About Federal Home Loan Bank Of Atlanta
FHLBank Atlanta is a cooperative bank that offers competitively priced financing, community development grants, and other banking services to help member financial institutions make affordable home mortgages and provide economic development credit to neighborhoods and communities.
We are one of 11 regional banks in the Federal Home Loan Bank System, which raises funds in the global financial markets and distributes the proceeds to members and local communities. Our members are commercial banks, credit unions, thrifts, insurance companies, and community development financial institutions headquartered in Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia, and the District of Columbia. Chartered by Congress in 1932 to support mortgage lending, the Federal Home Loan Bank System provides a stable source of funding to its members. Each FHLBank operates as an independent organization and is governed by a board of directors that is elected by member institutions.
Our products, services, and programs help financial institutions manage daily liquidity fund mortgages originated for sale in the secondary market fund loans and investments held in portfolio improve their asset/liability management meet community credit needs profitably cover temporary deposit outflows and reduce the funding cost of asset growth.
Fhlbank Atlanta Is A Trailblazer Empowering Employees To Empower Communities
We dont have an inventory of products, like credit cards, that we have to sell, said Scott Brennan, Director of Sales at the FHLBank Atlanta. We are strategic partners who find it really rewarding to build communities. Our work is tied to peoples livelihood.
The Federal Home Loan Bank System is a cooperative structured enterprise that lends to commercial banks, credit unions, insurance companies, and various other financial institutions, helping ensure that they can serve as reliable sources of liquidity for communities nationwide.*
Explore Opportunities With Fhlbank Atlanta
FHLBank Atlanta is committed to recruiting a diverse workforce of talented and innovative individuals who have the vision, skills, background, and desire to succeed in a challenging environment. Whether you’re at the beginning of your career or making a career change, the Bank offers a number of rewarding opportunities.
In addition to an excellent work environment, the Bank offers its employees a flexible, highly competitive benefits package. For more information, please download our .
Equal Employment Opportunity
All employment decisions are made without regard to race, color, religion, sex, national origin, age, disability, veteran status, sexual orientation, genetic information, gender identity, status as a parent, or any other characteristic protected by applicable law.
Internal applicants, to login and apply.
Please for our Applicant and Employee Release Form.
Don’t Miss: How Much Can I Borrow Personal Loan Calculator
Data Becomes The Key Differentiator
After the recession, we knew we wanted to intensify our focus on the customer as a way to rebuild trust in the financial services industry, said Brennan. And at a time when smartphones were emerging as the next household staple, social media platforms were redefining what it meant to be connected to one another, and services were starting to be delivered at the speed of an app data was the way to do that. expect as much information as possible throughout whatever service we are providing them, and so we had to demonstrate our subject matter expertise across multiple disciplines.
The team started going down the path of business intelligence, capturing the kind of data they needed to better serve members. This effort included pulling together its own informationsuch as historical tranactions with a given member that happened to be stored in various systems across the Bankalong with more colorful information about the changing market, FDIC or regulatory data, information found on members’ websites, news stories, and so on.
Next, the Bank had to determine how to best manage all this data, asking questions like whats the best way to make any customer-facing employee aware of all details, at all times and what do we need to learn or leverage to make us faster, better, more efficient?
We set out looking for the best CRM for FHLBank Atlanta, and it happened to sit on the cloud.
Fhlbank Atlanta Builds A Strategic Platform On The Cloud
Brennan and team partnered up with the Banks IT organization to build a relationship management platform on Salesforce Sales Cloud,Service Cloud, and . It stores all information about a given member in a profile-like setting, addressing the Banks data management needs while also fostering collaboration among customer-facing employees and opening up mobile access a mission-critical capability for teams like Brennans that spend an ample amount of time away from their desks.
- Data management: the new CRM runs in parallel with the Banks legacy systems and maps to its data warehouse, giving Brennan and team a way to pull historical information into a single view. Marketing teams use this to gather insights about zeitgeists in the market, and fuel outreach efforts accordingly. Sales teams use this to establish not only their expertise with the customer at hand, but also their understanding of the market, strengthening the Banks relationship with its members. If our reps are able to talk about whats going on across our entire footprint, not just one community, it adds a whole lot to our credibility, said Brennan. Together, customer facing teams demonstrate alignment, speaking with a stronger, more unified voice.
