IDB Global Federal Credit Union CEO Chip Lusk will serve a 4-year term on the Federal Home Loan Bank of Atlanta Board of Directors as Director of Membership beginning January 1, 2022.
WASHINGTON – January 25, 2022 – (Newswire.com)
IDB Global Federal Credit Union CEO Chip Lusk will serve a 4-year term on the Federal Home Loan Bank of Atlanta Board of Directors as Director of Membership beginning January 1, 2022.
Federal Home Loan Bank of Atlanta offers community development grants, financing, and banking services to help provide affordable mortgages and economic development to communities. FHLBank Atlanta is an SEC-reporting regional wholesale cooperative bank with over $75 billion in total assets.
The bank administered its board elections in accordance with the Federal Home Loan Bank Act through a direct ballot process. Mr. Lusk was elected through this process.
Mr. Lusk is the CEO of IDB Federal Credit Union Global, based in Washington DC. For more than 20 years of his career, he held leadership positions including CEO, COO and CFO. He holds a Bachelor of Business Administration in Finance, a Masters of Business Administration with a concentration in Accounting, as well as several industry certifications. Mr. Lusk volunteers in the local community helping the DC Financial Literacy Council, the DC Credit Union Foundation and causes important to the IDB community.
Mr. Lusk said, “I am honored to have been elected by my peers and excited to join the Federal Home Loan Bank of Atlanta Board of Directors as a member representing the District of Columbia. I look forward to working collaboratively with my colleagues on the FHLBank Board of Directors to support the Bank’s mission of serving its member financial institutions and their respective communities, customers and members.
FHLBank’s members, shareholders, and customers are credit unions, commercial banks, thrift institutions, community development financial institutions, and insurance companies located in Alabama, Florida, Georgia, Maryland, in North Carolina, South Carolina, Virginia and
the District of Columbia. FHLB Atlanta is one of 11 district banks in the Federal Home Loan Bank System. Since 1990, the FHLBanks have provided approximately $7 billion in Affordable Housing Program funds, helping more than 990,000 households.
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IDB Global Federal Credit Union CEO Elected to Federal Home Loan Bank of Atlanta Board of Directors
