Real Stories of Financial Strength Backed by FHLBank Chicago

The impact we make helping financial institutions and their communities is only as strong as our partnership. See what our members and community partners are saying.

Empowering Members with Reliable Liquidity and Funding Solutions

 

“When we have lower rate advances from the Federal Home Loan Bank of Chicago, we can offer a lower rate to our loan customer. The more competitive we can get on the funding side, the more competitive we can get on the asset side for that loan customer as well.”

Ami Myrland, President and CFO, Capitol Bank 

Ami Myrland, President and CFO, Capitol Bank gives testimonial

Investing in Communities, Fueling Economic Growth

“We have used the Community Advance to help make affordable loans to our customers. It’s the American Dream—people want to own homes, and we want to make it as affordable and easy as we can for our community.“
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Ellen Mielke

Executive Vice President and Chief Financial Officer, Fox Valley Savings Bank

“The Federal Home Loan Bank of Chicago’s mission has helped strengthen our community. We’ve been utilizing the Downpayment Plus Program since 2009, and since then we’ve been able to disperse over $7 million in funds to the community, to these homeowners, and over 1,200 families that have been assisted.”
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Sandy DeMond

SVP, Director of Community Banking, Busey Bank

“Through our FHLBank Chicago membership, we leverage the suite of liquidity and community investment products to both manage our balance sheet and increase homeownership and economic development in our communities. Letters of credit are a low-cost and effective way for us to collateralize deposits from a variety of municipalities, and we are proud to support our local schools with this product.”
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Brian Gansauer

Community Bank President, Southern Illinois Region, Peoples National Bank

“Participation in the MPF Advisory Council has allowed us to provide valuable feedback, which we’ve seen directly influence product offerings and adjustments in loan pricing. These changes have enabled us to deliver better products and pricing to our customers while also contributing increased volume.”
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Tim Tuz

SVP, Capital Markets, Wintrust Mortgage

“[AHP] grants make a meaningful difference—enabling critical updates like roof repairs, system replacements, and other improvements that help preserve the homes people rely on. They strengthen the housing stock and help maintain the fabric of our communities.”
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Kayla Aaron

Regional Retail Loan Manager, First Mid Bank & Trust

“The MPF Program benefits mean we can price loans competitively and pass savings on to our members. This is important because affordability is the biggest barrier to homeownership in our communities. And by pairing the MPF Program with FHLBank Chicago’s Downpayment Plus Programs, we can do even more to prevent payment shock—especially for first-time homebuyers.”
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Matt Gerber

VP, Mortgage Lending, Royal Credit Union

“With the MPF Traditional product, Nicolet can offer competitive rates without loan-level price adjustments, making loans more affordable for creditworthy borrowers.”
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Tim Schinkten

AVP, Loan Servicing Manager, Nicolet National Bank

“As exciting as homeownership is, many first-time homebuyers overlook the expense that comes with repairs and maintenance on their home. For some borrowers, the USDA can be a great resource that helps reduce the burden of these added expenses. Through our relationship with FHLBank Chicago, we were able to learn about opportunities like this.”
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Nick Brooks

Chief Lending Officer, IAA Credit Union