Also Check: How To Loan Money From Zenith Bank
Financial Results And Condition
Since August 2006, all 11 banks have been registered with the United States Securities and Exchange Commission and all financial statements and other filings are available to the public at the SEC web site .
On August 5, 2011, the Federal Housing Finance Agency announced that the FHLBanks had satisfied their obligation to make payments related to the Resolution Funding Corporation bonds. The Banks were required to pay 20 percent of their net income toward the RefCorp bond payments. Each Bank now pays 20% of its net income into its own separate restricted retained earnings account until the account equals one percent of that Bank’s outstanding consolidated obligations.
At December 31, 2014, each of the FHLBanks was in compliance with its statutory minimum capital requirements and the FHLBank System as a whole was above its minimum capital requirements.
On March 27, 2015, the FHLBanks Office of Finance published the 2014 Combined Financial Report. For 2014, the FHLBanks recorded net income of $2,245 million. Combined assets of the FHLBanks were $913.3 billion as of December 31, 2014. Of this total, advances equaled $571 billion. Investments were the second largest component at $267 billion. Mortgage loans held for portfolio were $44 billion. The FHLBanks made affordable housing contributions of $269 million in 2014.
What Makes A Great Partner
A great partner is always by your side, ready to help. A great partner brings understanding, as well as additional perspective and expertise. A great partner makes your life easier and more rewarding.
The Federal Home Loan Bank of Atlanta is your premier partner for securing funding to attract and retain members and better serve your community when you need it not simply when its convenient.
Also Check: Pay Off Car Loan Early Calculator Lump Sum
Federal Home Loan Bank Of Atlanta Declares A 411% Dividend For Second Quarter 2022
CONTACT: Federal Home Loan Bank of Atlanta [email protected]
Federal Home Loan Bank of Atlanta Declaresa 4.11% Dividend for Second Quarter 2022
ATLANTA, July 28, 2022 The board of directors of the Federal Home Loan Bank of Atlanta today approved a second quarter 2022 cash dividend at an annualized rate of 4.11 percent.
FHLBank Atlanta works hard to deliver consistent value to our members through all economic cycles, said FHLBank Atlanta Chair of the Board, Rick Whaley. The board of directors is pleased to deliver this second quarter dividend to our members.
The dividend rate is 3.40 percentage points over the daily average Secured Overnight Financing Rate for the second quarter of 2022. The dividend payout will be calculated based on shareholders capital stock held during that period and will be credited to shareholders daily investment accounts at the close of business on August 2, 2022.
If you have questions, please contact FHLBank Atlantas Funding Desk at 1.800.536.9650, ext. 8011.
For more information, visit our website at www.fhlbatl.com.
Cdfis Seek Federal Home Loan Bank Membership
Since their creation in the 1990s, community development financial institutions have worked to aggregate capital to help economically distressed communities across the United States. Because CDFIs have a mission to serve distressed or low-income communities, they are a natural partner for banks and other investors. Even so, long-term, affordable financing is one of the most pressing and persistent challenges facing the CDFI industry. Regulatory and business cycle pressures have tended to limit the borrowing terms available to CDFIs.
This article will discuss the current state of CDFI-Federal Home Loan Bank membership. It focuses on several new FHLBank members in the Atlanta region, providing lessons that could be useful to others considering FHLBank membership.
CDFI-FHLBank historyThe 2008 Housing and Economic Recovery Act authorized nondepository CDFIs certified by the Treasury Department’s CDFI Fund to become members of the FHLBank system. Chartered by Congress in 1932 to support mortgage lending, Federal Home Loan Banks lend to organizations that support housing finance and community development. It was envisioned that CDFI membership in an FHLBank would pave the way for access to low-cost short- and long-term financing and that FHLBank advances, liquidity tools, and grants would provide CDFIs with a new source of capital for lending in low-income communities.
For information on the CDFI loan funds mentioned in this article, visit
Read Also: How To Fill Out Student Loan Application
Federal Home Loan Bank Of Atlanta Announces Second Quarter 2022 Operating Highlights
ATLANTA, July 28, 2022 — Federal Home Loan Bank of Atlanta today released preliminary unaudited financial highlights for the quarter ended June 30, 2022. All numbers reported below for the second quarter of 2022 are approximate until the Bank announces unaudited financial results in its Form 10-Q which is expected to be filed with the Securities and Exchange Commission on or about August 5, 2022.
