MetaFund Becomes First CDFI Federal Home Loan Bank Member in Topeka District

Posted by Blake Trippet on 03/13/2014

MetaFund has been accepted as a member of the Federal Home Loan Bank (FHLB), a national network of community lenders which provides funds for financing affordable housing, job growth and community development.  MetaFund is the first Community Development Financial Institution (CDFI) to achieve membership within the Topeka district, which serves approximately 800 banks, credit unions and thrifts in Oklahoma, Colorado, Kansas and Nebraska.  Acceptance as a FHLB member is a testament to MetaFund’s strong financial condition, robust operations and substantial economic impact. 

Membership will allow MetaFund to access the FHLB’s lending and deposit products, and will enable it to participate in their housing and community development programs.  The FHLB also offers a source of liquidity which will provide opportunities for the expansion of MetaFund’s mission activities.