ARLINGTON, VA — National Cooperative Bank (NCB), a leading financial services company dedicated to serving cooperatives nationwide, originated over $127 million in new loans for 663 residential unit owners by the end of the second quarter 2013.
“We are pleased to report strong financing activity at the midyear point for our residential lending teams throughout the country,” said Chris Goettke, NCB’s Director of Residential Lending. “We attribute the number of loans to a strengthening real estate market and still low interest rate environment, leading more buyers to purchase a home or current owners to refinance and take advantage of this attractive pricing.”
Lending activity highlights around the country include $54.8 million for residents on the West Coast; $29.2 million in new loan originations in the DC Metropolitan area; $23.6 million for the New York cooperative market; and $19.4 million to cooperatives located in other markets throughout the US.
NCB is dedicated to strengthening communities nationwide through the delivery of banking and financial services, complemented by a special focus on cooperative expansion and economic development. Headquartered in Washington, DC, the Bank has offices in Alaska, California, New York, Ohio and Virginia. To learn more, visit www.ncb.coop. National Cooperative Bank on Facebook, or on Twitter at coopbanking.
The NCB Financial Group consists of the Congressionally-chartered National Consumer Cooperative Bank (NCCB) and NCB, FSB, a federally insured savings bank wholly owned by NCCB. The NCB Financial Group provides financial products and services for the nation's cooperatives, their members, and socially responsible organizations.
The NCB Financial Group also works in a strategic alliance with NCB Capital Impact, a non-profit Community Development Financial Institution created under the same act of Congress as NCCB with particular focus on impacting low and moderate income communities.