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Letter to Our Members

In a year like none other, communities across Illinois and Wisconsin faced difficult challenges from disruptions to businesses and local economies caused by the COVID-19 pandemic. Throughout it all, you stood by your communities each step of the way. And despite these challenges, we had many successes made possible through the strength in our partnership.

President and CEO, Federal Home Loan Bank of Chicago

Chair of the Board of Directors, Federal Home Loan Bank of Chicago
Chair of the Board of Directors, The Stephenson National Bank & Trust

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Our Commitment

Our products, solutions, and services meet the needs of our members and the communities you serve. The value we deliver to our members is—and always will be—the cornerstone of who we are as a cooperative.

 
  • sustainable-growth
    Sustain and grow the value we deliver

    Sustainable growth

  • exceptional-member-experience
    Serve as a strategic partner, reliable source of funding, and trusted adviser

    Exceptional member experience

  • diverse-team
    Build a diverse team and inclusive culture

    Diverse team

  • reliable-solutions
    Offer products and strategies that meet our members' liquidity needs

    Reliable solutions

  • community-and-social-impact
    Support the communities served by our members

    Community and social impact

Resiliency

No matter what our District faced in 2020, you and your institutions remained extraordinarily resilient and determined to serve. We are proud to have supported you as pillars in your communities every day. Our successes as a Bank were only possible through our partnerships with you. Whether operational changes, process adjustments, or new technology, our ongoing and resolute adaption together only makes us stronger as we face whatever lies ahead.

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Rising to the Challenge: COVID-19 Pandemic Relief

As the impact of the global COVID-19 pandemic unfolded in the spring of 2020, our members acted quickly to maintain your business operations and support your customers across Illinois and Wisconsin. You navigated the uncommon uncertainty by looking beyond yourselves and recognizing strength lies within the communities you serve.

But our members and your communities were not alone in the fight. The profound impact of the pandemic caused strain not only on communities and businesses but also on financial markets. The Federal Home Loan Bank of Chicago (FHLBank Chicago) adapted alongside our members to adjust the way we work by doing so virtually and without interruption to continue to deliver our products and services you rely on. However, we knew more assistance was necessary in order to support our members and your communities during this challenging time.

On April 27, 2020, we launched our COVID-19 Relief Program, a one of a kind program providing all of our members with access to two special offerings—the COVID-19 Relief Advance, a zero-rate advance to meet your immediate liquidity needs, and the COVID-19 Relief Grant, a grant up to $20,000 to assist small businesses and nonprofits affected by the pandemic in your communities.

“Our customers loved the program and were so appreciative of those funds at a time when they were shut down and needed them most so they and their employees could survive. The funds provided needed payroll funding to support the employees and the local community. It’s all a waterfall effect. Employees continue to get paid, continue purchasing from local stores, and continue using local services. The COVID-19 Relief Program not only helped our clients, it helped the community at large.”
Kevin Day, President and CEO, State Bank, Waterloo, Illinois

While our COVID-19 Relief Advance helped members with the shifting market and balance sheets, members used our COVID-19 Relief Grant to meet the needs of more than 5,000 beneficiaries across Illinois and Wisconsin including food pantries, social service organizations, local shops and restaurants, first responders, and many more. An astounding 98% of members took advantage of at least one of these offerings, which totaled more than $2 billion in advances and $13.1 million in grants in just four weeks.

“We worked with the Foundation for Black Women’s Wellness, a nonprofit that focuses on black families and the women that lead them. The pandemic disproportionately impacted these women, and the funding provided relief and stability to over 200 families during a time of critical need.”
Jaimes Johnson, Director of Community Partnerships, University of Wisconsin Credit Union, Madison, Wisconsin

As the pandemic carried on, we too recognized the disproportionate impact the pandemic was having on the most vulnerable members of our communities and the importance of having conversations about how its effects differed across demographics in Illinois and Wisconsin.

