National Cooperative Bank

FDIC-Insured ∙ Cooperatively Owned



As Seen In


Features

Convenience

  • FDIC-Insured
  • Multimillion Dollar Deposit Insurance
  • Online account opening
  • Online and mobile banking
  • Mobile deposits
  • Bill pay
  • Surcharge-free ATMs (MoneyPass ATM Network)

Products

  • Checking and savings accounts
  • Certificates of Deposit (CDs)
  • Money Market accounts
  • Retirement accounts
  • Mortgage loans
  • Small business loans
  • Other financing

National Cooperative’s Impact

We’re the only bank in the US dedicated to lending to cooperatives and other member-owned organizations.

Whether you’re looking for a small business loan or a savings account that can make a difference, we have solutions for you.

 

National Cooperative is the only sustainability-certified, cooperatively-owned bank in the US

What do these mean? Read more
  • Fossil Fuel Free: Bank does not lend to nor underwrite for fossil fuel extraction nor infrastructure companies/projects (this does not include financing for equipment that uses fossil fuels, like loans for vehicles, nor entities that solely distribute local supplies of fossil fuels to consumers, like businesses with gas pumps)

  • Sustainable (B-Corp or GABV): Bank is a member of the Global Alliance for Banking on Values, which means it is accountable to providing sustainable banking and reporting on its banking practices

  • Above avg. in small business lending: Bank puts a larger percentage of money into small business loans than the bank industry average.

  • Above avg. in housing lending: Bank puts a larger percentage of money into housing loans than the bank industry average

  • Above avg. in financing communities, overall: Bank puts a larger percentage of money into community financing (loans for business, farms, housing, construction, and households, and public works financing) than the bank industry average

These metrics are validated with public data. To learn how, see our FAQ.

Our deposits come from across the country to fund our lending to community initiatives nationwide

 

DEPOSITS
Percent of total deposits from each state

Amount of deposits from each state

  • Alabama: $300,000

  • Alaska: $32,000,000

  • Arizona: $7,000,000

  • Arkansas: $1,000,000

  • California: $115,000,000

  • Colorado: $20,000,000

  • Connecticut: $4,000,000

  • Delaware: $3,000,000

  • District of Columbia: $73,000,000

  • Florida: $43,000,000

  • Georgia: $136,000,000

  • Hawaii: $2,000,000

  • Illinois: $26,000,000

  • Indiana: $1,000,000

  • Iowa: $622,000,000

  • Kansas: $1,000,000

  • Kentucky: $1,000,000

  • Louisiana: $26,000,000

  • Maine: $4,000,000

  • Maryland: $44,000,000

  • Massachusetts: $34,000,000

  • Michigan: $17,000,000

  • Minnesota: $24,000,000

  • Missouri: $75,000,000

  • Montana: $3,000,000

  • Nebraska: $4,000,000

  • Nevada: $31,000,000

  • New Hampshire: $5,000,000

  • New Jersey: $127,000,000

  • New Mexico: $1,000,000

  • New York: $462,000,000

  • North Carolina: $27,000,000

  • North Dakota: $2,000,000

  • Ohio: $581,000,000

  • Oklahoma: $2,000

  • Oregon: $1,000,000

  • Pennsylvania: $82,000,000

  • Rhode Island: $300,000

  • South Carolina: $1,000,000

  • South Dakota: $300,000

  • Tennessee: $7,000,000

  • Texas: $9,000,000

  • Utah: $22,000,000

  • Vermont: $27,000,000

  • Virginia: $170,000,000

  • Washington: $4,000,000

  • West Virginia: $1,000,000

  • Wisconsin: $13,000,000

  • Wyoming: $3,000,000

LOANS
Percent of total loans made in each state

Amount of loans in each state

  • Alabama: $300,000

  • Alaska: $42,000,000

  • Arizona: $5,000,000

  • Arkansas: $5,000,000

  • California: $647,000,000

  • Colorado: $17,000,000

  • Connecticut: $51,000,000

  • District of Columbia: $130,000,000

  • Florida: $80,000,000

  • Georgia: $79,000,000

  • Hawaii: $2,000,000

  • Idaho: $100,000

  • Illinois: $85,000,000

  • Indiana: $700,000

  • Iowa: $8,000,000

  • Kansas: $35,000,000

  • Kentucky: $1,100,000

  • Louisiana: $3,000,000

  • Maine: $2,000,000

  • Maryland: $180,000,000

  • Massachusetts: $31,000,000

  • Michigan: $44,000,000

  • Minnesota: $16,000,000

  • Missouri: $15,000,000

  • Montana: $100,000

  • Nebraska: $4,000,000

  • Nevada: $5,000,000

  • New Hampshire: $6,000,000

  • New Jersey: $120,000,000

  • New Mexico: $400,000

  • New York: $4,822,000,000

  • North Carolina: $170,000,000

  • Ohio: $60,000,000

  • Oklahoma: $1,100,000

  • Oregon: $7,000,000

  • Pennsylvania: $49,000,000

  • Rhode Island: $100,000

  • South Carolina: $20,000,000

  • Tennessee: $6,000,000

  • Texas: $33,000,000

  • Utah: $800,000

  • Vermont: $11,000,000

  • Virginia: $70,000,000

  • Washington: $60,000,000

  • Wisconsin: $20,000,000

  • Wyoming: $2,000,000

 
 
This data is reported by National Cooperative Bank. Date reported: March 2020.

National Cooperative has a history of investing 71% - 78% of total dollars in the bank into communities, which is greater than the bank industry average

Percentage of total dollars invested in communities, over time

 
 
How exactly is money invested? Read more
When you bank with National Cooperative, more of your money is used to make loans for housing and business than average. Here's the share of total dollars in the bank invested in each sector:

  • Housing Loans: 40% (+216% vs industry avg)
  • Large Business Loans: 25% (+90% vs industry avg)
  • Small Business Loans: 4% (+30% vs industry avg)

  • The bank also finances other sectors, including:

  • Household Loans: 2%
  • Construction Loans: <1%
  • Small Farms Loans: <1%
  • The other 29% of total dollars in the bank is used for something other than community financing (like investments in bank branches and other financing).

    Read more about this data in our FAQ.
     

     

    See Your Money with National Cooperative Bank

     
    The curator behind Soapbox Project talks with Mighty about how she found National Cooperative, here
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    Get Started with National Cooperative Bank

    Specials

     

    Impact Money Market

    • 2.53% Annual Percentage Yield*

    • $100 to open

    • $25 monthly fee if balance falls below $5,000

    • Apply Online Now

    Impact Checking Account

    • 1.16% Annual Percentage Yield*

    • No minimum to open

    • $15 monthly fee if balance falls below $500

    • Apply Online Now

    6 Month Impact CD

    12 Month Impact CD

    *Updated June 24, 2022. Rates may change. Confirm most current rates and services available directly with bank.


     
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