National Cooperative Bank (NCB), a leading financial institution dedicated to providing banking solutions to cooperatives and socially responsible organizations nationwide, is pleased to announce a $5 million subordinated debt loan to EFCU Financial.
EFCU Financial, a low-income designated credit union with over 55,000 members is headquartered in Baton Rouge, LA, and was the 13th chartered credit union in the United States. The subordinated debt provided by NCB will be used to support the future growth of EFCU in its geographic footprint and provide tools and resources to bolster its resiliency exiting the COVID-19 pandemic.
