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National Cooperative Bank Arranges $59 Million in New Loan Originations for Residential Properties Nationwide In First Quarter

Arlington, VA  (May 16, 2013) National Cooperative Bank (NCB), a leading financial services company dedicated to serving cooperatives nationwide, originated over $59 million in new loans for 291 residential unit owners by the end of the first quarter 2013.   

      “The Bank started the year off strong, arranging a substantial number of loans for residents purchasing homes or refinancing existing debt,” said Chris Goettke, NCB’s Director of Residential Lending. “In the currently low interest rate environment, owners are eager to take advantage of the competitive marketplace. At NCB, we are pleased to be a dependable source of funding for these borrowers.”    

Highlights of the lending activity around the country include $24 million for residents on the West Coast; $14.1 million in the New York region; $13 million in new loan originations in the DC Metropolitan area; and $7.7 million to unit owners located in other markets throughout the US.  

  

About NCB: 

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, 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.  

  

The NCB Financial Group consists of the Congressionally-chartered National Consumer Cooperative Bank (NCCB) and NCB, FSB, a federally insured savings bank wholly owned by NCCB. The NCB Financial Group provides financial products and services for the nation’s cooperatives, their members, and socially responsible organizations.