Thank you for your interest in becoming a new member. Before continuing, please ensure your institution meets the eligibility requirements prescribed by the Federal Housing Finance Agency (FHFA).

Membership with FHLB Des Moines is open to eligible commercial banks, thrifts, credit unions, insurance companies and community development financial institutions (CDFI's) whose charter or principal place of business (PPOB) is located in Alaska, Hawaii, Idaho, Iowa, Minnesota, Missouri, Montana, North Dakota, Oregon, South Dakota, Utah, Washington, Wyoming, the U.S. territories of American Samoa and Guam or the Commonwealth of the Northern Mariana Islands.

Step 1: General Application Materials

• Introduction Letter  
• Membership Application Checklist 
• Revised Capital Plan 
• Fee Schedule 
• Member Products Policy 

Step 2: Select Your Institution Type

• Banks and Thrifts
• Credit Unions (Credit Unions must hold at least 10% of total assets as residential home loans or mortgage-related assets) 
• Insurance Companies (Insurance Companies must hold at least 5% of total assets as residential housing finance related assets of total assets)
• Community Development Financial Institutions (CDFI’s) 
• De Novo Applicants (Approval for De Novo Applicants is Conditional) 
• Housing Associates

Step 3: Submit

Email your completed membership agreements and supporting documents to mfs-membership@fhlbdm.com.

Questions?

If your institution has questions regarding the Bank's membership application process, please contact Member & Financial Operations.