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Charles E. Snyder Receives National Association of Housing Cooperatives’ Highest Honor

Washington, DC (October 9, 2007) NCB, a leading financial services company, is proud to announce that Charles E. Snyder, its President and CEO was named this year’s recipient of The Jerry Voorhis Memorial Award, the National Association of Housing Cooperatives’ (NAHC) most prestigious honor. The award was presented during the NAHC’s annual conference held in Miami, Florida last month.

“I’m honored to be recognized by such a renowned organization, the nation’s leading advocate for the cooperative housing community,” stated Mr. Snyder. “At NCB, we are dedicated to advancing the cooperative mission, especially through our housing initiatives nationwide. We are proud to work with such great organizations as NAHC to accomplish these goals.”

Mr. Snyder’s dedication to cooperative principles has been the driving force behind the Bank he heads.  As President and CEO of NCB for over 15 years, his leadership has helped the Bank become the foremost lending institution in supporting the formation, expansion, and preservation of housing cooperatives. As a Bank chartered by Congress to promote the financial viability and growth of cooperatives, Mr. Snyder has been instrumental in creating the programs and resources necessary to make this goal a reality.  During his tenure, NCB and its subsidiaries and nonprofit affiliate have financed nearly $5 billion of housing cooperative loans.

As an outspoken supporter of cooperative enterprise, Mr. Snyder also leads NCB’s Executive Council and Chairs the board of the wholly-owned subsidiary NCB, FSB. In addition, he serves on the Board of the National Cooperative Business Association, a membership association representing all types of cooperative in America.

The Jerry Voorhis Award is NAHC’s most prestigious award, whose namesake felt a national cooperative housing association could really make a difference. As the executive director of the Cooperative League of the USA (now the National Cooperative Business Association), Mr. Voorhis’ vision and leadership led to the founding of the National Association of Housing Cooperatives. In this capacity, he brought together diverse organizations and provided the support needed to formally establish NAHC.  As the organization’s first president in 1967, and again in 1968, he continued serving in different capacities well into his retirement. After his death in 1984, NAHC created this award to recognize those who, in Mr. Voorhis’ footsteps, have made substantial lifelong contributions to cooperative housing.

“Chuck demonstrates daily his unwavering commitment to this community,” stated Mark Shernicoff, NAHC’s newly-elected Board President. “We are pleased to honor him for his lasting contributions to the cooperative mission. He truly embodies everything this award stands for, and we are proud to have named him as this year’s recipient.”

Mr. Shernicoff has been an active member in cooperative enterprises since 1968, and is partner Zucker & Sherincoff, a certified public accounting firm based in New York City. The firm has an extensive cooperative and condominium housing practice providing accounting and auditing services to these housing types throughout the New York Metropolitan Area. As a 22-year co-op board member, he is involved in many organizations supporting the cooperative community, and was a natural choice to head the NAHC. In addition to this role, he is also Treasurer and member of the Executive Committee of the Council of New York Cooperatives.

NAHC is the nationally recognized leader in training and technical assistance for housing cooperatives. It is a nonprofit national federation of housing cooperatives, mutual housing associations, other resident-owned or controlled housing, professionals, organizations, and individuals involved in promoting the interests of cooperative housing communities. 

NCB means National Consumer Cooperative Bank, its subsidiaries and NCB Capital Impact, an affiliated non-profit corporation. Loans and technical assistance may be provided by NCB, NCB Capital Impact or NCB, FSB, all of which are Equal Housing Lenders.  NCB, FSB is a wholly-owned subsidiary of NCB.  Deposit products and services are provided by NCB, FSB, which is FDIC insured.  Independent financial advisory services are offered through NCB Financial Advisors.  Housing development services are offered through NCB and NCB Capital Impact’s jointly owned subsidiary, NCB Community Works, LLC.

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. Headquartered in Washington, DC, NCB also has offices in Alaska, California, New York and Virginia. In addition, NCB has a growing community banking network in southwestern Ohio. To learn more about NCB, visit www.ncb.coop.