Our Office of Diversity and Inclusion and African American Employee Resource Group (ERG) launched an internal educational series titled “COVID-19 in Communities.” The series of articles explored the impact COVID-19 presented in different populations, including rural and urban neighborhoods, people of different generations, historically disenfranchised communities, and more. These articles were followed by engaging discussions by FHLBank staff and a signature event featuring guest speakers with experience working with these populations. The speakers included Maggie Rzechula, Vice President, City National Bank of Metropolis, Metropolis, Illinois; Steve Vogt, Executive Vice President and Chief Financial Officer, City National Bank of Metropolis, Metropolis, Illinois; Maria Kim, President and CEO, Cara, Chicago, Illinois; Grace Chan McKibben, Executive Director, The Coalition for a Better Chinese American Community, Chicago, Illinois; and Terry Peterson, Vice President, Corporate and External Affairs, Rush University Medical Center, Chicago, Illinois.

“The ongoing conversations at our Bank and with our members and community partners guide our work and enable us to direct support where it is most needed. We are humbled by our members’ community relief efforts and thank them for the opportunity to partner with them in this important work.”
Katie Naftzger, Vice President, Community Investment Officer, FHLBank Chicago

View our COVID-19 Relief Program video to hear the stories of how beneficiaries across Illinois and Wisconsin benefited from your work and generosity.



Adapting Together – Transitioning to a Virtual Bank

When the COVID-19 pandemic struck Illinois and Wisconsin in March 2020, we took immediate, prudent steps to ensure the health, safety, and well-being of our members, employees, and community partners. We seamlessly transitioned to operating as a virtual Bank in an effort to help slow the spread of COVID-19.

Within a matter of days, FHLBank Chicago employees swapped their desks for home offices and converted to a completely virtual environment. And while our physical settings changed, our focus remained on our members and continuing to provide uninterrupted, reliable access to solutions and liquidity during a very challenging time.

“During 2020, our bank experienced many changes as we moved to doing more business in a virtual manner during this ongoing pandemic. We took comfort knowing FHLBank Chicago would stand by us all the way, whether it was urgent funding needs due to the PPP Loan program, unusual shifts in liquidity due to government stimulus programs, or the creative partner grant programs. FHLBank Chicago was always ready, willing, and able to cover our needs.”
Dan Peterson, The Stephenson National Bank & Trust, Marinette, WI

We also recognized the importance of staying connected as a team while operating virtually for an extended period of time. As in-person meetings transitioned to video chats, we launched weekly, all-staff informational calls hosted by our Bank’s Executive Team featuring employees across the Bank to share key updates from their respective business areas.

The calls soon became a staple for our employees as they provided transparency on the state of the Bank as well as filled a gap that was vacated by no longer seeing one another in office. A total of 34 all-staff informational calls were held in 2020, which included guest speakers from our Board of Directors like John Reinke, Chair of the Board of Directors, FHLBank Chicago.

“Ensuring our employees felt comfortable and confident during uncertain times and were equipped with technology to continue to deliver products and services to our members was our highest priority. As we continue to navigate the pandemic as a virtual Bank, we are able to apply all that we have learned as a virtual operation to continue to provide innovative solutions to our members.”
Eric Geiger, Senior Vice President, Chief Technology Officer, Transitions Strategy Team, FHLBank Chicago

The lessons we learned while adapting with you throughout 2020 and continuing through today has evolved our organization into a stronger and better equipped partner. Our improved technology, operation efficiencies, and new ways of working together are long-term investments in you and your institutions. What started as a fast but effective transition to respond to a crisis, now allows us to continue to build from what we learned as we continue to evolve our organization in support of you and your communities.


We are proud of the positive impact we made with our members in their communities through the COVID-19 Relief Program. Serving our members is our highest priority. We are your partner now and through whatever challenges lie ahead.

Executive Vice President, Group Head, Sales, Strategy, and Solutions

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Leadership Spotlight: Community Investment Advisory Council

This past year, communities across Illinois and Wisconsin experienced a variety of challenges resulting from the COVID-19 pandemic. The prolonged impacts on housing, small businesses, and local economies reinforced the importance of FHLBank Chicago’s Community Investment programming, and our members and community partners that make them possible. For the Community Investment Advisory Council, 2020 provided an opportunity to shape and expand programs to make a meaningful difference throughout the District. We are proud to highlight our work and remain committed to meeting the challenges of tomorrow.

Community Investment Advisory Council Chair, Executive Director, Springfield Housing Authority

Community Investment Advisory Council Vice Chair, Director of Real Estate Development, Movin' Out, Inc.


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Dedication

We are committed to working with you to find lasting and powerful ways to make an impact in your underserved populations and communities. Strength in our communities lies not in our similarities, but in our differences. With you, we can partner to be a part of a solution and commitment to action that builds a better world for everyone.

