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Our membership is small credit unions and banks,
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medium-size banks and insurance companies,
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large insurance companies and banks.
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They all have the same needs. They need critical funding to provide their communities.
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The mission of the Home Loan Bank System, and specifically in Boston, is to provide funding and liquidity to support housing and community development in the communities that we serve.
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We are set up so that regardless of the market environment, regardless of what their liquidity needs are, they know that they can come to use each and every day.
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Whatever’s going on that can disrupt lending, we are the buffers to make sure that they continue to lend in the communities they serve.
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The Leader Bank has grown quite a bit over the years, and the reason we were able to grow that much is because of the relationship we built with Federal Home Loan Bank of Boston.
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It's the liquidity from the Federal Home Loan Bank which is helping out not only the customer, but also the Bank.
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Our mission is to provide liquidity and funding to our member financial institutions, but adjacent to that is this affordable housing and economic development mission whereby we’re providing those members with these subsidies
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so they can meet the critical needs of the communities that they serve.
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Any chance we have to increase affordable housing is important to this community.
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The Federal Home Loan Bank makes it possible for us to offer advantageous interest rates and extra equity for these affordable housing projects.
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In addition that, we participate in the Jobs in New England program, and we’ve been very
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fortunate to offer low fixed interest rates to some of these small businesses.
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We have relationship managers that work with each of our members, and to know them,
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get to know what their needs are, what their community’s needs are, and try to tailor products and services that might be helpful to them.
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The employees of the bank understand that one of the biggest benefits of working at
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the Home Loan Bank is the ability to hep the communities. What’s ingrained in our DNA that we are a service provider to the membership.
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What banks, community financial institutions do in their communities really makes it possible for people to buy homes, makes it possible for a small business owner to create jobs. So I’m really proud of that.
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We’re changing people’s lives. That’s what keeps me grounded and passionate about doing this work.