House Bill Would Open FHLBanks To Privately-Insured Credit Unions
December 6, 2013
Legislation that would allow privately-insured credit unions access to the Federal Home Loan Bank system has been introduced in the House.Introduced last week by Rep. Steve Stivers, R-OH, and Rep. Joyce Beatty, D-OH, H.R. 3584, the Capital Access for Small Community Financial Institutions Act of 2013, would amend the Federal Home Loan Bank Act to allow privately insured credit unions to be eligible for FHLBank membership.