Community Investment Spotlight

The FHLBC’s financial performance remained strong in 2016. As a member-owned and member-focused cooperative, we used this strength for your benefit. Here, we highlight several initiatives and accomplishments supportive of our members.

5th Avenue Lofts: Breathing New Life Into the Community


Wisconsin Counties Supported by FHLBC Community First® Disaster Relief Aid

FEMA Maps

89 events with Community Investment partners

Increased Outreach Efforts

FHLBC Community Investment staff sponsored, hosted, or participated in 89 conferences, events, ribbon cuttings, webinars, and workshops. They expanded awareness, knowledge, and relationships with our members, partners, and supporters. Additionally, 1,200 people registered for a Community Investment webinar or workshop in 2016.


Nearly $40 million committed to Community First Fund partners

Community First® Fund Commitments

The FHLBC had committed almost $40 million of the Community First Fund at year-end 2016, plus we added two new fund partners. The Community First Fund is a $50 million revolving loan fund that provides direct support to community development financial institutions, community development loan funds, and state housing finance agencies serving Illinois and Wisconsin.


Jonathan Brereton, CEO, Accion Chicago

Meet Our Newest Partner: Accion Chicago

“This partnership with the Community First Fund will help us meet the growing demand for small business loans in Illinois. By providing loans up to $100,000 to qualified borrowers, we fill a gap in the credit market. Without Accion, and the support of the Community First Fund, many of the region’s budding entrepreneurs and promising start-ups would be pushed toward predatory lending companies or stranded without access to credit.”

Jonathan Brereton
CEO, Accion Chicago


Jonathan Brereton, CEO, Accion Chicago

From Accion Chicago to DLV Printing: Funding a Dream Business

Accion Chicago provided a $50,000 loan to Vernita Johnson to purchase a new location for her growing printing business, DLV Printing. The story of DLV Printing began in 1991 when co-founder and President Vernita took a piece of paper and wrote down the word “Deliver.”

“As in, ‘deliver me from this job’’” she says. She left her job at a large printing firm to pursue her dream of owning her own printing company. With the help of her two sisters, Denise and Laverne, she began printing business cards out of a bedroom that was converted into a home office. Vernita noticed that the word “deliver” contained the first initials of the three sisters’ names, and thus DLV Printing was created.

As the business grew, DLV Printing’s services expanded to include a variety of offset printing and embroidery on paper and clothing products such as letterhead, invitations, envelopes, stationery, t-shirts, and school uniforms. Today DLV Printing is one of the premier one-stop-shop printing companies based in Chicago’s Austin neighborhood in a larger facility made possible through the loan from Accion. From its humble beginnings, DLV Printing has doubled in staff and they now supply uniforms to more than 50 Chicago schools.

Meet Our Community First® Fund Partners

Wisconsin Women's Business Initiative Corporation
Chicago Community Loan Fund
Community Investment Corporation
CRF
Forward Community Investments
IFF
Impact Seven
Wisconsin Women's Business Initiative Corporation