Arlington, VA (January 28, 2020) — National Cooperative Bank (NCB), a leading financial institution committed to serving cooperatives, their members and socially responsible organizations nationwide, reported $1.38 billion in loan originations for 2019.
NCB’s Real Estate Line of Business originated $901 million in financing for housing communities, $178 million in new loans for 692 individual unit owners and $93 million for other commercial real estate projects across the country.
NCB’s Commercial Lines of Business originated $132.7 million and Energy and Tax Credit Finance originated $73.6 million.
“NCB had a very successful year in loan originations across all of our customer segments”, stated Casey Fannon, Chief Lending Officer for National Cooperative Bank. “Low rates, a strong economy, and NCB's competitive market position within our niche cooperative sectors were key factors in our success. We look forward to another great year in 2020.”