Weekly Market Update Guest Speaker with our Community Investment Group

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An Overview of Community Advances

The Federal Home Loan Bank of Chicago (FHLBank Chicago) is pleased to announce that Michal Czopczyc, Vice President, Community Investment, FHLBank Chicago, will join James Hotchkiss and Ashish Tripathy on a special weekly market update webinar on Thursday, June 27. This presentation will focus on Community Advances and letters of credit, with an emphasis on the 0% Community Small Business Advance. All FHLBank Chicago members are invited to attend the webinar.

How to access the webinar:

Please register for the webinar here.

  • To join the call, dial 1-877-309-2074
  • Access Code: 644-177-973
  • Webinar ID: 287-793-875
  • To view slides after the webinar, please access the Solutions section in eBanking.

Summary:

Community Advances are available to all FHLBank Chicago members that make loans to finance eligible affordable housing or economic development projects. FHLBank Chicago members can benefit from interest rate savings for a variety of available advances and letters of credit. By attending this webinar, FHLBank Chicago members will learn more about the benefits, eligibility requirements, and the application process for Community Advances. The webinar will also cover FHLBank Chicago member economic development lending, including a 0% advance option, and how certain counties automatically qualify based on tract median income or Federal/State disaster declaration. 

Biography:

Michal Czopczyc
Vice President, Community Investment, FHLBank Chicago

Michal Czopczyc joined the FHLBank Chicago in 2004. In 2014, Michal started working for Community Investment and now oversees community lending activities including Community Advances, Community First® Fund, Community First Capacity-Building Grant Program, and the Community First Disaster Relief Program.