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NCB Arranges Loan for
True Value Hardware in Darien, Illinois
Bank Loan Brings New Generation into the Family Business

Washington, DC, (April 24, 2008) — NCB, a leading provider of cooperative financing nationwide, has arranged a $510,000 term loan for O’Hara True Value Home & Hardware (OHH), a new family-owned True Value hardware store in Darien, Illinois.

The store is the third for the O’Hara family, with the first opened in 1940 by founder Martin O’Hara. Currently the family has retail locations in Ottumwa and Albia, Iowa. The Darien store will be owned and operated by Marty O’Hara, the third generation and grandson of Martin O’Hara in the Chicago suburb.

“NCB was proud to arrange a loan for this third generation business owner, and help further the cooperative mission through Mr. O’Hara’s partnership with True Value Hardware,” said Charles E. Snyder, President and CEO of NCB. “Retailers like Mr. O’Hara are able to grow and thrive in spite of the ‘big box’ competition, and we are proud to be a part of their success by offering them financing specifically tailored to meet the needs of these independently owned businesses and help level the playing field in the marketplace.”

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*Special rate of 3.99% APR for 3 months. After 3 months, the Annual Percentage Rate (APR) will be based on the Wall Street Journal Prime Rate plus an applicable margin, which will depend on credit score and loan-to-value. This variable rate could be as low as Prime + 0%, currently 5.00% APR and can change daily. Maximum APR is 18%. No closing costs. There may be a balloon payment at the end of the 10-year loan term. An annual fee of $50 will be due on December 31 of each year. The balance of your loan can be paid off anytime; however, if you close your credit line before the 3-year period, there’s an early termination fee of $350. If you sell your home, NCB, FSB will waive the early termination fee if buyers finance through NCB. Property insurance required.

NCB refers to National Consumer Cooperative Bank and its subsidiaries (primarily NCB Financial Corporation and its subsidiary, NCB, FSB) its affiliated non-profit corporation, NCB Capital Impact, and also NCB Community Works, which is jointly owned by NCB Capital Impact. Each is a separate entity within the NCB Financial Group.