National Cooperative Bank is headquartered in HILLSBORO and is the 12th largest bank in the state of Ohio. It is also the 340th largest bank in the nation. It was established in 1988 and as of March of 2025, it had grown to 325 employees at 1 location. National Cooperative Bank's money market rates are 6X the national average, and it has an A health rating.
Very Difficult To Access Your Funds
Had an account here for a year, tried to transfer funds out and, even though it's not mentioned in any of the documents, they have a $10k per month transfer limit. Tried to close the account and sent the money back to the account I funded it with - nope, can't do that. Ended up only being able to get a cashier's check sent snail mail (or FedEx for a fee) to withdraw my funds. And even that took multiple phone calls and forms filled out and returned.
If you're local, maybe ok, if not, I'd stay away.
Data as of Q1 2025
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 32612 |
| Year Established | 1988 |
| Employees | 325 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.16% |
| Return on Equity - YTD | 10.94% |
| Annual Interest Income | $52.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $3.91B$3.73B |
| Loans | Q1 2025vs Q1 2024 | $3.05B$2.71B |
| Deposits | Q1 2025vs Q1 2024 | $3.36B$3.06B |
| Equity Capital | Q1 2025vs Q1 2024 | $413.8MM$389MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $26.5MM$26.6MM |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $20MM$25.9MM |
| Real Estate Owned | Q1 2025vs Q1 2024 | $893K$911K |