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National Cooperative Bank Honors Ann Fedorchak With Prestigious 2024 Spirit of Cooperation Award

Casey Fannon_Ann Fedorchak PhotoArlington, VA (May 21, 2024) — National Cooperative Bank (NCB), a leading financial institution serving cooperatives, their members, and socially responsible organizations nationwide, named Ann Fedorchak, Senior Vice President, head of NCB’s Specialty Finance team the 2024 Stan Dreyer Spirit of Cooperation Award. The honor presented each year at NCB’s Annual Meeting is bestowed to those who live and work with the spirit of the cooperative principles.

“I am honored to present Ann the Spirit of Cooperation Award”, stated Casey Fannon, President, and CEO of NCB. “Ann has worked for NCB for nearly 30 years and under her leadership has been instrumental in advancing NCB’s mission banking objectives serving food co-ops, worker co-ops, healthcare, co-op focused Community Development Financial Institutions (CDFIs) and affordable housing co-ops.”

Since joining NCB in 1994, Ms. Fedorchak has been involved in providing banking services to affordable housing cooperatives, nonprofits, and community healthcare projects. In her current role, Ms. Fedorchak leads NCB’s Specialty Finance team and drives NCB’s Co-op and Community Development mission objectives in thought leadership, advocacy, and co-op development.

NCB's CEO carefully selects the yearly recipient of The Stan Dreyer Spirit of Cooperation Award, named for Mr. Dreyer to ensure it’s given to an individual or organization who lives the spirit of the cooperative principles. Mr. Dreyer, who passed away in 2017, was instrumental in the passage of the Congressional Bank Act in 1978 which created NCB. The award is bestowed annually to an individual whose devotion and contribution to the cooperative community emulate those embodied by Mr. Dreyer. Among his long list of accomplishments, Mr. Dreyer served as Executive Director of the National Cooperative Business Association (NCBA) and, in that role was the premier advocate to Congress in helping to pass the National Consumer Cooperative Bank Act, which created NCB. Throughout his career, his dedication to fostering the growth and success of cooperatives, nationally and internationally, has earned him widespread recognition and an enduring legacy.


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