The formal application documents and supplementary information that are requested help the FHLB Chicago'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.
Overview
of the Application Process
1. The institution submits a Membership
Application package to the Federal Home Loan Bank of Chicago.
Before beginning the application process, the applicant
may choose to have the FHLB Chicago review their institution's
assets to determine the extent to which those assets can
serve as collateral for FHLB Chicago advances.
2. The FHLB Chicago reviews the application for completeness.
3. Once the application is complete, FHLB Chicago staff determines whether the institution meets all statutory eligibility requirements and underwriting review standards. If additional justification is necessary, FHLB Chicago staff works with the institution to obtain it.
4. Once approved, FHLB Chicago 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.
Member
Applications
Is your institution ready to join
the Federal Home Loan Bank of Chicago? Please click on the
appropriate membership application below to view or print
the application that matches your institution type.
Commercial
Bank (.pdf)
Credit Union (.pdf)
Insurance Company (.pdf)
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:
Federal
Home Loan Bank of Chicago
Member Relationship Management
111 East Wacker Drive
Chicago, IL 60601
Or fax the application to: (312) 565-5827.
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