NCB is not your typical financial institution. We have an uncommon mandate to ensure our efforts benefit those most in need. We have provided more than $4.5 billion in capital to support underserved communities and cooperative expansion initiatives. Our impact is all thanks to your investment in NCB.
In 2011, 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- $201.3 million for housing cooperatives, mortgages and share loans and affordable housing initiatives nationwide.
Health Care- $97.8 million to preserve and expand affordable healthcare and behavioral care for low-income families through community-based health centers.
Education- $144.6 million for charter school facilities.
Small Business- $5.5 million to support small businesses including our participation in the SBA loan program.
Business Cooperatives- $9.1 million to support independent business owners.
Community Organizations & Nonprofits- $28.3 million to finance community organizations focused on economic development.
Expansion & Development- $3.8 million for cooperative expansion and development initiatives.
Investments & Grants- $3.0 million to support entities serving low to moderate income communities.
Renewable Energy- $1.3 million to fund solar energy system serving low to moderate income communities.