy- $15.6million to fund solar energy system serving low to moderate income communities.