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.






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.