Arlington, VA (April 12, 2010) NCB, FSB originated over $21.7 million in new loans for 131 residential unit owners during the first quarter of 2010. As many consumers struggle to find available credit, NCB, FSB remains an important source of real estate financing. In the absence of available portfolio lending funds, the Bank continues originating saleable loans to maintain a constant stream of funding.
“NCB, FSB’s ability to provide consistent and competitive financing, even in light of the current economic environment, is an important resource for consumers looking to purchase a home, pay for capital improvements or refinance existing debt,” said Chris Goettke, Director of Residential Lending. “The Bank’s commitment to providing these creative lending solutions was born out of its mission, to provide financial assistance to the cooperative market. This unique expertise and experience laid the groundwork for NCB, FSB’s success today in offering innovative and tailored funding packages –when many other institutions can’t—to all types of housing across the country.”
Lending activity highlights around the country include $11.7 million for the West Coast cooperative housing market, $5.8 million for the New York market and $2.1 million in new loan originations in the DC Metropolitan area.
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.
NCB Financial Group (NCB) consists of National Consumer Cooperative Bank, a federally chartered cooperative corporation; its wholly-owned subsidiary NCB, FSB, a federally chartered savings bank; and, NCB Capital Impact, a 501(c)3 nonprofit affiliate. Loans and other financial services are provided by NCB, FSB and NCB Capital Impact. Deposit products and services are provided by NCB, FSB, which is a member FDIC. Each is a separate corporation within the NCB Financial Group.