Arlington, VA (May 2, 2013) – National Cooperative Bank (NCB), a leading financial institution dedicated to providing banking solutions to cooperatives nationwide, is pleased to announce Bill Stewart has joined as Vice President, Credit Union Market Leader. Mr. Stewart’s newly-created role demonstrates NCB’s commitment to investing both time and resources to working with credit unions and expanding its presence in this sector. Well-established in the arena, Mr. Stewart will draw on 15 years of experience and relationships to strengthen and expand the Bank’sexisting opportunities, as well as develop new ones in this market.
“Bill comes to us with an extensive background in the credit union industry, most recently working to develop new services and products in his position at Southeast Corporate Federal Credit Union,” said Charles E. Snyder, president and CEO of NCB. “His expertise and relationships made him the ideal person to further our efforts to provide credit unions vital corresponding banking services, as more corporate credit unions are retiring these programs.”
The synergy between NCB and credit unions is a natural one. Both are member-owned organizations, and by partnering with the NCB, credit union members are able to benefit from important banking services and deposit opportunities, that may not be available through corporate entities. A prime example of this successful business relationship is the Bank’s partnership with The Members Group, a wholly owned subsidiary of the Iowa Credit Union League. NCB was able to step in and provide key banking products and services to Iowa credit union members, allowing its Corporate entity to wind down these operations and focus resources on other initiatives.
Prior to joining NCB, Mr. Stewart served as a National Member Relationship Manager for Southeast Corporate Federal Credit Union in Lake Worth, Florida. In this capacity, he was instrumental in the creation of new products and services, including a new institutional investment advisory service and was part of a team that successfully secured $70 million in member capital commitments to facilitate a major credit union merger.
NCB is dedicated to strengthening communities nationwide through the delivery of banking and financial services for the nation's cooperatives, their members and other socially responsible organizations. Headquartered in Washington, DC, the Bank has offices in Alaska, California, New York, Ohio and Virginia. To learn more, visit www.ncb.coop, National Cooperative Bank on Facebook, or on Twitter @coopbanking.