Arlington, VA (January 23, 2020) — National Cooperative Bank (NCB), a leading financial services company dedicated to providing banking products and services to cooperatives, their members and socially responsible organizations nationwide, committed $200,000 to initiatives serving low-income communities and worker cooperative development.
NCB is pleased to support the following on their continued efforts to help develop and finance small businesses and worker-owned cooperatives:
• Cooperative Fund of New England, Inc.
NCB awarded CFNE with a $50,000 grant to support the education, outreach, creation and development of worker-owned cooperatives.
• Local Enterprise Assistance Fund
NCB awarded LEAF with a $50,000 grant to support the education, outreach, creation and development of worker-owned cooperatives.
• Shared Capital Cooperative
NCB awarded Shared Capital Cooperative with a $50,000 grant to support the organization’s lending to worker-owned cooperatives.
• Appalachian Growth Capital
NCB awarded AGC a $50,000 grant to support the growth of small businesses in the Appalachian Region of Ohio.
“National Cooperative Bank is committed to making an impact in communities nationwide,” stated Charles E. Snyder, President and CEO of NCB. “The grants awarded to these four CDFI's will help our collective mission in new co-op development and small business ownership in underserved communities.”
