Affordable housing—and the lack of it—is routinely cited as one of the biggest challenges facing the North Country. By joining the Federal Home Loan Bank New York, we’re taking a step to helping even more people achieve their dreams of homeownership.
Each Federal Home Loan Bank—there are 11 in all—extends low-interest loans to member institutions, like our credit union. (We’re among nearly 350 banking and financial institutions in New York State that belong.) By gaining access to reliable funds at competitive rates, it keeps us financially healthy. And it means we can extend more mortgages to qualified local Northern NY residents than we’d be able to otherwise.