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What is National Cooperative Bank mean?
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.
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.
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.
referencePosted on 25 Sep 2024, this text provides information on Miscellaneous in Governmental related to Governmental. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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