The Federal Home Loan Bank of Pittsburgh (FHLBank) announced today that in the fourth quarter of 2014, five new members joined the Bank’s cooperative of qualified thrifts, commercial banks, credit unions, insurance companies and community development financial institutions (CDFIs) in Delaware, Pennsylvania and West Virginia.
As an FHLBank member, Del-One Federal Credit Union, Essent Guaranty Inc., MetLife Insurance Company USA, Mid-Atlantic Corporate Federal Credit Union and The Reinvestment Fund Inc. have access to FHLBank’s product line of financial services. This includes low-cost loans (advances), which may be used for community development lending, asset/liability management and general funding.
“We are excited to welcome the growing number of credit unions, insurance companies and CDFIs that recognize the value of FHLBank membership,” said Winthrop Watson, FHLBank’s president and chief executive officer. “The variety of member types that joined the Bank in 2014, from every state in our footprint, have helped to make our cooperative even stronger.”
About Del-One Federal Credit Union
Established in 1960 as the Delaware Highway Federal Credit Union, Del-One Federal Credit Union has grown to nine branches, serving thousands of members throughout the state of Delaware. For more information about Del-One, please visit www.del-one.org.
About Essent Guaranty Inc.
Headquartered in Radnor, Pa., Essent Guaranty is a private mortgage insurer approved by Fannie Mae and Freddie Mac and licensed in 50 states and the District of Columbia. For more information about Essent, please visit essent.us.
About MetLife Insurance Company USA
In 1863, the National Union Life and Limb Insurance Company began insuring Civil War sailors and soldiers against wartime-related disabilities. More than 140 years later, the company now known as MetLife Inc. has grown to be a global provider of insurance, annuities and employee benefit programs. For more information about MetLife, please visit www.metlife.com.
About Mid-Atlantic Corporate Federal Credit Union
Mid-Atlantic Corporate Federal Credit Union is a federally chartered corporate credit union that provides investment, lending and payment services to more than 800 credit unions, CUSOs, Leagues and chapters in 44 states. For more information about Mid-Atlantic Corporate, please visit www.midatlanticcorp.org.
About The Reinvestment Fund Inc.
The Reinvestment Fund Inc. (TRF) is a Community Development Financial Institution (CDFI) that finances community businesses using loan, equity and other financing tools. TRF manages $801 million in capital and has made over $1.4 billion in community investments since its inception in 1985. For more information about TRF, please visit www.trfund.com.
About FHLBank Pittsburgh
As an intermediary between global capital markets and local lenders, FHLBank Pittsburgh provides readily available liquidity, as well as affordable housing and community development opportunities, to member financial institutions of all sizes in Delaware, Pennsylvania and West Virginia. The Bank is one of 12 banks in the Federal Home Loan Bank System, which was established by Congress in 1932 and serves as a reliable source of funds for housing, jobs and economic growth in all economic cycles.
