FHLBank Chicago Director Elections

To serve as an Independent Director, each Independent Director nominee must satisfy the following eligibility criteria at all times including, if elected, throughout their term of service as director:

1. Be a citizen of the United States,
2. Be a bona fide resident of Illinois or Wisconsin, and
3. Meet one of the following qualifications based on the particular Independent Directorships sought:

• Independent Directorship: have knowledge of or experience in one or more of the following areas: auditing and accounting, derivatives, financial management, organizational management, project development, risk management practices, and the law.
• Public Interest Independent Directorship: have more than four years’ experience directly representing consumer or community interests in banking services, credit needs, housing, or consumer financial protections.

Please note that if a nominee is elected for an Independent Directorship, they will be prohibited from serving as an officer of any Federal Home Loan Bank or as a director, officer, or employee of any member of FHLBank Chicago or of any entity that receives advances from FHLBank Chicago, for the duration of their term of service on the FHLBank Chicago’s Board of Directors.

Residency requirements are subject to strict scrutiny and review, and supporting documentation may be requested to substantiate that the Independent Director applicant satisfies these residency requirements.