Pricing Supplement dated: February 25, 1997 Rule 424(b)(3)
(To Prospectus dated January 24, 1997 and File No. 333-17003
Prospectus Supplement dated January 28, 1997)
NATIONAL CONSUMER COOPERATIVE BANK
Medium-Term Notes
Due from 9 Months to 30 Years from Date of Issue
Fixed Rate
_________________________________________________________________
Principal Amount: $12,500,000 Interest Rate: 6.70% per annum
Underwriters Discount or Commission: $62,500 (.5%)
Stated Maturity Date: February 28, 2002
Net Proceeds to Issuer: $12,437,500 (99.5%)
Original Issue Date: February 28, 1997
_________________________________________________________________
Interest Payment Dates:
x January 15 and July 15 and at the Stated Maturity Date
Other _________ and _________
Redemption:
x The Notes cannot be redeemed prior to the Stated
Maturity Date.
The Notes can be redeemed prior to the Stated Maturity
Date.
Initial Redemption Date:
Initial Redemption Percentage:
Annual Redemption Percentage Reduction: _______% until
Redemption Percentage is 100% of the Principal Amount.
Optional Repayment:
x The Notes cannot be repaid prior to the Stated Maturity
Date.
The Notes can be repaid prior to the Stated Maturity Date
at the option of the holder of the Notes.
Option Repayment Dates:
Currency:
Specified Currency: U.S. Dollars
(if other than U.S. dollars, see attached)
Minimum Denominations:
(applicable only if Specified Currency is other than U.S.
dollars)
Original Issue Discount: Yes x No
Total Amount of OID:
Yield to Maturity:
Initial Period:
Agent: Goldman, Sachs & Co.
Morgan Stanley & Co. Incorporated
Other ________________
If as Principal: (Morgan, Stanley & Co. Incorporated)
x The Notes are being offered at varying prices
related to prevailing market prices at the time of
resale.
The Notes are being offered at a fixed initial
public offering price of 100% of Principal Amount.
If as Agent:
The Notes are being offered at a fixed initial public
offering price of ____% of Principal Amount.
Other Provisions:
Terms are not completed for certain items above because such
items are not applicable.
<PAGE>
Pricing Supplement dated: February 25, 1997 Rule 424(b)(3)
(To Prospectus dated January 24, 1997 and File No. 333-17003
Prospectus Supplement dated January 28, 1997)
NATIONAL CONSUMER COOPERATIVE BANK
Medium-Term Notes
Due from 9 Months to 30 Years from Date of Issue
Fixed Rate
_________________________________________________________________
Principal Amount: $12,500,000
Interest Rate: 6.70% per annum
Underwriters Discount or Commission: $62,500 (.5%)
Stated Maturity Date: February 28, 2002
Net Proceeds to Issuer: $12,437,500 (99.5%)
Original Issue Date: February 28, 1997
_________________________________________________________________
Interest Payment Dates:
x January 15 and July 15 and at the Stated Maturity Date
Other _________ and _________
Redemption:
x The Notes cannot be redeemed prior to the Stated
Maturity Date.
The Notes can be redeemed prior to the Stated Maturity
Date.
Initial Redemption Date:
Initial Redemption Percentage:
Annual Redemption Percentage Reduction: _______% until
Redemption Percentage is 100% of the Principal Amount.
Optional Repayment:
x The Notes cannot be repaid prior to the Stated Maturity
Date.
The Notes can be repaid prior to the Stated Maturity Date
at the option of the holder of the Notes.
Option Repayment Dates:
Currency:
Specified Currency: U.S. Dollars
(if other than U.S. dollars, see attached)
Minimum Denominations:
(applicable only if Specified Currency is other than U.S.
dollars)
Original Issue Discount: Yes x No
Total Amount of OID:
Yield to Maturity:
Initial Period:
Agent: Goldman, Sachs & Co.
Morgan Stanley & Co. Incorporated
Other ________________
If as Principal: (Goldman, Sachs & Co.)
x The Notes are being offered at varying prices
related to prevailing market prices at the time of
resale.
The Notes are being offered at a fixed initial
public offering price of 100% of Principal Amount.
If as Agent:
The Notes are being offered at a fixed initial public
offering price of ____% of Principal Amount.
Other Provisions:
Terms are not completed for certain items above because such
items are not applicable.
