“In these tough economic times, NCB and NCB Capital Impact remain committed to our mission, to utilize cooperative principles to provide solutions to empower America’s underserved communities.”
Through NCB’s Mission Banking initiative, we direct resources from across the NCB Financial Group with a very specific goal – to help underserved communities help themselves. Working together with our nonprofit affiliate, NCB Capital Impact, we continued to make strides in communities delivering $391 million in 2009 to benefit low- and moderate-income communities and our cooperative expansion initiatives.
In addition, we are proud to have implemented a sustainability program that encourages employees at work and in their private lives to follow eco-friendly practices to help preserve the environment.
Spreading the word about how cooperatives lead the way in fostering a more responsible America is a key Mission Banking objective for us. The leadership role cooperatives serve is demonstrated by their accountability and responsiveness to their members and communities alike.
NCB is not your typical financial institution. We have an uncommon mandate to ensure our efforts benefit those most in need. In partnership with our affiliate, NCB Capital Impact, we have provided more than $4 billion in capital to support underserved communities and cooperative expansion initiatives. And, our impact is all thanks to your investment in NCB.
2009
In 2009 NCB has provided capital through both direct lending, investments and our facilitation of creative transactions which directly support low- to moderate-income communities in the following impact sectors.
Housing
$118,026,496 for housing cooperatives and affordable housing initiatives nationwide.
Health Care
$84,502,067 to preserve and expand affordable healthcare and behavioral care for low-income families through community-based health centers.
Education
$73,304,407 for charter school facilities.
Small Business
$35,037,285 to support small businesses through our participation in the SBA loan program.
Business Cooperatives
$18,862,000 to support independent business owners competing against national chains.
Community Organizations & Nonprofits
$59,594,163 to finance community organizations focused on social and cultural enrichment.
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