PODCAST: Engaging with the FHLBank System

What is the Federal Home Loan Bank System? What is the Federal Housing Finance Agency looking for in its review of the system? What will the agency suggest in its impending report? And how can credit union advocacy make a difference?

Council of Federal Home Loan Banks President/CEO Ryan Donovan, CUNA’s former chief advocacy officer, rejoins the CUNA News Podcast to answer those questions and more.

“The agency undertook this review to, in their words, ensure that the home loan banks remain positioned to meet the needs of today and tomorrow as the system approaches its centennial in 2032,” Donovan says. “In a lot of respects, it's the same game, just a different regulator. But for credit unions, it's an additional regulator who could change how they access liquidity. It's important for credit unions to remain engaged.”

Listen to the full conversation between Donovan and CUNA Digital Media Design Specialist Yeekeng Yang to hear why credit union engagement is essential, how credit unions can become FHLBank System members, and how the system serves financial institutions, homeowners, and communities.

You can listen to the CUNA News Podcast in Apple’s iTunes Store, Google Podcasts, Pandora Podcasts, Spotify, and YouTube.

In this episode:

0:48: Episode introduction.

1:29: Ryan Donovan intro.

2:18: What is the Federal Home Loan Bank System?

4:35: The relationship between credit unions and the FHLBank System.

5:33: The Federal Home Loan Bank System’s review of the system.

8:45: What to expect from the FHFA’s impending report.

10:15: The relationship between credit unions and the FHLBank System.

12:55: How FHLBank members can advocate for the system.