IDB Global FCU CEO Lusk Elected to Board of Directors of the Federal Home Loan Bank of Atlanta

Chip Lusk, President and CEO of Washington, DC-based IDB Global FCU, will begin serving a four-year term on January 1, 2022.

Chip Lusk

The Federal Home Loan Bank of Atlanta (“The Bank”) announced on September 28 that Lusk was elected to fill the member directorship that the Finance Agency designated for the District of Columbia.

The Bank conducted the director elections in accordance with the provisions of the Federal Home Loan Bank Act (“Bank Act”) and the rules and regulations of the Finance Agency. The Bank’s 2021 election of directors was conducted by direct ballot and not through the solicitation of proxies or at a stockholders meeting.

Lusk stated, “I am excited and honored to be elected by my peers to serve on the Board of Directors of the Federal Home Loan Bank of Atlanta as the member representative for the District of Columbia.”

FHLBank Atlanta is an SEC reporting, regional wholesale cooperative bank with over $75 billion in total assets. It serves the economic and housing needs of communities by providing local financial institutions with flexible options for community development initiatives.

The Bank’s members—its shareholders and customers—are credit unions, commercial banks, savings institutions, community development financial institutions, and insurance companies located in Alabama, Florida, Georgia, Maryland, 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 awarded approximately $7 billion in Affordable Housing Program funds, assisting more than 990,000 households.