UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT Pursuant to Section 13 ORor 15(d) of ~~The~~the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): ~~March~~October 1525, 2010

National Consumer Cooperative Bank (Exact name of registrant as specified in its charter)

(Exact name of registrant as specified in its charter)


United States of America (12 U.S.C. section 3001 et seq.)	2-99779	52-1157795
(State or other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

United States of America (12 U.S.C. section 3001 et seq.)	2-99779	52-1157795
601 Pennsylvania Avenue, N.W., North Building, Suite 750Washington, D.C.	20004
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)
(Address of Principal Executive Offices)	(Zip Code)

601 Pennsylvania Avenue, N.W., North Building, Suite 750 Washington, D.C.		20004
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (202) 349-7444

(Former name or former address if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

OnItem ~~March 15, 2010, the National Consumer Cooperative Bank (“NCCB”) entered into an agreement with the Office of Thrift Supervision (“OTS”)~~1.01 ~~The~~Final ~~agreement,~~Payment ~~a Stipulation and Consent to Order to Cease and Desist and its associated regulatory order, requires the submission~~ of ~~strategic~~Senior and other business plans for the period 2010-2011. In addition, the agreement requires that NCCB notify and obtain OTS consent prior to undertaking certain activities, including raising senior executive officer compensation, issuing dividends, or incurring additional debt. NCB Financial Corporation, a wholly-owned non-operating subsidiary of NCCB, entered into a similar consent agreement and is subject to a similar order (together with the NCCB order, the “NCCB/NCBFC Orders”) containing similar restrictions. Debt

AtOn ~~the same time~~October 25, ~~NCB~~2010, ~~FSB,~~the ~~which~~National isConsumer ~~wholly~~Cooperative ~~owned~~Bank by(“NCCB”) ~~NCB~~paid ~~Financial~~off ~~Corporation,~~the ~~entered~~final ~~into~~$29.7 million ain outstanding ~~Supervisory~~principal ~~Agreement~~and ~~with~~accrued ~~the~~interest ~~OTS~~under ~~that~~its ~~similarly~~two ~~requires~~senior ~~the~~debt ~~submission~~arrangements ~~of strategic and related plans for~~ (the ~~2010-2011 planning period. The NCB~~May 1, ~~FSB~~2006 ~~Supervisory~~revolving ~~Agreement~~credit ~~requires~~facility ~~that~~with ~~NCB, FSB~~a ~~notify~~syndicate ~~and~~of ~~obtain~~banks, ~~OTS~~with ~~consent~~SunTrust ~~prior~~Bank toas ~~undertaking~~administrative ~~certain~~agent ~~activities,~~and ~~including~~the ~~raising senior executive officer compensation~~December 28, ~~increasing~~2001 ~~asset~~Note ~~size,~~Purchase orand ~~issuing dividends. There is no~~Uncommitted ~~regulatory~~Master ~~order~~Shelf ~~associated with the NCB, FSB Supervisory~~ Agreement).

~~NCB,~~NCCB ~~FSB~~had ~~remains~~amended ~~“well-capitalized”~~each ~~for~~debt ~~all~~agreement ~~regulatory~~in ~~purposes~~February ~~and~~to ~~the~~provide ~~agreements~~for doa ~~not~~final ~~require that~~maturity ~~NCCB~~date orof ~~NCB~~December 15, ~~FSB~~2010. ~~raise~~NCCB ~~outside~~made the ~~capital~~final orpayments ~~maintain~~more athan ~~specified~~seven ~~capital~~weeks ~~level~~ahead orof ~~other financial~~the ~~metrics.~~final ~~The~~maturity ~~agreements~~date ~~arise~~in ~~from~~order ~~the~~to ~~most~~reduce ~~recent~~the ~~OTS~~interest ~~examinations~~expense ~~of NCB, FSB and~~that ~~NCCB,~~had ~~which~~been ~~were~~accruing ~~conducted~~under ~~during~~each ~~the~~facility ~~summer~~at ~~of 2009~~13.5%.

~~Failure~~The tofinal ~~comply~~payment ~~with~~reflects ~~the~~a ~~agreements~~total ordebt ~~associated~~reduction by NCCB~~/NCBFC~~ ~~Orders~~of ~~could~~over ~~result~~$215.5 million insince ~~additional~~the fourth quarter of 2009 and ~~action~~releases byNCCB ~~the~~of ~~OTS~~all orremaining ~~other~~covenants ~~regulators~~under the agreements.

~~Item 9~~The repayment of the senior debt was funded principally by asset sales.01 ~~Financial~~The ~~Statements~~other principal sources were amortization and ~~Exhibits~~payments under NCCB’s existing portfolio of loans and a $23 million structured financing of a $29 million loan pool.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	NATIONAL CONSUMER COOPERATIVE BANK
Date: March 19, 2010	By:	/s/ Richard L. Reed
		Richard L. Reed
		Executive Managing Director, Chief Financial Officer

NATIONAL CONSUMER COOPERATIVE BANK

Date: October 28, 2010

By: /s/ Richard L. Reed
Richard L. Reed
Executive Managing Director,
Chief Financial Officer

Filing Compare · NATIONAL CONSUMER COOPERATIVE BANK /DC/