Federal Home Loan Bank of Des Moines awards nearly $20 million to support communities through the Member Impact Fund
The Federal Home Loan Bank of Des Moines (FHLB Des Moines) joined efforts with 94 financial institution members to provide nearly $20 million to hundreds of non-profit and government organizations.
- The Federal Home Loan Bank of Des Moines (FHLB Des Moines) joined efforts with 94 financial institution members to provide nearly $20 million to hundreds of non-profit and government organizations.
- The Member Impact Fund is one way FHLB Des Moines supports a strong community banking system, which is foundational to a thriving community.
- The more than 500 grants combining both member institutions and FHLB Des Moines awards range from $10,000 to $5.13 million, bringing the total awarded to more than $26 million.
- U.S territories: $20,000 was awarded to each U.S. territory
FHLB Des Moines created the Member Impact Fund in 2023 to provide support and funding to targeted communities within its district.