A new bill aims to expand the eligibility for Federal Home Loan Bank (FHLB) membership by including credit unions in the Community Financial Institutions (CFI) definition. This change could allow over 1,800 credit unions to join their regional FHLBank, providing them with reliable, low-cost liquidity and access to financial services. By expanding FHLBank membership, smaller financial institutions will have improved access to liquidity, which in turn lowers rates for consumers while ensuring their safety and soundness.

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