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Committed to Action and Making an Impact

In the weeks following the conclusion of our COVID-19 Relief Program, our District continued to battle the pandemic and its economic impact. The negative effects were felt in every community, but it soon became more apparent that some populations had been disproportionately affected by the crisis, including Black, Latino, Native American, elderly, rural, and low- and moderate-income communities.

In conversations with our members, many expressed a shared interest in addressing racial and economic equity disparities in their cities and towns. Although a remarkable 98% of our members participated in the COVID-19 Relief Program earlier in the year, our members recognized an additional opportunity to invest in their communities where support was needed most.

On August 10, 2020, we announced the creation of a Targeted Impact Fund. This program provided all of our members with access to up to $20,000 in grant funding to support populations hardest-hit by COVID-19. Beneficiary categories supported Minority Business Enterprises (MBEs) and/or Women's Business Enterprises (WBEs), the advancement of Black and Latino Communities, empowerment services for populations hardest hit by COVID-19, and affordable housing sustainability. Members were able to maximize their available grant funds by committing to match some or all of the base grant dollars.

At the conclusion of the program on November 10, 2020, 76% of our members had participated in the Targeted Impact Fund helping more than 1,300 beneficiaries. In total, $9.8 million grant funds were provided throughout Illinois and Wisconsin, which included $1.5 million in member matching.

View our video to learn how our members committed to creating impactful change in your communities through the Targeted Impact Fund.


Creating Change Through Conversations

In response to the nationwide protests and conversations about race, our Office of Diversity and Inclusion, African American ERG, Women’s ERG, and Baby Boomers ERG, hosted panel discussions for Bank employees to have candid conversations about race throughout 2020.

In a three-part virtual series titled “Getting Real about Race,” FHLBank Chicago employees were able to share their candid personal experiences and reflections on race and racial equity in America and discuss how we can work together to create meaningful change. The moderated panels shared their unique experiences with one another and answered questions from their colleagues. The positive impact of these conversations also encouraged employees to continue the discussions with their own teams. Groups watched films, read books, and explored other perspectives throughout the year to learn from each other and how to create change.

The success of the series and ongoing dialog led to the development of an FHLBank System-wide “Conversation on Race” virtual discussion on October 23, 2020, with 896 people in attendance from across the United States.


Our mission is to not only serve our members, but also the communities they serve. As such, it is important for the Bank to help reduce and eliminate racial inequities and economic disparities in our District. To continue delivering the best service to our members, it is important that our Bank remains committed to taking action and supporting the most vulnerable and underserved communities in their cities and towns. Our bias for action will help create lasting change.

Executive Vice President, Chief Diversity Officer, Group Head, Community Investment and Diversity and Inclusion

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Supporting Local Students through Our Work-Study and Apprenticeship Programs

Since 2011, FHLBank Chicago has partnered with Christ the King Jesuit College Preparatory School in Chicago, Illinois, for our Corporate Work-Study Program. The program places work-study students in grades 9 - 12 in teams across our Bank including Information Technology (IT) Risk and Compliance, IT Security, Audit, and Facilities to contribute to short-term projects. Due to the pandemic, once per week onsite workdays were paused in the spring of last year.

For the 2020-2021 school year, we are proud to continue our partnership with Christ the King by resuming the program through creating a virtual, half-day format. We are thrilled to be joined by seven students as they gain valuable on-the-job experience.

In addition to completing projects and assignments with our teams, several of our employees serve as mentors to the students playing a critical role in each student’s experience and professional development.

While our Bank continued our partnership with Christ the King, we also developed a new partnership in 2020 with the City Colleges of Chicago and the Chicagoland Chamber of Commerce. Beginning in 2021, we launched our new FHLBank Chicago Apprenticeship Program, which provides entry-level employment opportunities to qualified students pursuing their associate degree. Apprentices are part of a one-year development program as part of our MPF Service, Audit, Legal and Government, and IT Support teams at the Bank, and have the opportunity to begin a career at FHLBank Chicago upon completion of the Apprenticeship Program.


