Name: Federal Home Loan Bank of Chicago
Item: Federal Home Loan Bank of Chicago
Author: derek_templeton

Company Bio

The Federal Home Loan Bank of Chicago is a wholesale bank and one of 11 district banks chartered in 1932 by the U.S. Congress to improve the availability of funds to support home ownership. The FHLB Chicago is a member-owned cooperative serving members in Illinois and Wisconsin. All federally insured depository institutions, insurance companies engaged in residential housing finance, credit unions, and community development financial institutions located in these areas are eligible to apply for membership.

Statement of Diversity

The Federal Home Loan Bank of Chicago (FHLBC) seeks opportunities to affect change and progress in the diversity and inclusion space in the mortgage industry. The FHLBC is part of a Federal Home Loan Bank System-wide diversity and inclusion initiative composed of leadership from the Office of Minority and Women Inclusion at each bank. The bank encourages employees and bank leadership to pursue individual membership in diversity-oriented organizations and programs. For instance, one employee serves on the board of the Illinois Diversity Council. One board member is active with Chicago Scholars and has also engaged with diversity and inclusion programs at other financial institutions. A second board member is a co-founder of the Midwest’s premiere diversity and inclusion consulting firm. It is most important to FHLBC that employees and bank leadership take a strong interest in diversity and inclusion. In addition, the Community Investment Group of the FHLB Chicago provides financing and direct funding tools that support the affordable housing and local community lending initiatives of our members. By using Community Investment Group products individually or in combination, FHLB members and their community partners can create economically competitive solutions that contribute to the quality of life in the communities they serve.

Federal Home Loan Bank of Chicago

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