-

McLennan Community Investment Fund Receives $8K Grant

FHLB Dallas and Insurors Indemnity Company Partner on Funding

original From left to right: Dave Talbert, president, Insurors Indemnity Company; Bill Vance, president, McLennan Community Investment Fund and Tom Chase, chairman, Insurors Indemnity Company. (Photo: Business Wire)

From left to right: Dave Talbert, president, Insurors Indemnity Company; Bill Vance, president, McLennan Community Investment Fund and Tom Chase, chairman, Insurors Indemnity Company. (Photo: Business Wire)

WACO, Texas--(BUSINESS WIRE)--Insurors Indemnity Company and the Federal Home Loan Bank of Dallas (FHLB Dallas) have partnered to award $8,000 in Partnership Grant Program (PGP) funds to McLennan Community Investment Fund (McCIF).

The funding was celebrated during a ceremonial check presentation on September 14.

“McCIF offers small business loans and business training to McLennan County small businesses, providing the funding and expertise that is instrumental in fostering economic growth, innovation and jobs in our communities,” said Dave Talbert, president and CEO of Insurors Indemnity Company.

McCIF will use the funding to build its organizational capacity by offsetting administrative and operational expenses and strengthening the governance of the organization, which is seeking certification from the United States Treasury Department as a Community Development Financial Institution (CDFI). Certification will allow McCIF to participate in a number of Treasury and Small Business Administration financing programs including New Market Tax Credits and direct loans and grants to grow its ability to lend.

“This FHLB Dallas funding will further our efforts to assist small businesses in McLennan County and help them grow,” said Bill Vance, McCIF president. “We are very thankful for this funding from FHLB Dallas and Insurors Indemnity Company.”

For 2021, FHLB Dallas awarded $400,000 in PGP grants, and its members provided an additional $200,250 for an impact of more than $600,000 in its five-state District of Arkansas, Louisiana, Mississippi, New Mexico and Texas.

“We value our partnership with Insurors Indemnity, and we look forward to the fruits of this partnership through the growth of small businesses in McLennan County via the work of McCIF,” said Greg Hettrick, first vice president and director of Community Investment at FHLB Dallas.

See the complete list of the 2021 PGP grant recipients. For more information about the 2021 PGP grants and other FHLB Dallas community investment products and programs, please visit fhlb.com/pgp.

About Insurors Indemnity Company

Based in Waco, Texas, Insurors Indemnity is a regional insurance carrier supported by over 350 independent agents who market the company’s Property & Casualty and Surety products in Arkansas, Arizona, New Mexico, Nevada, Kansas, Louisiana, Oklahoma, Texas and Utah. A focus on commonsense underwriting coupled with fast and friendly service underpins Insurors’ approach to offering innovative and competitively priced insurance products. For more information visit insurorsindemnity.com

About the Federal Home Loan Bank of Dallas

The Federal Home Loan Bank of Dallas is one of 11 district banks in the FHLBank System created by Congress in 1932. FHLB Dallas, with total assets of $58.6 billion as of June 30, 2021, is a member-owned cooperative that supports housing and community development by providing competitively priced loans and other credit products to approximately 800 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico and Texas. For more information, visit our website at fhlb.com.

Contacts

Corporate Communications
Federal Home Loan Bank of Dallas
fhlb.com
(214) 441-8445

Industry:

Federal Home Loan Bank of Dallas

Release Summary
Insurors Indemnity Company and FHLB Dallas have partnered to award $8K in Partnership Grant Program funds to McLennan Community Investment Fund.
Release Versions
English
Hashtags
#McCIF
#Waco
#smallbusiness

Contacts

Corporate Communications
Federal Home Loan Bank of Dallas
fhlb.com
(214) 441-8445

More News From Federal Home Loan Bank of Dallas

FHLB Dallas and Community Bank of Mississippi Award $150K Grant to Mission First Inc. in Jackson, Mississippi

JACKSON, Miss.--(BUSINESS WIRE)--The Federal Home Loan Bank of Dallas (FHLB Dallas), through its member Community Bank of Mississippi (Community Bank), awarded a $150,000 Pathway Fund grant to Mission First Inc. (Mission First) to help expand services to accessible, affordable legal aid in Hinds, Madison and Rankin counties in Mississippi. The grant, awarded today during a ceremonial check presentation at Community Bank’s offices in Jackson, Mississippi, will help Mission First assist homeowner...

$150K Grant from FHLB Dallas and Community Bank of Mississippi to Assist North Mississippi Rural Legal Services to Help Homeowners Resolve Property Titles

TUPELO, Miss.--(BUSINESS WIRE)--The Federal Home Loan Bank of Dallas (FHLB Dallas), through its member Community Bank of Mississippi, awarded a $150,000 Pathway Fund grant to North Mississippi Rural Legal Services (NMRLS) to help address homeownership title issues. “This funding will allow us to reach more people who otherwise would have no access to legal help,” said Ben Thomas Cole II, executive director of NMRLS. NMRLS is a nonprofit that provides civil legal representation to low-income hom...

Mississippi Center for Legal Services Receives $150K Grant from FHLB Dallas and Community Bank of Mississippi to Support Housing Stability and Legal Aid

HATTIESBURG, Miss.--(BUSINESS WIRE)--Mississippi families will have a better chance to keep their homes and land thanks to a $150,000 grant from the Federal Home Loan Bank of Dallas (FHLB Dallas) and Community Bank of Mississippi to the Mississippi Center for Legal Services (MCLS). The funding will provide critical legal assistance to low-income residents struggling with heirs’ property issues, which occur when property lacks a clear title. ”This grant will allow us to expand our outreach,” sai...
Back to Newsroom