National Cooperative Bank
National Cooperative Bank provides comprehensive banking products and services to cooperatives and other member-owned organizations throughout the country. What makes NCB unique is that the bank was created to address the financial needs of an underserved market niche- people who join together cooperatively to meet personal, social or business needs, especially in low-income communities.
The Board of Directors of National Cooperative Bank (NCB) is pleased to announce the appointment of Casey Fannon as the bank's new Chief Executive Officer. Mr. Fannon has been serving as the Acting CEO of NCB since the sudden death of the bank's former CEO, Chuck Snyder, in November. "The Board of Directors is pleased to announce that we have unanimously approved Casey Fannon as NCB's Chief Executive Officer effectively immediately," stated Debra Huddleston, Chair of NCB's Board of Directors. "In his 25 years at the bank, Casey has demonstrated the expertise, commitment, and passion to lead NCB into the future. The Board has great trust in Casey's leadership and we look forward to working with him in advancing NCB's mission." Since joining NCB in 1996, Mr. Fannon has dedicated his entire career to National Cooperative Bank and has served as its President since March 2020 and Acting CEO since November 2021.
US policymakers have been urged by a senior co-op figure to invest more in Community Development Financial Institutions (CDFIs) at a hearing last week. The comments, from John Holdsclaw IV, executive vice president of strategic initiatives at the National Cooperative Bank, were reported in a blog post from co-op sector body NCBA-CLUSA. The hearing was focused on how CDFIs enhance economic opportunities in underserved communities, and looked for ways the federal government can better support their work. The Senate Banking Subcommittee on Transportation, Housing and Community Development heard Mr Holdsclaw urge Congress to increase annual funding to USD$1bn for the CDFI Fund, among other priorities.
National Cooperative Bank (NCB), a leading financial services company dedicated to providing banking products and services to cooperatives, their members, and socially responsible organizations nationwide, announces Casey Fannon as Acting Chief Executive Officer. "With the sudden passing of Chuck Snyder, NCB's CEO of 29 years on November 6, 2021, NCB and the co-op community have suffered a major loss," stated Debra Huddleston, Chair of NCB's Board of Directors. "We are however very fortunate with the leadership strength of the bank, and I am pleased to announce that the Board of Directors has unanimously approved Casey Fannon as Acting Chief Executive Officer of NCB. The Board has great trust in Casey and his commitment to NCB in serving the co-op community nationwide."