Montana Credit Union partners with FHLB Des Moines to award $102,031 to local nonprofits through Member Impact Fund

Montana Credit Union, in partnership with the Federal Home Loan Bank of Des Moines (FHLB Des Moines), today announced that $102,031 will be donated to local nonprofit organizations, in partnership with the Member Impact Fund. This matching grant program is designed to amplify the community engagement of FHLB Des Moines member institutions that support local housing, business, and economic needs.

In Montana, 287 applications received funding through partnerships with 41 member institutions. FHLB Des Moines matched more than $2.40 for every $1 contributed by a member institution, resulting in $1.6 million from members and $4 million awarded by FHLB Des Moines.

“We are sincerely appreciative of this grant opportunity from the FHLB Des Moines,” stated Becky Timmons, Vice President of Marketing at Montana Credit Union. “The Member Impact Fund helps us boost our local donation dollars to organizations that are working to make our community better, safer, and stronger, and that makes a real impact in Montana.”

Montana Credit Union has been a proud partner of FHLB Des Moines since 2023. Together, they have been dedicated to improving their community through affordable housing and community development initiatives.

Montana Credit Union Member Impact Fund Grant recipients include the following:

 

Belt Performing Arts Center, $8,574 towards infrastructure updates to the historical theatre in Belt.

Big Brothers Big Sisters of Central Montana, $11,146 to be used for volunteer recruitment and development.

Boys & Girls Clubs of Cascade County, $10,289 will offset scholarship costs for kids attending summer programming.

CASA of Cascade County, $8,574 to increase program awareness and the number of trained volunteers that serve the program.

Family Promise of Great Falls, $8,574 to help families seeking stable housing.

Great Falls Development Alliance, $20,578 will be used to increase housing development capacity in Great Falls

Montana Council for Economic Education, $8,574 to improve economic and financial literacy for Montana’s youth.

NeighborWorks Great Falls, $8,574 for local homebuyer education opportunities.

Peace Place, $8,574 will be used to support summer programming for the kids and families they serve.

Toby’s House Crisis Nursery, $8,574 towards their mission of preventing child abuse and neglect through crisis and respite care.

 

“This funding is greatly appreciated and comes at a critical time, as we prepare for our summer programming for our Boys & Girls Club members,” stated Sonya Smith, Executive Director at the Boys & Girls Clubs of Cascade County. “During the summer months, our number of youth served increases significantly, and we never turn anyone away due to the ability to pay. This will help us provide a safe and fun learning environment this summer for local kids who need us the most.”

“The Member Impact Fund is designed to help our members champion the organizations that make a real difference in their communities,” said Kris Williams, president and chief executive officer of FHLB Des Moines. “By partnering with our members, we’re able to multiply resources and support their vital work as they continue to strengthen opportunities for the people they serve.”

Since its launch in 2023, the Member Impact Fund has provided more than $86 million in grants from FHLB Des Moines, generating over $119 million in combined support for affordable housing and community development. Notably, every eligible application submitted to the program has received funding, reflecting the Bank’s strong commitment to partnership and impact.