The National Cooperative Bank is a congressionally chartered cooperative bank in the United States created by the National Consumer Cooperative Bank Act of 1978 (Pub.L. 95-351). National Cooperative offers banking products and services to cooperatives, their members and social organizations nationwide.[1]
The bank was created to address the financial needs of an underserved market. NCB is an advocate for America's cooperatives and their members, placing special emphasis on serving the needs of communities that are economically challenged.[2]
NCB has focused on community revitalization. The employment of the cooperative model in the development of business contains access to affordable health care and affordable housing.
Capital Impact Partners was the non-profit community development financial institution subsidiary of the NCB. It became a stand-alone organization in 2014.[3]
References
- ^ John Curl (2012). For All the People: Uncovering the Hidden History of Cooperation, Cooperative Movements, and Communalism in America. PM Press. pp. 530–. ISBN 978-1-60486-582-0.
- ^ Dubb, Steve (14 August 2018). "Historic Federal Law Gives Employee-Owned Businesses Access to SBA Loans". Nonprofit Quarterly. Retrieved 2018-08-16.
- ^ Field, Anne (24 June 2017). "Will Impact Investors Embrace Employee-Owned Companies?". Forbes. Retrieved 2018-08-16.
External links
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This page was last edited on 5 March 2023, at 11:52