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President Barack Obama Appoints CFED President Andrea Levere to NCB Board of Directors

Washington, D.C. — President Barack Obama has appointed Andrea Levere, President of  the Corporation for Enterprise Development (CFED), to the National Cooperative Bank’s (NCB) Board of Directors. Ms. Levere was sworn in today and confirmed on October 16.  She replaces Nguyen Van Hanh who held the seat since 2007. Originally chartered by Congress in 1978 to meet the financial needs of cooperatives throughout the country, NCB maintains three presidentially-appointed seats on its 15-person Board of Directors.

“We are so pleased President Obama has selected an individual with Ms. Levere’s experience and background to serve on NCB’s Board of Directors,” said Charles E. Snyder, President and CEO of NCB. “As a mission-driven, socially responsible bank, we are focused on reaching underserved communities through new initiatives and programs, and will certainly benefit from Ms. Levere’s expertise in this arena.”

Ms. Levere was specifically chosen to represent the needs of low-income communities for NCB. “I am deeply honored to be given the opportunity to serve on the National Cooperative Bank’s Board of Directors,” said Ms. Levere. “The work of CFED, including helping low-income communities learn to save, build assets and move up the economic ladder, correlates perfectly with the goals and vision of NCB.”

As the leading lender to cooperative housing and businesses across the country, NCB is well-recognized for many of the traditional banking services it provides. However, it sets itself apart from other financial institutions by dedicating time and resources to meet the financial needs of low and moderate-income communities. In 2012, NCB deployed $232 million to these initiatives in a variety of sectors including housing, healthcare, small business and solar energy, a number that will certainly increase with the contributions from Ms. Levere.

For more than 20 years, Ms. Levere has dedicated her career to creating financial solutions for small businesses, affordable housing and urban developments. From her role as a Director with the National Development Council to her tenure at CFED, she has been instrumental in changing the lives of those in underserved communities. As President of CFED since 2004, Ms. Levere has overseen the critical work of this national nonprofit organization in building assets and expanding economic opportunity for low-income people and disadvantaged communities through matched savings, entrepreneurship, and affordable housing programs.

Ms. Levere served as chair of the board of the Ms. Foundation for Women from 2002-2005 and currently serves as the chair of ROC USA (Resident Owned Communities USA), a national social venture that converts manufactured home parks into resident-owned cooperatives.  She is also a board member of MapLight, which exposes how money influences politics, and a member of the FDIC’s Committee on Economic Inclusion, the Bank of America’s National Community Advisory Council, Morgan Stanley’s Community Development Advisory Board and Capital One’s Community Advisory Council.

About NCB 

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, National Cooperative Bank on Facebook, or on Twitter @coopbanking.

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.

About Corporation for Enterprise Development 

CFED’s mission is to empower low- and moderate-income households to build and preserve assets by advancing policies and programs that help them achieve the American Dream, including buying a home, pursuing higher education, starting a business and saving for the future.  As a leading source for data about household financial security and policy solutions, CFED understands what families need to succeed. We promote programs on the ground and invest in social enterprises that create pathways to financial security and opportunity for millions of people.

Established in 1979 as the Corporation for Enterprise Development, CFED works nationally and internationally through its offices in Washington, DC; Durham, North Carolina; and San Francisco, California.