PITTSBURGH (12/27/12)--Guthrie FCU in Sayre, Pa., is the newest member of the Federal Home Loan Bank (FHLBank) of Pittsburgh, the FHLBank announced Monday.
The FHLB is a three-state financial institution cooperative of commercial banks, thrifts, credit unions and insurance companies in Delaware, Pennsylvania and West Virginia.
The $62 million asset Guthrie FCU has membership spanning more than 60 common bonds of community activity, including families, businesses and nonprofits. Guthrie FCU is the 28th credit union member to join FHLBank Pittsburgh (Business Wire Dec. 26).
Earlier this month, AmeriChoice FCU in Mechanicsburg, Pa., with $165.8 million in assets, also joined the FHLB-Pittsburgh.
Membership in FHLBank Pittsburgh supports Guthrie FCU's liquidity by providing access to FHLBank's product line of financial services, including low-cost loans (advances), which can be used for community lending, general asset/liability management and financing.