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Two Cornerstone CU Leaders Vie for FHLB Board against Bankers
Tuesday, October 20, 2015 6:45 AM

Cornerstone Credit Union League members Jim Minge of Texas Trust Credit Union in Dallas/Fort Worth and Randall Dixon from Energy Capital CU in Houston are both running for seats on the Federal Home Loan Bank (FHLB) Board in Dallas.

The FHLB Dallas is one of 12 district banks in the Federal Home Loan Bank System created by Congress in 1932. The FHLB is a member-owned cooperative that supports housing and community development through low-cost funding and other credit products provided to approximately 900 member and affiliated institutions in Arkansas, Louisiana, Mississippi, New Mexico, and Texas.

Though the FHLB is a cooperative institution like credit unions, its board is controlled by bankers. Currently, Minge and Dixon are running against five bankers.

FHLB credit union members should have already received their election package for this year, including a voting ballot, so voting is a simple matter of selecting your favorite CU candidate and returning the ballot before the deadline date of Nov. 9.

Each term of board membership is four years.