Our Members

The FHLBanks’ collective membership consists of roughly 6,500 financial institutions across the country, including large commercial banks, small community banks, credit unions, insurance companies, and community development financial institutions (CDFIs). Membership is voluntary and to become a member, a financial institution must apply for membership with the appropriate FHLBank and purchase stock in that FHLBank. Membership stock is held at par value and is not traded. Applicants undergo a thorough financial review.

The board of directors of an FHLBank may terminate the membership of any institution if it determines that the member has failed to comply with applicable laws and regulations, or the member is insolvent or otherwise subject to the appointment of a conservator, receiver, or other legal custodian. 

FHLBank Membership by Type of Member

As of June 30, 2023 As of December 31, 2022
Commercial Banks 3,692 3,726
Credit Unions 1,591 1,572
Insurance Companies 570 565
Savings Institutions 565 569
CDFIs 70 70
Total 6,488 6,502

The FHLBanks serve financial institution members of various sizes and charter types across the country.