12 U.S. government-sponsored banks that provide stable, on-demand, low-cost funding to American financial institutions (not individuals) for home mortgage loans, small business, rural, agricultural, and economic development lending. With their members, the FHL Banks represents the largest collective source of home mortgage and community credit in the United States.
FHL Banks (click here)
Seven Key Benefits
Community banks, thrifts, commercial banks, credit unions, community development financial institutions and insurance companies are all eligible for membership in the Federal Home Loan Banks. The customers and communities served by these members receive seven key benefits:...
Got that part. Banks, Thrifts, Credit Unions and Insurance Companies are all eligible for membership.
Membership.
What does that mean exactly?
Does it mean all those institutions contribute to this stabilizing nation of lending? Does private enterprise control this huge institution called the Federal Home Loan Banks?
Is membership like The Federal Reserve where human beings line the halls of the institution and make policy that effects the country?
Are there perks to membership?
Hm?
