Bank’s Executive Vice President Receives
Industry’s Top Honor for Instrumental Role in Promoting Cooperative Development
and Education in the U.S.
Arlington, Va. (December 16, 2013) — National Cooperative Bank (NCB), a leading financial
institution dedicated to providing banking solutions to cooperatives
nationwide, is proud to announce that Barry Silver, an Executive Vice
President, is a 2014 inductee to the Cooperative Hall of Fame. Mr. Silver, and
three other honorees, will receive the cooperative community’s highest honor,
and join a select group of individuals who have been recognized for their
dedication to fostering cooperative enterprises worldwide.
cooperatives has been a career-long commitment, and I’m honored to join such a
prestigious group of members in the Cooperative Hall of Fame,” said Mr. Silver.
“I’m proud to work for an organization dedicated to fostering and promoting the
growth of this sector. We continue to challenge ourselves, and our peers to
identify new programs and initiatives that will further these efforts and
continue to expand the cooperative sector.”
Since joining NCB in 1980,
Mr. Silver has been an unstoppable force within the Bank and industry in the development
of cooperative programs. A walking educational resource, he is renowned for
finding new and innovative ideas that benefit the cooperative community. Over the past 33 years, he has helped
thousands of cooperatives obtain financing to succeed in business.
Mr. Silver is also
responsible for founding the NCB Co-op
100, the annual listing promoting the financial impact the country’s
cooperatives have on the economy. Now, 20 years later, The Co-op 100 still remains the only annual report of its kind to track
the profits and success of cooperative businesses in the United States. The
report was also the inspiration for the International Cooperative Alliance’s
creation of the Global 300 report.
In 1999, Mr.
Silver was the first ever recipient of the Stan Dreyer Spirit of Cooperation
Award. Stanley Dreyer was a co-founder of NCB and devoted supporter and
promoter of cooperatives. The award, created by NCB, is given annually to a
Bank employee or customer who lives by the cooperative principals and embodies
Mr. Dreyer’s devotion to the industry.
Mr. Silver is consistently
working to expand the reach cooperatives have in the community. It is because
of this commitment the Purchasing Co-op Conference was created. He was critical
to its development, which is an annual assemblage for CEOs in the purchasing
cooperative sector to share ideas and receive support. Now in its 20th
year, the event has become a major force in the industry, and Mr. Silver was recognized
in 2005 for his role with the National Cooperative Business Association’s
Honored Cooperator Award.
As a consultant for the World Bank in China, Mr. Silver worked with
agricultural cooperatives for four years, mainly involved in the improvement of
water irrigation systems for farmer cooperatives in the country. He was tasked
with assessing new cooperatives in five regions and educating leaders in the
agricultural sector. Additionally, Mr. Silver has partnered with USAID on
cooperative and capital enhancement projects in Peru; offered cooperative
education to credit unions in the
Dominican Republic; and is active in the expansion of Spain’s Mondragon
Cooperative to the U.S.
While Mr. Silver is highly
dedicated to the growth and development of NCB and its programs, he also
demonstrates a strong passion for volunteering with organizations in the
cooperative sector. He served on the
Advisory Board of Group Health Association, was a member of the advisory board
to the National Grocers Association; and was the Vice Chairman of the Sollars
Fund, which provides financial grants for international co-op projects. Mr. Silver also served as the Treasurer of the Board for 12
years of the National Multicultural Institute, a non-profit dedicated to
teaching and integrating diversity in the workplace; and currently
serves as a board advisor for the Cooperative Development Foundation.
Mr. Silver has also taken
his experience and knowledge of cooperatives to an international level. He
currently serves as a board member of the International Cooperative Alliance,
ACI Americas section; is a member of the COFIA board, which is dedicated to the
development of co-op banks and credit unions in the Americas; and was recently
elected to the executive committee of ACI Americas, representing cooperatives
from the United States.
The Cooperative Hall of Fame is administered by the Cooperative
Development Foundation (CDF), the 501(c)(3) non-profit affiliate of the National
Cooperative Business Association (NCBA). Nominations
are received annually from the cooperative community, with the final selection
made by the NCBA Board of Directors on the recommendations of a selection
committee of national cooperative leaders.
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.
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
The NCB Financial Group also works in a strategic
alliance with NCB Capital Impact, a non-profit Community Development Financial
Institution created under the same act of Congress as NCCB with particular
focus on impacting low and moderate income communities.