Any new regulatory changes to Federal Home Loan Bank (FHLBank) membership should not negatively impact credit unions’ ability to access liquidity or obtain FHLBank membership, CUNA wrote to the Federal Housing Finance Agency (FHFA) Tuesday. The FHFA issued a request for information that included a series of questions about FHLBank membership.
“America’s credit unions benefit from being a part of the FHLBank System. FHLB-member credit unions have $1.4 trillion in total assets, making up 88% of total credit union assets,” the letter reads. “The FHLBank partnerships are important for these credit unions, as FHLBanks provide credit union members with funding and liquidity to be effective lenders in their communities.”
Highlights of the letter include: