National Cooperative Bank


Overview / Commentary
937-393-4246
139 South High Street
Hillsboro, OH 45133

National Cooperative Bank is headquartered in Hillsboro and is the 13th largest bank in the state of Ohio. It is also the 360th largest bank in the nation. It was established in 1988 and as of June of 2020, it had grown to 332 employees at 1 location. National Cooperative Bank's money market rates are 2X the national average, and it boasts an A+ health rating.

Related Posts

On 10/1, The Highest Nationally Available Savings Or MM Rate Will Be 1.00% APY - 9/26/2020

National Cooperative Bank just cut its MM rate from 1.11% to 0.91% APY. With this rate cut, on 10/1, when the Customers Bank MM acct rate drops to 0.80%, the highest nationally available savings or MM acct rate, without any special requirements in order to receive the rate, will be 1.00%.  https://www.ncb.coop/personal-banking/savings-accounts

1.52% APY Money Market Acct - National Cooperative Bank - 5/30/2020

https://www.ncb.coop/personal-banking/checking-accounts Who would have thought just 3-4 months ago that 1.52% would be a very competitive savings acct rate? Well, unfortunately, now it is! A $5000 minimum balance is required in order to avoid a $25 monthly service charge. If anyone reads about this promotion and posts it at their own website, credit should be given to DA for the find. Otherwise, you have no class whatsoever.

Reviews (2)

My local bank

Posted by: |

I used to use this bank, before switching to an online one. I very much enjoyed it while I did have it. They were always very helpful, and the website was easy to use without issues. They did have some fees, but they were much lower than other bigger banks you might use. I moved further away, so I stopped using them, since they aren't in too many locations. If you lost a card, they would also replace it very quickly, but if you wanted checks, you had to pay a good big of money.

Is This Really A Bank?

Based on MMA interest rates, I opened an online "Impact" MMA, which was funded by ACH as part of the application process.
Thereafter, I opened an online banking account and was stunned to find no facility for making transactions/transfers with other financial institutions. I called today and customer service confirmed that they do not offer ACH !!!
I asked how I could make additional deposits and the answer was:
1. send a check
2. wire funds (their fee disclosure schedule indicates this would cost $25 per
3. push (or pull) from another financial institution.

The latter is always an alternative to consider, but I could not find NBC's routing number on their website and had to ask.

Everything considered, this is really not a customer friendly place for one's savings. Their limited banking features are not disclosed. No wonder they have to offer a higher rate.

I must add that the online application process worked smoothly. Before starting the application, they indicate information one should have ready (e.g., SS#, DL#) However, they do not mention that at the end of the application one needs to attach copies of the Drivers License and one utility bill. If one does not already have copies of these in electronically transferable form, this is a bad time to find that you have go scan or download this information!



Health
A+

Health Grade Components

Overall
FDIC Certificate #32612
Year Established1988
Employees332
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.72%
Return on Equity - YTD6.66%
Annual Interest Income$54.2MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$2.85B$2.64B
LoansQ2 2020vs Q2 2019$2.21B$1.98B
DepositsQ2 2020vs Q2 2019$2.45B$2.24B
Equity CapitalQ2 2020vs Q2 2019$306.4MM$289.4MM
Loan Loss AllowanceQ2 2020vs Q2 2019$23.0MM$16.4MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$8.8MM$10.8MM
Real Estate OwnedQ2 2020vs Q2 2019$272.00K$6.3MM
Rates
Skip to rates for:
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not National Cooperative Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

National Cooperative Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.91%--Impact Money Market

National Cooperative Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%--Impact Checking

National Cooperative Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.65%$2.5k-12 Month Impact CD
Locations


National Cooperative Bank Locations
Ncb, FSB139 South High StreetHillsboro, OH 45133

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.