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.
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
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
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
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.