FHLBank Chicago is a member-owned cooperative that acts as a source of funding and support for financial institutions across Illinois and Wisconsin. Established in 1932, it provides competitively priced advances, reasonable returns on investments, and products designed to facilitate mortgage lending and community development. The institution serves as a strategic partner to its members, which include more than 650 commercial banks, credit unions, insurance companies, and thrifts.
The Bank’s core functions include offering liquidity to member institutions, allowing them to manage their balance sheets and meet the credit needs of their communities. A key product in its portfolio is the Mortgage Partnership Finance (MPF) Program, a lending program that helps member institutions manage risk and access capital markets for their mortgage lending activities.
As a cooperative, its business is directed toward supporting the housing finance and community investment goals of its members within its designated district of Illinois and Wisconsin. Its operations are geared toward providing stable, reliable funding and financial solutions that underpin local mortgage markets and community development projects.