Combating Systemic Racism in Our District

Our Office of Diversity and Inclusion hosted the Bank’s 3rd Annual Cultural Exploration. This year, the five-day event was hosted virtually and focused on the roots and implications of systemic racism. Our Board of Directors, Executive Team, five randomly-selected Bank employees, and thought leaders participated in this immersive experience to discuss race as it relates to housing, employment, and access to capital. At the end of each presentation, participants discussed their own experiences and proposed solutions that will help support the Bank’s goal to be a part of actively combating systemic racism and serve as a leading organization for positive change in our District.

Watch our Cultural Exploration video, featuring two members of our Board of Directors. Lois Alison Scott and Joseph Fazio III share what they learned from the Cultural Exploration held between October 2020 and December 2020.



Recovery from the pandemic requires we all do more to drive change. In front of us is an opportunity to rebuild and ensure opportunity for all communities -- especially those most adversely impacted. From the urban core, to the rural parts of our District, we are inextricably linked -- and must ensure the success of others for everyone to thrive.

Chief Executive Officer, ​LEAP Innovations

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Year-Round Investment in Your Communities

Throughout 2020, we partnered with our members to support communities that needed it most. This effort was furthered by three staple Community Investment programs – our competitive Affordable Housing Program (AHP), our Downpayment Plus® (DPP®) Program, and the Community First® Capacity-Building Grant Program.

In 2020, FHLBank Chicago granted $24.8 million through our competitive AHP to finance 44 housing projects in Illinois and Wisconsin, all the result of collaboration between our members and local housing organizations. These awards supported the acquisition, rehabilitation, and new construction of more than 2,000 housing units. Your partnership with us on this program changes lives in our District as we expand the supply of safe, stable affordable housing via both rental and homeownership opportunities.

Each year, FHLBank Chicago contributes 10% of our earnings to affordable housing programs, including both the competitive AHP and DPP Program. DPP is FHLBank Chicago’s downpayment assistance grant program, which is available to all members to support your mortgage lending to low- and moderate-income households. Throughout 2020, 178 members disbursed $17 million in DPP grants in support of nearly 3,000 homebuyers in your communities to assist with downpayment and closing costs for eligible households. This support ensured that households on the path to affordable homeownership were not deterred in fulfilling their goals, even as the pandemic unfolded.

In addition to these regulatory grant programs, FHLBank Chicago opts to fund additional Community Investment programming to support the unique needs of our district. The pandemic highlighted the critical importance of one such program in particular—the Community First Capacity-Building Grant Program. We recognized investing in the strength of nonprofit community development lenders was imperative in 2020 as they provide essential products and services to diverse communities throughout Illinois and Wisconsin. Through the Community First Capacity-Building Grant Program, we awarded $948,562 to 21 nonprofit community development lenders in partnership with 14 members in Illinois and Wisconsin. These award recipients are using the Capacity-Building Grant funds to support the development and expansion of loan products, information technology upgrades, improvements to organizational policies and procedures, and for professional development of staff and boards of directors.

Spirit

Throughout a challenging year, you put forth a distinct, positive, and unrelenting attitude to keep your communities strong. We share this infectious spirit with you. We adapted together to find new ways to do business, support one another, and make our District a better place to work and live.

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Innovative Strategies and World Class Events in a Virtual Environment

As FHLBank Chicago transitioned to a virtual Bank in 2020, we wanted to continue providing exceptional expertise, insights, and solutions while observing necessary health precautions during the COVID-19 pandemic.

Over the course of 2020, we held three signature, annual member conferences virtually for the first time in our history: the 2020 FHLBank System Insurance Conference in June, the 2020 FHLBank Chicago Management Conference in August, and the 2020 FHLBank Chicago Credit Union Conference in October.

“FHLBank Chicago conferences are a ‘must attend’ for me. I look forward to meeting with the FHLBank Chicago team members and hearing guest speakers, because I’m confident they will be inspirational and insightful. This year was no exception. I always leave the conferences with new ideas and strategies we can use to improve our credit union.”
Tami Winkler, President and CEO, Glacier Hills Credit Union, West Bend, Wisconsin

While this modified approach to conferences was a necessary departure from the very successful in-person events we have held for many years, we were able to provide access to guest speakers sharing insights on best practices to spark innovation, panel discussions on the economy and markets, and strategies for optimizing your FHLBank Chicago membership. This was accomplished in a safe, virtual environment with record member engagement. 85% of our member institutions attended at least one FHLBank Chicago virtual event in 2020.

