National Cooperative Bank Provides a $1.5 Million Revolving Line of Credit to Ruggiero’s Ace Hardware

Arlington, VA (April 23, 2025) — National Cooperative Bank (NCB), a leading financial institution dedicated to providing banking solutions to cooperatives and socially responsible organizations nationwide, is pleased to announce it recently closed a $1.5 million revolving working capital line of credit to Ruggiero’s ACE Hardware to assist with seasonality in running their Ace Hardware stores.

Ruggiero’s ACE Hardware currently operates 11 ACE hardware stores located in Arizona, Washington State and New Mexico and has 225 employees. 

“NCB is proud to continue our relationship in serving the working capital needs for Ruggiero’s ACE Hardware”, stated Sylvia Bettencourt, NCB Vice President.  “Financing ACE retailers nationwide is critical to NCB’s mission in helping small businesses serve their local communities.”