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Northcountry Cooperative Development Fund

About NCDF


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NCDF's Mission: "Investing in Economic Democracy Through Cooperative Enterprise"

Northcountry Cooperative Development Fund (NCDF) 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 170 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.


NCDF was started in 1978 when several Twin Cities area natural food consumer and worker cooperatives pooled about $4,000 of their savings to form their own revolving loan fund. At that time, NCDF was known as North Country Development Fund. Their aim was to establish a self-help loan fund that would encourage the growth and development of community-owned cooperative enterprises throughout the upper Midwest. Since its founding as one of the first such community development loan funds in the country, Since its founding in 1978, NCDF has originated over $31 million in cooperative financing to consumer, worker, housing and producer cooperatives and their members throughout the US.

NCDF Board of Directors


Co-op Affiliation

Megan Teare
Wells Fargo

Wedge Community

Dave Swanson
Dorsey and Whitney

Lakewinds Natural Foods

Sharon Barber
Wedge Community Co-op

Heartland Credit Union

Roy Berger
Mississippi Market

Mississippi Market

John McNamara 
Union Cab Cooperative

Union Cab Cooperative

John Flory
Latino Economic

Cooperativa Mercado Central

Elka Malkis
Wedge Community Co-op

Wedge Community

Cecil Wright
CROPP Cooperative

CROPP Cooperative

Tom Pierson


Melissa Hoover
US Federation of Worker Cooperatives

US Federation of Worker Cooperatives

Barbara Broen
Independent Consultant

Individual Representative

Click here for more information on membership.

View a list of NCDF Investors and Contributors.



Copyright © Northcountry Cooperative Development Fund
219 Main Street SE, Suite 500, Minneapolis, MN 55414
Office Phone: (612) 331-9103; fax: (612) 454-2699; general e-mail: