National Cooperative Bank of the United States has made a donation of $75,000 to the Coop Development Foundation. The donation has been made in the memory of Chuck Snyder, who is held as a long-time advocate and supporter of CDF.
This was revealed in a tweet from the NCB. The tweet read “NCB is honored to make a $75,000 donation to @CoopFoundation in memory of Chuck Snyder. Chuck was a long-time advocate and supporter of CDF and this donation will provide CDF funds for education and co-op development work to help marginalized communities nationwide.”
The Cooperative Development Foundation is a 501 charitable organization engaged in cooperative development in the United States. CDF administers revolving loan funds, provides grants, and fosters economic development through the formation of cooperatives.
National Cooperative Bank is the only bank in the United States dedicated to delivering nationwide banking products and solutions to cooperatives and other member-owned organizations to help communities thrive.