A broad group of cooperative leaders, consumer advocates, and civil rights leaders set out to provide a dependable source of financing for cooperatives not eligible to use the existing U.S. cooperative finance system.
Our cooperative and community development mission has guided us since our inception and is a critical component of what defines our institution. As part of its enabling legislation, NCB has an uncommon mandate to ensure our efforts benefit those most in need, supporting low income communities and cooperative expansion initiatives.
Co-op & Community Development Sectors
Affordable Housing: $128,886,124
Credit Unions: $ 80,796,395
Health Care: $53,955,123
Non-Profit & Community Development: $43,450,000
Small Business $ 425,000
Renewable Energy: $ 89,739,026
History of Impact
Chartered by Congress in 1978 and privatized in 1981 as a cooperatively owned financial institution, NCB was created to address the financial needs of an underserved market: cooperative owned organizations that operate for the benefit of their members, not outside investors.
Below are some key events in NCB’s history from our establishment by an Act of Congress in 1978 to the present.