Northcountry Cooperative Development Fund

Borrow from the Fund

Cooperative Home Loans

NCDF and NCFCU can help you purchase your cooperative home! We are some of the only lenders in the Midwest that provides share loans for individuals to buy into a cooperative housing community, and cooperative home equity loans for home improvements. Because we are a co-op of co-ops ourselves, we understand the unique ownership and governance structure of housing cooperatives, and the benefits that housing co-ops provide to their communities.

To apply for a share loan follow these five simple steps:

Step 1: Find out if your cooperative is an Approved Lending Site here.

If the cooperative is not on the list, a representative of that cooperative can download an Approved Site Application here. A cooperative must be an Approved Lending Site to be eligible for share loans.

Step 2: Check that you meet all membership requirements of the housing cooperative you want to join.

Step 3: Click here for a cooperative share loan application. Fill it out and mail it, email it, fax it or drop it off at the office.

Step 4: Patiently wait 3-5 days for our loan technician to process the loan application.

Step 5: Enjoy your new cooperative home!

For information on rates, requirements, or any specific questions about the applications, please contact Timeka Kuhnley at (612) 767-2115 or by email.