Net income for the second quarter of 2022 was $27 million, a decrease of $29 million, compared to net income of $56 million for the second quarter of 2021. This difference in net income is primarily due to no significant advance prepayment fees during the second quarter of 2022 compared to $46 million of advance prepayment fees during the same period in 2021. Partially offsetting this decrease was a $24 million increase related to higher advance balances. Additionally, during the second quarter of 2022, the Bank made a $5 million voluntary, non-statutory contribution to its Affordable Housing Program which also reduced net income for the quarter.
Federal Home Loan Bank of AtlantaFinancial Highlights
The selected financial data above should be read in conjunction with the financial statements and notes and Managements Discussion and Analysis of Financial Condition and Results of Operations included in the Bank’s Second Quarter 2022 Form 10-Q expected to be filed on or about August 5, 2022 with the SEC.
About the Federal Home Loan Bank of Atlanta
A Nation Of Local Lenders
There are 11 FHLBank districts nationwide, including FHLBank Atlanta that covers Alabama, Florida, Georgia, Maryland, the Carolinas, Virginia, and Washington, D.C. Each FHLBank focuses on lending to institutions that build and strengthen the local community, yet each manages that mission independently.
Because we are a cooperative, were owned by our customers. And in Atlanta, that mix includes everything from name brand commercial banks to a single-office credit union that supports a local church, said Brennan. We take our role as their trusted advisors very seriously the guidance we give and the decisions we make will have long term implications not necessarily for the Bank, but more so for our members.
This model creates a unique dynamic between FHLBank Atlanta and its members. Brennan and the rest of the FHLBank Atlanta team are solely focused on meeting members business and funding needs and on making smart investments that ultimately create more value for members.
However, Brennan and team have to compete against other entities if they are going to be successful in meeting the funding needs of the Bank’s members. Just because they own us doesnt mean they have to work with us, said Brennan. As customers, our members are looking for the best option. And there are a lot of options for sourcing funding, so its really important that we understand who they are and what they need so that we can build lasting relationships.
BART joins our podcast
Read Also: What Bank Offers Lowest Car Loan Interest Rate
Best Practices From Fhlbank Atlanta
- Collaboration: We meet frequently we have sales meetings once a week with two different groups. And in those meetings, we go around the room and find out whats happening in, say, Virginia that might translate to North Carolina. Those meetings were effective before, but not everyone was able to meet every time because they were on the road, and sometimes its hard to remember every conversation youve had with a member over the past week, said Brennan. Now, were continuing to have those meetings, but theyre based on data were inputting into the CRM real-time, so nothing is slipping through the cracks.
- Mobile access: A few months ago, one of our sales reps was in Alabama for a few days for a customer meeting, which ended up getting cancelled. So, all of a sudden he found himself with a window of time and nothing to do with it. And he was out of the office, so wouldnt have had access to pull the information hed need to make a meaningful sales call, said Brennan. But with the new CRM in place, he was able to pull all the information he needed, contact the member, and set up a really productive sales call from his iPad on the fly. That never would have happened before. He may have been able to set up a handshake or update meeting, but not something that would have provided the kind of value he was able to provide.
Federal Home Loan Bank Of Atlanta Announces New Member Of Its Affordable Housing Advisory Council
ATLANTA, May 23, 2022 — Federal Home Loan Bank of Atlanta announced today that it has appointed one new member to its Affordable Housing Advisory Council . The Council serves an important role in helping FHLBank Atlanta fulfill its community lending and affordable housing mission, and works closely with the board of directors and management to ensure the community lending and housing finance needs of communities within the Banks district are met. There are 15 seats on FHLBank Atlantas Council.
About the Affordable Housing Advisory Council FHLBank Atlantas Affordable Housing Advisory Council comprises 15 representatives from a diverse group of community and nonprofit organizations actively involved in providing or promoting low- and moderate-income housing and community lending within FHLBank Atlantas district. The Council provides advice to FHLBank Atlantas board of directors regarding ways in which the Bank can enhance the effectiveness of its housing finance and community lending mission.
For more information, visit our website at www.fhlbatl.com.
CONTACT: Peter E. GaruccioFederal Home Loan Bank of [email protected]
Also Check: How Much Interest On House Loan