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NCDF
Northcountry Cooperative Development Fund (NCDF) is a cooperatively owned community-development loan fund committed to fostering economic democracy by investing in cooperative enterprises. Based in Minneapolis, Minnesota, NCDF currently serves more than 170 owner-members in 30 states, including natural food, consumer, producer, housing and worker-owned cooperatives. A federally certified Community Development Finance Institution (CDFI), NCDF creates opportunities for cooperatives and social investors to invest in the national cooperative movement, with an emphasis on community development within economically challenged and underserved communities. Since its founding in 1978, NCDF has originated over $31 million in cooperative financing. References External links * {{Official website, https://sharedcapital.coop/ Name changed to 'Shared Capital Cooperative' and website changed. Cooperatives in the United States ...
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Northcountry Cooperative Development Fund (NCDF) is a cooperatively owned community-development loan fund committed to fostering economic democracy by investing in cooperative enterprises. Based in Minneapolis, Minnesota, NCDF currently serves more than 170 owner-members in 30 states, including natural food, consumer, producer, housing and worker-owned cooperatives. A federally certified Community Development Finance Institution (CDFI), NCDF creates opportunities for cooperatives and social investors to invest in the national cooperative movement, with an emphasis on community development within economically challenged and underserved communities. Since its founding in 1978, NCDF has originated over $31 million in cooperative financing. References External links * {{Official website, https://sharedcapital.coop/ Name changed to 'Shared Capital Cooperative' and website changed. Cooperatives in the United States ...
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Community Development Financial Institution
A community development financial institution (US) or community development finance institution (UK) - abbreviated in both cases to CDFI - is a financial institution that provides credit and financial services to underserved markets and populations, primarily in the USA but also in the UK. A CDFI may be a community development bank, a community development credit union (CDCU), a community development loan fund (CDLF), a community development venture capital fund (CDVC), a microenterprise development loan fund, or a community development corporation. CDFIs are certified by the Community Development Financial Institutions Fund (CDFI Fund) at the U.S. Department of the Treasury, which provides funds to CDFIs through a variety of programs. The CDFI Fund and the legal concept of CDFIs were established by the ''Riegle Community Development and Regulatory Improvement Act of 1994.'' Broadly speaking, a CDFI is defined as a financial institution that: has a primary mission of community deve ...
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Minneapolis, Minnesota
Minneapolis () is the largest city in Minnesota, United States, and the county seat of Hennepin County. The city is abundant in water, with thirteen lakes, wetlands, the Mississippi River, creeks and waterfalls. Minneapolis has its origins in timber and as the flour milling capital of the world. It occupies both banks of the Mississippi River and adjoins Saint Paul, the state capital of Minnesota. Prior to European settlement, the site of Minneapolis was inhabited by Dakota people. The settlement was founded along Saint Anthony Falls on a section of land north of Fort Snelling; its growth is attributed to its proximity to the fort and the falls providing power for industrial activity. , the city has an estimated 425,336 inhabitants. It is the most populous city in the state and the 46th-most-populous city in the United States. Minneapolis, Saint Paul and the surrounding area are collectively known as the Twin Cities. Minneapolis has one of the most extensive public par ...
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Executive Director
Executive director is commonly the title of the chief executive officer of a non-profit organization, government agency or international organization. The title is widely used in North American and European not-for-profit organizations, though many United States nonprofits have adopted the title president or CEO. It generally has the same meaning as CEO or managing director. The title may also be used by a member of a board of directors for a corporation, such as company, cooperative or nongovernmental organization, who usually holds a managerial position with the corporation. In this context the role is usually contrasted with a non-executive director who usually holds no executive, managerial role with the corporation. However, there is much national and cultural variation in the exact definition of an executive director. United Nations The title is used for the chief executive officer of several UN agencies, such as UN Women. United States In the US, an executive dire ...
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Cooperative Banking
Cooperative banking is retail and commercial banking organized on a cooperative basis. Cooperative banking institutions take deposits and lend money in most parts of the world. Cooperative banking, as discussed here, includes retail banking carried out by credit unions, mutual savings banks, building societies and cooperatives, as well as commercial banking services provided by mutual organizations (such as cooperative federations) to cooperative businesses. A 2013 report by ILO concluded that cooperative banks outperformed their competitors during the financial crisis of 2007–2008. The cooperative banking sector had 20% market share of the European banking sector, but accounted for only 7% of all the write-downs and losses between the third quarter of 2007 and first quarter of 2011. Cooperative banks were also over-represented in lending to small and medium-sized businesses in all of the 10 countries included in the report. Credit unions in the US had five times lower failure ...
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