FHLBank Chicago also hosted over 50 markets-related webinars and other virtual educational opportunities throughout the year for our members to learn about our customized solutions and have conversations about our products. In addition, in January 2020, we hosted our only in-person conference – an FHLBank Community Development Financial Institution (CDFI) Forum with CDFIs from across the country meeting in Chicago with all of our CDFI members from Illinois and Wisconsin in attendance.

 


The value of FHLBank Chicago events was never more evident than in the past year. The guidance and insight provided by leadership from across our District as well as guest speakers gives member institutions timely and practical solutions to apply to our business strategies. Relying on these events for discussion and industry outlooks remains as important as ever as we plan for the future.

​Executive Vice President/Chief Operating Officer, Information Systems Officer, and Director, ​State Bank of Bement

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Helping Homeowners in Need

Homeowners faced challenges of their own in 2020. As the economy and job market remained volatile, homeowners struggled to make on-time mortgage payments and even faced foreclosure. In light of these challenges, your institutions worked tirelessly to help your customers in a time they needed it more than ever.

In partnership with you, we worked to help homeowners in your community by providing accommodations through our Mortgage Partnership Finance® (MPF®) Program. These accommodations included 360 days of forbearance, streamlined payment deferrals, and modifications of government loans without repurchase.

Capital Credit Union—a community credit union headquartered in Green Bay, Wisconsin—heard the concerns of homeowners and homebuyers facing unique problems due to the pandemic. Capital Credit Union’s member-focused staff found ways to help these individuals and families.

“Our team was contacted by a retired woman on a fixed-income struggling to make mortgage payments and refinance her home that was set an a high interest rate. We spent time working with her and answering questions to her unique situation and making sure she felt confident in her options. Eventually, we were able to refinance her home at a 5% lower interest rate, saving her money and significantly improving her financial situation.”
Laura Busch, Vice President – Mortgage Lending, Capital Credit Union, Green Bay, Wisconsin

Your efforts helped countless homeowners and their families, and we look forward to continuing to find ways to work together to help them in the future.


In a year unlike any other, we worked tirelessly to find new ways to adapt our MPF products and processes to assist our Participating Financial Institutions (PFIs) impacted by the COVID-19 pandemic. These timely, innovative accommodations and relief exemplify our commitment to members and their changing needs and unique market conditions.

​Executive Vice President, Group Head, Mortgage Partnership Finance® Program

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Teaming Up to Empower Communities

Many communities across Illinois and Wisconsin have been severely and disproportionately impacted by the COVID-19 pandemic. From illness to job losses to struggles with remote education, some communities faced a bigger uphill battle than others.

In response to these challenges, our Culture and Community Working Group and CommuniTeam, our philanthropic volunteer group, partnered to find ways we could help support local communities during the past holiday season. In lieu of gift cards traditionally distributed to employees during the holiday season, the Bank instead decided to allocate those funds in the form of a $20,000 donation to each of these three Chicago-area charities—Chicago Family Health Center; My Block, My Hood, My City; and South Suburban PADS.

“We are extremely grateful to FHLBank Chicago for their generous donation to Chicago Family Health Center. Their generosity will play a vital role in advancing our mission of providing quality, accessible healthcare on the South Side of Chicago and improving the lives of those living in some of the most vulnerable communities in Chicago. The generous spirit of supporters and collaborators like FHLBank Chicago reminds us that we are all members of the same community. We look forward to our continued partnership as we continue to strive to advance the health and wellness of our patients as we plan for the future.”
Dr. Barrett Hatches, CEO, Chicago Family Health Center


Adapting Technology to Enhance Your Member Experience

Our IT team worked diligently to help our employee’s transition to a remote working environment in response to the COVID-19 pandemic. To allow all of our teams to continue serving our members, IT implemented planned technology changes, refined important processes, and even integrated new technologies to support our new way of working. Even more than ever before, in 2020, IT illustrated what it means to be strategic yet agile in order to meet the evolving needs of our business in support of you and your communities.

In addition to implementing improvements to our internal systems, we maintained our unwavering commitment to enhance your member experience through new, innovative technology solutions. On March 23, 2020, we launched enhancements to our advance products, transaction processing, navigation, and reporting on eBanking. Highlights of the enhancements included the ability to easily rollover certain advances, a new dashboard for funding details, shortcuts to the Qualified Collateral Report (QCR), and the availability of up to seven years of historical data on demand.

