The Federal Home Loan Bank of Pittsburgh (FHLBank) announced today that in the fourth quarter of 2015, five new members joined the Bank’s cooperative of commercial banks, credit unions, insurance companies, community development financial institutions and thrifts in Delaware, Pennsylvania and West Virginia.

“We are excited to continue welcoming credit unions and insurance companies to our diverse cooperative,” said Winthrop Watson, FHLBank’s President and Chief Executive Officer. “FHLBank Pittsburgh is able to maintain strength and flexibility by having a variety of member types. It also allows us, and our members, to have a positive impact on a wide range of local communities.”

As FHLBank members, Chrome Federal Credit Union, The Penn Insurance and Annuity Company, and Erie Insurance Exchange, along with its subsidiaries Erie Insurance Company and Erie Family Life Insurance Company, may access FHLBank’s suite of financial services. This includes low-cost loans (advances), which may be used for community-development lending, asset/liability management and general funding.

About Chrome Federal Credit Union

Chrome Federal Credit Union began in 1971 as Washington Community Federal Credit Union, which served the employees of Washington Steel Corp. It eventually expanded to serve the financial needs of all residents in Washington County, Pa. In 2015, the credit union changed its name to Chrome Federal Credit Union to reflect the strong attributes achieved when adding the element chromium to steel. For more information about Chrome, visit www.chromefcu.org.

About Erie Insurance Group

Erie Insurance Group, based in Erie, Pa., is the 11th largest homeowners insurer and 12th largest automobile insurer in the United States, based on direct premiums written, and the 16th largest property/casualty insurer in the country based on total lines net premium written. The Group, rated A+ (Superior) by A.M. Best Company, has more than 5 million policies in force and operates in 12 states and the District of Columbia. For more information, visit www.erieinsurance.com.

About The Penn Insurance and Annuity Company

Founded in 1980, The Penn Insurance and Annuity Company (PIA) is a wholly owned life insurance subsidiary of Penn Mutual. Domiciled in Delaware, PIA maintains its operations in Horsham, Pa., and is licensed to do business in 48 states and the District of Columbia. It markets its products through Penn Mutual’s distribution systems and has its in-force business serviced by the parent company. For more information, visit www.pennmutual.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 part of 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. To learn more, visit www.fhlb-pgh.com.