---
title: National Cooperative Bank Releases 2024 Mission Report Highlighting Cooperative and Community Development
description: National Cooperative Bank releases Mission Report highlighting initiatives serving low-and moderate-income communities and new cooperative development.
---

[Stay up to date with recent news from National Cooperative Bank ](https://www.ncb.coop/press-releases)

# [National Cooperative Bank Releases 2024 Mission Report Highlighting Cooperative and Community Development](https://www.ncb.coop/press-releases/national-cooperative-bank-releases-2024-mission-report-highlighting-cooperative-and-community-development)

 Written by [National Cooperative Bank](https://www.ncb.coop/press-releases/author/national-cooperative-bank) | Mar 26, 2025 2:15:11 PM

Arlington, VA (March 26, 2025) — National Cooperative Bank (NCB), a leading financial services company dedicated to providing banking products to cooperatives and socially responsible organizations nationwide, committed $558 million to initiatives serving low-and moderate-income communities and new cooperative development during 2024.

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:** $342.7 million for affordable cooperative housing and mortgage loans nationwide.
- **Credit Unions:** $49.7 million to low-income or community development credit unions.
- **Food:** $2.0 million to expand access to healthy food in communities.
- **Hardware:** $6.0 million to support hardware retailers nationwide.
- **Health Care:** $42.7 million to support healthcare and aging services.
- **Non-profit & Community Development:** $26.1 million to finance commercial real estate and organizations focused on economic development.
- **Renewable Energy:** $81.2 million to finance commercial and community solar panel projects. 
- **Small Business:** $4.8 million to support small businesses.

In addition, NCB provided $2.8 million in contributions, investments and grants to support entities serving cooperative and community development.  

Read our full mission report here: [2024 NCB Mission Report](https://www.ncb.coop/hubfs/assets/resources/2024%20Mission%20Report%20Final_Web.pdf)

 

[View full post](https://www.ncb.coop/press-releases/national-cooperative-bank-releases-2024-mission-report-highlighting-cooperative-and-community-development)

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