--- title: National Cooperative Bank Receives Bank Enterprise Award from CDFI Fund description: National Cooperative Bank was awarded the top-level Bank Enterprise Award from the U.S. Department of the Treasury’s CDFI Fund. image: https://www.ncb.coop/hubfs/NCB_wText_ColorJPG_HIGH-1.jpg --- ## Newsletter Close Close ## You are about to leave the website of National Cooperative Bank and view the content of an external website. We provide links to external websites for convenience. National Cooperative Bank does not endorse and is not responsible for their content, links, privacy or securities policies. Click OK to proceed, click Cancel to stay on this page OK Cancel Close Close ## Press Releases - [National Cooperative Bank (56)](https://www.ncb.coop/press-releases/tag/national-cooperative-bank) - [NCB (18)](https://www.ncb.coop/press-releases/tag/ncb) - [Coop Housing (10)](https://www.ncb.coop/press-releases/tag/coop-housing) - [financial literacy (4)](https://www.ncb.coop/press-releases/tag/financial-literacy) - [ACE Hardware (3)](https://www.ncb.coop/press-releases/tag/ace-hardware) - [Co-op Education (2)](https://www.ncb.coop/press-releases/tag/co-op-education) - [Store Opening (2)](https://www.ncb.coop/press-releases/tag/store-opening) - [consumer education (2)](https://www.ncb.coop/press-releases/tag/consumer-education) - [#BankingOnValues (1)](https://www.ncb.coop/press-releases/tag/bankingonvalues) - [#TogetherForThePlanet (1)](https://www.ncb.coop/press-releases/tag/togetherfortheplanet) - [Co-op 100 (1)](https://www.ncb.coop/press-releases/tag/co-op-100) - [ESOP (1)](https://www.ncb.coop/press-releases/tag/esop) - [Employee Owned (1)](https://www.ncb.coop/press-releases/tag/employee-owned) - [Everfi (1)](https://www.ncb.coop/press-releases/tag/everfi) - [Homeownership (1)](https://www.ncb.coop/press-releases/tag/homeownership) - [Personal Banking (1)](https://www.ncb.coop/press-releases/tag/personal-banking) - [Solar Financing (1)](https://www.ncb.coop/press-releases/tag/solar-financing) [More](https://www.ncb.coop/press-releases/national-cooperative-bank-receives-bank-enterprise-award-from-cdfi-fund-1#) ## Press Releases - [National Cooperative Bank (56)](https://www.ncb.coop/press-releases/tag/national-cooperative-bank) - [NCB (18)](https://www.ncb.coop/press-releases/tag/ncb) - [Coop Housing (10)](https://www.ncb.coop/press-releases/tag/coop-housing) - [financial literacy (4)](https://www.ncb.coop/press-releases/tag/financial-literacy) - [ACE Hardware (3)](https://www.ncb.coop/press-releases/tag/ace-hardware) - [Co-op Education (2)](https://www.ncb.coop/press-releases/tag/co-op-education) - [Store Opening (2)](https://www.ncb.coop/press-releases/tag/store-opening) - [consumer education (2)](https://www.ncb.coop/press-releases/tag/consumer-education) - [#BankingOnValues (1)](https://www.ncb.coop/press-releases/tag/bankingonvalues) - [#TogetherForThePlanet (1)](https://www.ncb.coop/press-releases/tag/togetherfortheplanet) - [Co-op 100 (1)](https://www.ncb.coop/press-releases/tag/co-op-100) - [ESOP (1)](https://www.ncb.coop/press-releases/tag/esop) - [Employee Owned (1)](https://www.ncb.coop/press-releases/tag/employee-owned) - [Everfi (1)](https://www.ncb.coop/press-releases/tag/everfi) - [Homeownership (1)](https://www.ncb.coop/press-releases/tag/homeownership) - [Personal Banking (1)](https://www.ncb.coop/press-releases/tag/personal-banking) - [Solar Financing (1)](https://www.ncb.coop/press-releases/tag/solar-financing) [More](https://www.ncb.coop/press-releases/national-cooperative-bank-receives-bank-enterprise-award-from-cdfi-fund-1#) Topics Subscribe # National Cooperative Bank Receives Bank Enterprise Award from CDFI Fund September 17, 2020 Arlington, VA - (September 17, 2020) National Cooperative Bank (NCB), a leading financial institution dedicated to providing banking solutions to cooperatives, their members, and socially responsible organizations nationwide, was recently awarded the top level Bank Enterprise Award (BEA) from the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund). The award recognizes financial institutions commitment to serving low income communities. The award requires financial institutions to demonstrate support to community and economic development activities in census tract areas where at least 30 percent of the population lives at or below the national poverty level and where the unemployment rate is at least 1.5 times the national average. “We are honored to once again receive this recognition from the CDFI Fund”, stated Charles E. Snyder, Chief Executive Officer of NCB. “NCB’s mission is to support and be an advocate for America’s Cooperatives and their members, especially in low-income communities. The funds we receive from the Bank Enterprise Award will allow us to work with CDFIs who are promoting cooperative expansion in communities of color.” About the BEA Program The Bank Enterprise Award Program (BEA Program) rewards FDIC-insured depository institutions for making investments in certified CDFIs as well as in the most distressed communities in the country. In order to receive an award, these banks and thrifts must demonstrate an increase in their investments with at least 30% of their residents having incomes less than the national poverty level and 1.5 times the unemployment rate. The BEA awards help offset some of the risk associated with investing in these distressed communities and provide an incentive to invest. - [National Cooperative Bank](https://www.ncb.coop/press-releases/tag/national-cooperative-bank) Related Posts ![National Cooperative Bank Originated $67 Million for New York Area Cooperatives and Condominiums in the Second Quarter of 2023](https://www.ncb.coop/hubfs/Buildings/Capture.png) 11 Jul 2023 National Cooperative Bank Originated $67 Million for New York Area Cooperatives and Condominiums in the Second Quarter of 2023 [Read Post ](https://www.ncb.coop/press-releases/national-cooperative-bank-originated-67-million-for-new-york-area-cooperatives-and-condominiums-in-the-second-quarter-of-2023) ![National Cooperative Bank Honors Michele Fantt Harris and Rick Reed With Prestigious 2022 Spirit of Cooperation Award](https://www.ncb.coop/hubfs/Spirit%20of%20Cooperation%20Award%20(1).svg) 12 May 2022 National Cooperative Bank Honors Michele Fantt Harris and Rick Reed With Prestigious 2022 Spirit of Cooperation Award [Read Post ](https://www.ncb.coop/press-releases/national-cooperative-bank-honors-michele-fantt-harris-and-rick-reed-with-prestigious-2022-spirit-of-cooperation-award) ![SSCC Awards NCB Minority Excellence Scholarship to Heidi Calderon](https://www.ncb.coop/hubfs/2022%20Spring%20NCB%20Scholarship%20Recipient-SSCC%20and%20NCB.svg) 03 Feb 2022 SSCC Awards NCB Minority Excellence Scholarship to Heidi Calderon [Read Post ](https://www.ncb.coop/press-releases/ncb-minority-excellence-scholarship-awarded) Media Contacts #### Mary Alex Blanton Senior Vice President [703.302.8876](tel:7033028876) #### Heather Cummings Vice President [937.393.6429](tel:9373936429) ## Stay Informed Stay informed about NCB and how we impact communities nationwide. Sign Up