FHLB Des Moines is committed to providing low-cost housing and economic development funding to more than 1,200 stockholder members in the five-state district of Iowa, Minnesota, Missouri, North Dakota and South Dakota. FHLB Des Moines is a wholesale cooperative bank – a key financial resource for its members which include commercial banks, savings institutions, credit unions and insurance companies.
The Bank provides a reliable source of short-term and long-term, competitively priced funding. Members, in turn, use this funding to finance mortgages, home equity loans, commercial real estate, small business, rural and agricultural loans and for other local lending needs.
Community development programs including an Affordable Housing Program, Community Investment Program, Rural Homeownership Fund, Native American Homeownership Initiative and the Urban First-time Homebuyer Fund serve as important components in building neighborhoods and strengthening communities. No other financial organization fulfills this critical range of services for members and their communities.
Members of FHLB Des Moines benefit from a range of funding products, the ability to better manage liquidity needs and the opportunity to partner with the Bank on affordable housing, economic development initiatives. Accessibility, streamlined delivery, affordable housing, educational opportunities and seminars further demonstrate the Bank’s commitment to its members.
Keywords: Wholesale Banking
Cooperative
Government Sponsored Enterprise