Once your financial institution is approved for membership in the Federal Home Loan Bank of Chicago, additional steps are required to gain full access to our products and services. To learn more, contact us at membership@fhlbc.com.
Getting Started
Buying Capital Stock
The Federal Home Loan Bank of Chicago is a member-owned cooperative, which means financial institutions must purchase capital stock in order to join and maintain membership in the Bank. Purchasing capital stock funds the Bank’s cooperative business model. Applicants have 60 days from the date of their approval to meet their membership stock requirement through the purchase of capital stock. This purchase completes the application process and begins their membership in FHLBank Chicago.
For information on our Amended and Restated Capital Plan effective July 1, 2020, please visit our Financial Information page.
For information on our Amended and Restated Capital Plan effective July 1, 2020, please visit our Financial Information page.
How Stock Requirements are Calculated
The Capital Plan is a governing document that lists members’ capital requirements. For information on our Amended and Restated Capital Plan effective July 1, 2020, please visit our Financial Information page.
Other Requirements for Borrowing
Before a member can take advantage of FHLBank Chicago’s products and services, members must:
- Sign and execute documentation
- Pledge and report eligible collateral