Michelle Wonders, Senior Collateral Specialist


Michelle first started at FHLB Des Moines as a key punch operator in 1980 and worked in a variety of roles including running a check sorter, tape librarian, and computer operator before joining the then-named Finance Department in 1994. There, Michelle assisted with taking advances, balancing and several collateral processes. During her career, Michelle has seen the Member Collateral Verification (MCV) process evolve from a small function at the Bank into a larger team of review analysts, senior analysts, and Collateral Review Managers.

Today, as a Senior Collateral Specialist, Michelle supports the Collateral Review Analysts who complete the MCV processes by compiling the pre-MCV information and creating sample loan lists of the loans that the member has pledged to FHLB Des Moines. Working closely with members helps Michelle understand their needs and allows her to do what she loves – helping others and serving members the best that she can. With a team based remotely across the Bank’s district, collaboration is critical to the team’s success, which is why Michelle keeps the Bank’s values in mind, specifically teamwork, integrity, respect and empowerment.

Michelle’s impact is easily recognized by her team. Barbara Loper, Assistant VP and Manager of Collateral Review, appreciates that Michelle never hesitates to pick up the phone and walk members through our collateral processes. Michelle’s sincere dedication to her role and FHLB Des Moines members guides her to always do the right thing. The commitment that Michelle has shown through the years has not only made her a key member of the Collateral department, but to all FHLB Des Moines employees.

When she’s not excelling at the office, Michelle loves her other role in life: grandmother. She enjoys spending time with her grandchildren and is also an avid reader and self-proclaimed movie and trivia buff. Michelle loves attending concerts and plays, taking photographs, and writing – anything creative really sparks her passion!

Michelle can be reached at mwonders@fhlbdm.com or 515.412.2419