PITTSBURGH--(BUSINESS WIRE)--The Federal Home Loan Bank of Pittsburgh (FHLBank) announced today that, in the first half of 2017, three new members joined the Bank’s cooperative of commercial banks, credit unions, insurance companies, community development financial institutions and thrifts in Delaware, Pennsylvania and West Virginia. The variety of member types contributes to FHLBank’s strength and flexibility for its membership and has a positive impact on a wide range of local communities.
“We are pleased to welcome these new members into the Bank and look forward to serving their liquidity needs,” said Winthrop Watson, FHLBank’s President and Chief Executive Officer.
As FHLBank members, BNY Mellon, National Association; Delta Dental Insurance Company; and Viriva Community Credit Union may now access FHLBank’s suite of financial services. This includes low-cost loans (advances), which may be used for community development lending, asset/liability management and general funding.
About BNY Mellon
BNY Mellon, National Association, is part of the Bank of New York Mellon Corporation. Started by Alexander Hamilton in 1784, BNY Mellon is one of the longest-lasting financial institutions in the world. Today, the investment management and investment services company oversees $30.6 trillion and has become one of the world’s top ten investment managers. For more information about BNY Mellon, visit www.bnymellon.com.
About Delta Dental Insurance Company
Delta Dental Insurance Company is part of the Plans Association, a network of companies that provides insurance coverage to 74 million people in the U.S. For more information, visit www.deltadentalins.com.
About Viriva Community Credit Union
Chartered in 1936, Viriva Community Credit Union has a legacy of service to members and their families. Today, the credit union offers a full range of convenient banking services. For more information about Viriva Community Credit Union, visit viriva.com.
About FHLBank Pittsburgh
As an intermediary between global capital markets and local lenders, FHLBank Pittsburgh provides readily available liquidity, as well as affordable housing and community development opportunities, to member financial institutions of all sizes in Delaware, Pennsylvania and West Virginia. The Bank is part of the Federal Home Loan Bank System, which was established by Congress in 1932 and serves as a reliable source of funds for housing, jobs and growth in all economic cycles. To learn more, visit www.fhlb-pgh.com.