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| Becoming a Member |
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The formal application documents and supplementary information that are
requested help the Chicago FHLB's underwriting staff determine membership
eligibility. For questions regarding the membership application process or
membership requirements, please call the New Member Coordinator at (312) 565-5375.
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| Overview of the Application Process |
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- The institution submits a Membership Application package to the Chicago
Federal Home Loan Bank. Before beginning the application process, the applicant may choose to
have the Chicago FHLB review their institution's assets to determine the
extent to which those assets can serve as collateral for Chicago FHLB advances.
- The Chicago FHLB reviews the application for completeness.
- Once the application is complete, Chicago FHLB staff determines whether the institution
meets all statutory eligibility requirements and underwriting review standards. If additional
justification is necessary, Chicago FHLB staff works with the institution to obtain it.
- Once approved, Chicago FHLB staff works with the applicant's staff to make sure all necessary forms
are submitted and the stock purchase is completed within 60 calendar days of approval.
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| Member Applications |
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Is your institution ready to join the Chicago Federal Home Loan Bank? Please
click on the appropriate membership application below to view or print the
application that matches your institution type.
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 | Commercial Bank |
| Credit Union |
| Insurance Company |
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If you have questions about the applications, please call the New Member
Coordinator at (312) 565-5375. Once you have completed your application,
please send it to:
Chicago Federal Home Loan Bank
Member Relationship Management
111 East Wacker Drive
Chicago, IL 60601
Or fax the application to: (312) 565-5827.
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