National Cooperative Bank Provides $3.7 Million to People’s Food Cooperative

National Cooperative Bank Provides $3.7 Million to People’s Food Cooperative

Arlington, VA (April 10, 2019) National Cooperative Bank (NCB), a leading financial institution dedicated to providing banking solutions to cooperatives and socially responsible institutions nationwide, recently closed  a $3.7 line of credit/ term loan to long-time customer People’s Food Cooperative.  NCB’s loan proceeds were used to refinance existing debt and provide funds for a store remodel at their La Crosse, WI location.   

The renovation project, which was completed in March, 2019, included a new deli area, interior flow and check-out enhancements and exterior signage and entryway improvements.

People’s Food Cooperative is a consumer-owned, natural food co-op, which operates two retail locations with one restaurant and has over 10,000 members.   Retail locations are in La Crosse, WI and Rochester, MN. 

“For over 40 years National Cooperative Bank has served the financing needs of food co-ops”, stated Brian Misenheimer, Senior Vice President at NCB.  “People’s Food Co-op has been a customer of the bank since 1981, and we are proud to continue our relationship and help the co-op make more of an impact in serving their local community.”

 

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