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consent of the Senate. Of these three members one shall be selected from among proprietors of small business concerns, as defined under section 632 of title 15, which are manufacturers or retailers; one member shall be selected from among the officers of the agencies and departments of the United States; and one member shall be selected from among persons having extensive experience in the cooperative field representing low-income cooperatives eligible to borrow from the Bank.
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The Bank is governed by a Board of
Directors which consists of 15 members. All members serve for terms of three years. Twelve members of the board are elected by the holders of class B stock and class C stock. The remaining three members are appointed by the President, by and with the advice and
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After the expiration of the term of any member, such member may continue to serve until their successor has been elected or has been appointed and confirmed. Any member appointed by the
President may be removed for cause by the President.
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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.
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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.
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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.
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The board annually elects from among its members a chairman and vice chairman, and selects a secretary who need not be a member.
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For All the People: Uncovering the Hidden
History of Cooperation, Cooperative Movements, and Communalism in America
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The current members of the board that are appointed by the
President, as of September 12, 2024:
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190:"Historic Federal Law Gives Employee-Owned Businesses Access to SBA Loans"
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subsidiary of the NCB. It became a stand-alone organization in 2014.
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215:"Will Impact Investors Embrace Employee-Owned Companies?"
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137:Experience representing low-income cooperatives
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188:Dubb, Steve (14 August 2018).
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313:. You can help Knowledge by
213:Field, Anne (24 June 2017).
265:. National Cooperative Bank
167:. PM Press. pp. 530–.
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360:Banks of the United States
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370:Banks established in 1978
25:congressionally chartered
21:National Cooperative Bank
380:United States bank stubs
96:Janis Lynne Herschkowitz
42:Capital Impact Partners
259:"Board of Directors"
194:Nonprofit Quarterly
44:was the non-profit
161:John Curl (2012).
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247:§ 3013
354:Categories
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148:References
84:Confirmed
263:NCB.coop
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219:Forbes
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133:Vacant
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
