NCB's capital base is funded by long-term subordinated notes; medium-term notes and commercial paper; loans from our banking partners and customers; deposits through our wholly-owned subsidiary, NCB, FSB; and stock purchased by NCB customers.
Currently, 2,600 of our customers own NCB stock. As owners, pursuant to the National Consumer Cooperative Bank Act, they are entitled to receive patronage dividends per Subchapter T of the U.S. Internal Revenue Code. Currently, no owners of NCB have a controlling interest and the Act effectively eliminates any one shareholder from gaining such control.
View NCB's annual filing with the Securities and Exchange Commission (SEC).
NCB maintains primary, master and special servicing ratings from Fitch Ratings and Standard and Poor's (S&P) and is recognized by Moody's in both capacities despite the fact that Moody's does not issue formal servicer ratings
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