Invest in Cooperatives

At least one person in our group has invested in Northcountry Cooperative Development Fund (NCDF). It’s great! Northcountry Cooperative Development Fund 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 175 co-op 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.

Recent Loans
Bloomington Cooperative Living, Bloomington, Indiana

$400,000 from NCDF as part of a $500,000 package that includes Religious Communities Investment Fund and KSCR Fund (administered by NCDF).  The loan was used to purchase and renovate the first home owned by the co-op, which will expand the housing available to students and community members
$160,000 to refinance their mortgage and make upgrades to their building.
Isla Vista Food Co-op, Isla Vista, California
$200,000 as part of the financing package with NCB for the $1,625,000 purchase of their building.
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