POWER OF ATTORNEY

                 Know all men by these presents:

                 That I Peter C. Young                           ,

of Area Cooperative Educational Services, 205 Skiff Street, Hamden,
CT, 06517-1095, a member of the Board of Directors of THE NATIONAL
CONSUMER COOPERATIVE BANK, do hereby make, constitute and appoint
as my true lawful attorney in fact Richard L. Reed or Louise M.
Grant for me and in my name, place and stead to sign any and all of
the following and amendments thereto executed on behalf of THE
NATIONAL CONSUMER COOPERATIVE BANK and filed with the Securities
and Exchange Commission, as follows:

Annual Reports on Form 10-K for the NATIONAL CONSUMER COOPERATIVE
BANK.


     IN WITNESS WHEREOF, I have hereunto set my hand this       day

of                       ,                 .



                                         
Signature


State of                         )
                                   )         SS:  
County of                        )

     On this           day of                  ,         , before
me personally appeared the above, to me known and known to me to be
the person mentioned and described in and who executed the
foregoing instrument and he duly acknowledged to me that he
executed the same.



                                
Notary Public

My Commission expires: