National Consumer Cooperative Bank Act Amendments of 2009

This bill updates the rules governing the National Consumer Cooperative Bank (NCB) to officially designate its nonprofit affiliate as a "community development financial institution" (CDFI). This designation allows the nonprofit to more easily access federal resources and tax credits intended to support economic growth in underserved areas. For everyday citizens, this change is designed to increase the availability of loans and technical assistance for community-owned businesses, such as housing cooperatives, credit unions, and community health centers.