---
title: National Cooperative Bank Releases 2023 Mission Report Highlighting Initiatives Serving Low-and-Moderate-Income Communities and New Cooperative Development
description: National Cooperative Bank releases Mission Report highlighting initiatives serving low-and moderate-income communities and new cooperative development.
image: https://www.ncb.coop/hubfs/2023%20Mission%20Report%20Cover%20Page.png
---

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## 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-releases-2023-mission-report-highlighting-initiatives-serving-low-and-moderate-income-communities-and-new-cooperative-development#)

## 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-releases-2023-mission-report-highlighting-initiatives-serving-low-and-moderate-income-communities-and-new-cooperative-development#)

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# National Cooperative Bank Releases 2023 Mission Report Highlighting Initiatives Serving Low-and-Moderate-Income Communities and New Cooperative Development

April 18, 2024

![2023 Mission Report Cover Page](https://www.ncb.coop/hs-fs/hubfs/2023%20Mission%20Report%20Cover%20Page.png?width=365&height=515&name=2023%20Mission%20Report%20Cover%20Page.png)Arlington, VA (April 18, 2024) — National Cooperative Bank (NCB), a leading financial services company dedicated to providing banking products to cooperatives and socially responsible organizations nationwide, committed $384 million of its overall annual production to initiatives serving low-and moderate-income communities and new cooperative development during 2023.

NCB’s mission is to support and be an advocate for America’s cooperatives and their members, especially in low-income communities, by providing innovative financial and related services. The capital was provided through direct lending and investments in the following impact sectors:

- **Housing:** $103.7 million for affordable housing initiatives and low-and-moderate-income mortgage loans nationwide.
- **Non-profit & Community Development:** $16.9 million to finance commercial real estate in low-income areas and organizations focused on economic development.
- **Credit Unions:** $93.6 million to low-income or community development credit unions.
- **Food:** $24.6 million to expand access to healthy food in low-and moderate-income communities.
- **Hardware:** $9.1 million to support hardware retailers nationwide.
- **Health Care:** $31.7 million to support healthcare and aging services.
- **Renewable Energy:** $89.8 million to finance solar panel installation in low-and moderate-income communities.
- **Small Business:** $7 million to support small businesses.

In addition, NCB provided $7.2 million in contributions, investments and grants to support entities serving low-income communities and co-op development.

Read our full mission report here: [NCB Mission Report](https://www.ncb.coop/hubfs/assets/resources/2023%20Mission%20Report.pdf)

 

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#### Mary Alex Blanton

Senior Vice President  
[703.302.8876](tel:7033028876)

#### Heather Cummings

Vice President  
[937.393.6429](tel:9373936429)

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