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  • Comment Detail

  • Date: 03/10/23
    First Name: Chad
    Last Name: Bollinger
    Email: bollingerc@cuofco.org
    Organization Type: other
    Organization: Credit Union of Colorado

  • Comment

    Credit Union of Colorado, headquartered in Denver with $2.3 billion in assets, has been a Federal Home Loan Bank Topeka member for more than a decade. Our relationship with FHLB is a material component of our liquidity risk management and mortgage lending programs. Through access to FHLB advances and the Mortgage Partnership Finance (MPF) program, we have been able to better manage risk and meet our members' demand for fairly-priced mortgage loans.

    We have pledged mortgage loans, including several eNotes, as collateral to secure our borrowing capacity. The process to pledge collateral is manageable and allows us to continue focusing on meeting the needs of our members and the communities we serve. Similarly, access to immediate, same-day funding via our line of credit or term advances enables us to be nimble and manage our liquidity position and cost of funds.

    Losing any element of our relationship with FHLB Topeka would be severely detrimental and would significantly impact our ability to serve our members and communities. They are a valued partner and support well our operational and risk management needs.