As a result of the efforts by our IT and our Member Product Support teams, members enjoyed user-friendly and secure systems while providing easier access to uninterrupted liquidity, and employees were able to leverage new technology to continue to support our members each and every day.

2020 Financial Highlights

The below financials are selected year-end 2020 highlights. For complete year-end 2020 financials select view performance summary or view community investment performance summary below

 

Performance Summary

 Assets Liabilities CapitalNet Income
 2020$100,356$94,067$6,289$374
 2019$99,827$94,373$5,454$300
 2018$92,857$87,568$5,289$303

Dollars in millions  |  For the years ended December 31

Products

Advances Advances
MPF Loans MPF Loans
Letters of Credit Letters of Credit


Dollars in billions | For the years ended December 31 | Advances and MPF Loans are outstanding on balance sheet; Letters of Credit are outstanding off balance sheet

Community Lending

 2020 Beneficiaries 2020 Dollars (originated)
 Community Development Advance15 (t)$395,536,348
 Community Housing Advance6,463 (u)$836,533,461
 Community Small Business Advance24 (t)$16,409,177

(t) transactions  |  (u) housing units

Grant Programs

Competitive AHP Round Dollars
Competitive AHP Round Units
DPP Dollars
DPP Beneficiaries

Voluntary Programs

 2020 Beneficiaries 2020 Dollars (committed)
Community First Awards i4$40,000
Community First Capacity-Building i21$948,562
Community First Disaster Relief i0$0
*Community First Fund ii0$0

(i) beneficiaries are grants  |  (ii) beneficiaries are partners

*While there were no new Community First Fund partners named or commitments made during 2020, the Community First Fund is a revolving loan fund with eight current partners and $45.75 million funded as of year-end 2020.

The financial highlights should be read in conjunction with the audited financial statements and related notes and “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” all of which is included in our 2020 Form 10‑K that was filed with the SEC on March 9, 2021.

Leadership

  • John K. Reinke, Chairperson

    • ​Chair of the Board of Directors
    • ​The Stephenson National Bank & Trust
  • James T. Ashworth, Vice Chairperson

    • ​Vice Chairman
    • CNB Bank & Trust, N.A
  • Edward P. Brady

    • ​President and CEO
    • ​Home Builders Institute
  • Mary J. Cahillane

    • Management Consultant
  • Mark J. Eppli

    • Director of the Graaskamp Center for Real Estate
    • University of Wisconsin–Madison
  • Joseph Fazio III

    • ​Co-founder, Board Chairman, and Chief Executive Officer
    • ​Commerce State Bank
  • Michelle L. Gross

    • ​Executive Vice President/Chief Operating Officer, Information Systems Officer, and Director
    • ​State Bank of Bement
  • James H. Hegenbarth

    • President and Chief Executive Officer
    • The Park Bank
  • Phyllis Lockett

    • Chief Executive Officer
    • ​LEAP Innovations
  • David J. Loundy

    • Chairman and CEO
    • Devon Bank
  • David R. Pirsein

    • ​President and Chief Executive Officer
    • ​First National Bank in Pinckneyville
  • Leo J. Ries

    • Management Consultant
  • Lois Alison Scott

    • ​President
    • ​Epoch Advisors
  • Michael G. Steelman

    • ​Chairman and Chief Executive Officer
    • Farmers and Merchants State Bank of Bushnell
  • Ty R. Taylor

    • ​President and Chief Executive Officer
    • Waukesha State Bank
  • Daniel G. Watts

    • Director and President
    • Forest Park National Bank and Trust Company
  • Gregory A. White

    • ​President and Chief Executive Officer
    • LEARN Charter Schools
  • Michael A. Ericson

    • President and CEO
  • Kim Cullotta

    • Executive Vice President, Group Head, People, Culture, and Communications
  • Virxhini Gjonzeneli

    • Executive Vice President, Group Head, Member Product Support and Strategy
  • Thomas H. W. Harper

    • Executive Vice President, General Auditor
  • Carolyn Jaw

    • Executive Vice President, Group Head, Sales, Strategy, and Solutions
  • Michelle Jonson

    • Executive Vice President, Chief Risk Officer, Group Head, Risk Management
  • Roger D. Lundstrom

    • Executive Vice President, Chief Financial Officer, Group Head, Financial Accounting and Markets
  • Samuel J. Nicita

