Meet Wil Osborn - FHLB Des Moines Chief Business Officer
last updated on Thursday, August 13, 2020 in General
Wil W. Osborn was named chief business officer of Federal Home Loan Bank of Des Moines on August 3, 2020. Wil has responsibility for the Bank’s member-facing departments including community investment, funding product group, marketing communications, member experience, member relationships and solutions and the mortgage product group. Wil comes to the Bank from Federal Home Loan Bank of Topeka where he served as senior vice president and chief financial officer starting in 2006. Read Wil's full bio here.
We sat down with Wil and asked him a few questions to learn more about him in order to give our membership a proper introduction during these virtual-first times.
What are you most looking forward to in your new role at FHLB Des Moines?
As the new chief business officer, I am excited to work with the team at FHLB Des Moines. In our unprecedented environment, finding ways we can help members will be both challenging and rewarding. I am confident that we will continue to identify ways that we can increase the value that the Bank provides to our members.
Can you speak a bit about your previous experience?
My career experience has been mainly in the banking and investment industries. I have recommended investment strategies for credit unions, managed the investment portfolio for a Midwestern regional bank and implemented a comprehensive profitability and performance measurement system for another Midwestern commercial bank.
I spent the last 10 years at Federal Home Loan Bank of Topeka as the chief financial officer overseeing the financial management group that consisted of accounting, capital markets and banking strategies. During this time, I not only focused on the financial aspects of the Bank, but also had the opportunity to meet and work with many members. I am excited to use my investment and finance skills at FHLB Des Moines to help serve our members and meet their financial needs.
As a cooperative, we exist to serve our members and their funding needs. Why is the partnership between members and FHLBanks so important and what makes it so beneficial?
The FHLBanks were designed to provide liquidity to financial institutions so that they could serve their customers. Although much has changed since the time of George Bailey and the Bailey Savings and Loan in the movie “It’s a Wonderful Life,” the FHLBanks are still focused on the same goal.
To provide liquidity and funding to members, an FHLBank needs to be strong; by limiting risk, staying in good regulatory standing and remaining profitable over the long term. The cooperative structure of the Bank facilitates this by aligning the needs of the member and the Bank and by encouraging strategies that are a win for both the member and the Bank.
How do you plan to get to know the FHLB Des Moines membership?
That is a difficult question in the current environment. I hope to be able to travel again sometime soon and meet many of our members in-person. Until then, I am considering all options including phone calls, email messages and video conferences. (I liked the idea of using an RV to travel the district and play golf with as many members as possible, but that plan has been nixed.)
Have you visited Des Moines before? What excites you the most about moving to Des Moines?
I have only visited Des Moines a few times, but have enjoyed the feel of the city. Prior to living in Topeka for 14 years, our family lived in several areas around the country. In fact, each of my four kids were born in a different state. We love the fact that we have good friends in many states. We are excited to learn about the Des Moines area and make many more new friends.