The Board of Directors of the Federal Home Loan Bank of Chicago is responsible for overall management and oversight of FHLBank Chicago pursuant to the Federal Home Loan Bank Act. Like each of the other FHLBanks, our Board of Directors is composed of two types of directors: member and independent. For 2025, there are ten directors elected by our members and serve to represent our members in Illinois and Wisconsin. For 2025, there are eight independent directors, whose positions are filled through a District-wide nomination and election process. Generally directors serve four-year terms.
Our 2025 Director Election schedule is below and is also available as a PDF. Please check back soon for more 2025 Director Election information and announcements.
Member and Independent Director 2025 Election Schedule
Please see FHLBank Chicago's 2025 Member and Independent Director Election Schedule below. The deadline for member director nomination certificates and independent director applications is by 5 p.m. CT, July 11, 2025.
| June 9 | Approximate start of the 2025 Election of Federal Home Loan Bank of Chicago Member and Independent Directors. Nomination process opens for member institutions in the voting states for 2025. |
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| July 11 | Member Director Nomination deadline. All nominations for member director must be received by 5 p.m. CT, July 11, 2025. |
| July 11 | Independent Director Application deadline. All applications for independent directorship must be received by 5 p.m. CT, July 11, 2025. |
| August 13 | Member Director nominee acceptance deadline. Candidates running for election must return the completed Member Director Eligibility Form. All forms must be received by 5 p.m. CT, August 13, 2025. |
| September 3 | Independent Director nominees will be confirmed. Applicants who submitted applications for independent directorship will be notified of ballot placement determination. |
| September 8 | Approximate date when Member and Independent Director ballots will be sent to eligible member institutions in the designated voting states for 2025. |
| October 9 | Voting deadline. Ballots must be received by 5 p.m. CT, October 9, 2025. The Federal Home Loan Bank of Chicago will announce the results of the 2025 Election of Federal Home Loan Bank of Chicago Member and Independent Directors once the results have been confirmed. Newly elected Directors take office January 1, 2026. |
For further information on the election of directors for FHLBank Chicago, please contact Dana Gibbs, Vice President, Sr. Manager, Regulatory Affairs, at 312.565.5317 or directorelections@fhlbc.com.