    • Executive Vice President, Chief Information Officer, Group Head, Information Technology
  • John Stocchetti

    • ​Executive Vice President, Group Head, Mortgage Partnership Finance® Program
  • Cedric D. Thurman

    • Executive Vice President, Chief Diversity Officer, Group Head, Community Investment and Diversity and Inclusion
  • Laura M. Turnquest

    • ​Executive Vice President, General Counsel and Corporate Secretary
  • Jackie L. Newman, Chair

    • Executive Director
    • ​​Springfield Housing Authority
  • David Porterfield, Vice Chair

    • Director of Real Estate Development
    • Movin' Out, Inc.
  • Joaquin J. Altoro

    • Chief Executive Officer and Executive Director
    • Wisconsin Housing & Economic Development Authority
  • Mark Angelini

    • President
    • Mercy Housing Lakefront
  • Deborah E. Bennett

    • Senior Program Officer
    • Polk Bros. Foundation
  • Allison Milld Clements

    • Executive Director
    • Illinois Housing Council
  • Lafayette Crump

    • Commissioner of City Development
    • City of Milwaukee
  • Russell D. Kaney

    • Principal
    • 21st Century Communities, LLC
  • Kristin L. Faust

    • Executive Director
    • Illinois Housing Development Authority
  • Tom Landgraf

    • Principal
    • Dimension Development, LLC
  • Sharon K. Legenza

    • Executive Director
    • Housing Action Illinois
  • Julie Nelson

    • Associate Director
    • Corporation for Supportive Housing
  • Kevin Newell

    • President and Chief Executive Officer
    • Royal Capital Group
  • Sean O'Brien

    • Principal
    • Northpointe Development, LLC
  • Valerie Johnson Renk

    • Chief Executive Officer
    • Habitat for Humanity of Dane County
  • Michael A. Ericson

    • President and CEO
  • Kim Cullotta

    • Executive Vice President, Group Head, People, Culture, and Communications
  • Virxhini Gjonzeneli

    • Executive Vice President, Group Head, Member Product Support and Strategy
  • Thomas H. W. Harper

    • Executive Vice President, General Auditor
  • Carolyn Jaw

    • Executive Vice President, Group Head, Sales, Strategy, and Solutions
  • Michelle Jonson

    • Executive Vice President, Chief Risk Officer, Group Head, Risk Management
  • Roger D. Lundstrom

    • Executive Vice President, Chief Financial Officer, Group Head, Financial Accounting and Markets
  • Samuel J. Nicita

    • Executive Vice President, Chief Information Officer, Group Head, Information Technology
  • John Stocchetti

    • ​Executive Vice President, Group Head, Mortgage Partnership Finance® Program
  • Cedric D. Thurman

    • Executive Vice President, Chief Diversity Officer, Group Head, Community Investment and Diversity and Inclusion
  • Laura M. Turnquest

    • ​Executive Vice President, General Counsel and Corporate Secretary
  • Jackie L. Newman, Chair

    • Executive Director
    • ​​Springfield Housing Authority
  • David Porterfield, Vice Chair

    • Director of Real Estate Development
    • Movin' Out, Inc.
  • Joaquin J. Altoro

    • Chief Executive Officer and Executive Director
    • Wisconsin Housing & Economic Development Authority
  • Mark Angelini

    • President
    • Mercy Housing Lakefront
  • Deborah E. Bennett

    • Senior Program Officer
    • Polk Bros. Foundation
  • Allison Milld Clements

    • Executive Director
    • Illinois Housing Council
  • Lafayette Crump

    • Commissioner of City Development
    • City of Milwaukee
  • Russell D. Kaney

    • Principal
    • 21st Century Communities, LLC
  • Kristin L. Faust

    • Executive Director
    • Illinois Housing Development Authority
  • Tom Landgraf

    • Principal
    • Dimension Development, LLC
  • Sharon K. Legenza

    • Executive Director
    • Housing Action Illinois
  • Julie Nelson

    • Associate Director
    • Corporation for Supportive Housing
  • Kevin Newell

    • President and Chief Executive Officer
    • Royal Capital Group
  • Sean O'Brien

    • Principal
    • Northpointe Development, LLC
  • Valerie Johnson Renk

    • Chief Executive Officer
    • Habitat for Humanity of Dane County