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NCB, FSB Launches New Cash Management Solutions for Housing Communities

Bank Unveils New Lockbox and Payment Processing Solution

Arlington, VA  (December 15, 2010) — NCB, FSB, a federally insured savings bank and a leading lender to cooperative housing and community associations nationwide recently launched a  new lockbox and payment processing solution to provide full service banking services to housing cooperatives and condominiums. The state-of-the-art technology allows these communities and property managers to streamline the payment process, through its real time, secure internet portal.  

 “The improvements to our cash management system for housing communities and their property managers, is another important step in NCB, FSB’s overall plan to provide the most comprehensive suite of banking services to our customers throughout the country,” said Charles E. Snyder, Chairman of the Bank. “We are constantly focused on new technological-developments that once properly vetted, provide with effective, efficient and cost-saving banking solutions.”

 The three main components of the new cash management solution system are Lockbox Services, Online Payment Services and Remote Deposit Services.  

 NCB’s Lockbox Services provides accurate, timely and efficient servicing of payments, through a real time, online lockbox. The program provides the user with full collection processing, image capturing and retrieval functionality through a secure, website platform.  

NCB’s Online Payment Services give residents the ability to sign up for electronic payments to be taken automatically from their account each month. This service enables users to shift from paper-based recurring payments to electronic settlement.  

NCB’s Remote Deposit Services provides the capability to image capture check payments at a business location and electronically deliver the images and information to NCB for deposit into an account(s) through a secure Internet connection. We eliminate the need to make trips to the bank, at the same time improve the safety and  security of your banking.   

All of the new banking components complement NCB Treasury 24/7 the Bank’s online business banking platform. Through its integrated suite of financial tools and the convenience of 24/7 accessibility, NCB, FSB customers are enjoying complete control over their cash flow needs and banking operations.  

For more information on the new additions to NCB, FSB’s cash management banking platform or to view a product demonstration, please contact Vice President Jared Tunnell at (703) 302-8176 or jtunnell@ncb.coop. To learn more about NCB, FSB, please visit www.ncb.coop 

   

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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 organizations. 

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.