West Jordan—American United Federal Credit Union, in partnership with Federal Home Loan Bank of Des Moines, is pleased to announce that NeighborWorks Salt Lake will receive an $18,000 grant from the FHLB Des Moines Member Impact Fund. This matching grant program, which was introduced in 2023, provides up to $15 million to eligible organizations in order to strengthen communities in targeted areas of the FHLB Des Moines district. 

“We are honored to partner with the Federal Home Loan Bank of Des Moines and support the invaluable work of NeighborWorks Salt Lake,” said Jacob Bowman, Executive VP at American United Federal Credit Union. “By collaborating to provide educational resources, programs, and opportunities for our neighbors, we hope to make a meaningful and lasting impact on the lives of individuals and families in Salt Lake. Together, we can build a stronger, more inclusive community where everyone has the opportunity to thrive.” 

American United Federal Credit Union, a trusted financial institution deeply rooted in the community, has long been driven by its mission to Help When Others Won’t and to provide equitable opportunities for all individuals. Their core values have guided their actions, consistently inspiring them to seek avenues for positive change and to empower individuals and families to achieve financial well-being. 

“FHLB Des Moines is very pleased to partner with American United Federal Credit Union through the Member Impact Fund. The fund enables our members to connect directly with local organizations who matter to them, creating value and lasting impact in their own communities,” said Kris Williams, President/CEO of FHLB Des Moines. “The commitment of members like American United Federal Credit Union, and their connections to organizations like NeighborWorks Salt Lake, help advance the good work being done in its community.” 

The Member Impact Fund matching program is available to organizations located in Hawaii, Idaho, Utah, Wyoming, Guam, American Samoa, and the Northern Mariana Islands. Member institutions in these locations submitted applications in March and April 2023; funds were distributed directly to the member institution, which then provide the funding alongside a matching grant from FHLB Des Moines for the partner/recipient organization.

Recipient organizations were selected based on the needs for grant funding to support capacity-building or working capital necessary to strengthen their ability to serve affordable housing or community development needs, including training, predevelopment assistance, management information systems or software, strategic planning, market study or community needs assessment, and working capital. 

“NeighborWorks Salt Lake values the commitment of American United Federal Credit Union and their partnership to serve our community and help families,” says Maria Garciaz, CEO of NeighborWorks Salt Lake. “We are grateful for the funds made available by the FHLB Member Impact Fund. It will have a tremendous impact in helping us serve more families.” 

NeighborWorks Salt Lake has a proven track record of transforming lives and communities through its commitment to building stronger neighborhoods, providing access to affordable housing, offering financial education, and promoting community engagement. 

The decision to donate $18,000 to NeighborWorks Salt Lake was driven by a shared vision of equitable housing opportunities, financial empowerment, and community growth. This substantial contribution will enable NeighborWorks Salt Lake to expand its impactful programs, reaching even more individuals and families in need. 

American United Federal Credit Union is a member-owned financial cooperative that provides a wide range of financial products and services, including savings and checking accounts, loans, credit cards, and financial education. With over 26,000 members and 11 branches throughout Utah and California, American United is committed to Helping When Others Won’t by offering competitive rates, approving loans even if they’ve been denied elsewhere, and partnering with their members to achieve their optimum financial wellness. 

For more information about American United Federal Credit Union, visit www.amucu.org.