FHLBank Chicago Director Elections
The Board of Directors of the Federal Home Loan Bank of Chicago (FHLBank Chicago) is responsible for overall management and oversight of FHLBank Chicago pursuant to the Federal Home Loan Bank Act. Like each of the other FHLBanks, our Board of Directors is composed of two types of directors: member and independent.-director-election.png?sfvrsn=19c0a179_3)
About the FHLBank Chicago 2026 Director Election
The 2026 Director Election announcement containing Member Director nomination certificates and additional information regarding the 2026 Director Election process were distributed electronically through Survey & Ballot Systems (SBS) to all eligible stockholders in our District on June 22, 2026.
Member and Independent Director 2026 Election Schedule
June 22 | Start of the 2026 Election of Federal Home Loan Bank of Chicago Member and Independent Directors. Nomination process opens for member institutions in the voting states for 2026. |
July 23 | Member Director Nomination deadline. All nominations for member directorship must be received by 5:00 PM CT, July 23, 2026. |
July 23 | Independent Director Application deadline. All applications for independent directorship must be received by 5:00 PM CT, July 23, 2026. |
August 24 | Member Director nominee acceptance deadline. Candidates running for election must return the completed Member Director Eligibility Form. All forms must be received by 5:00 PM CT, August 24, 2026. |
September 3 | Independent Director nominees will be confirmed. Applicants who submitted applications for independent directorship will be notified of ballot placement determination. |
September 15 | Approx. date when Member and Independent Director ballots will be sent to eligible member institutions in the designated voting states for 2026. |
October 20 | Voting deadline. Ballots must be received by 5:00 PM CT, October 20, 2026. The Federal Home Loan Bank of Chicago will announce the results of the 2026 Election of Federal Home Loan Bank of Chicago Member and Independent Directors once the results have been confirmed. Newly elected Directors take office January 1, 2027. |
Director Election Info and Materials
To serve as a Member Director, each Member Director nominee must satisfy the following eligibility criteria at all times including, if elected, throughout their term of service as director:
- Be a citizen of the United States, and
- Hold the position of officer or director at a current FHLBank Chicago member institution, located in Illinois or Wisconsin, that meets their current minimum regulatory capital requirements.
Nominees are expected to represent current member institutions that will continue to satisfy applicable minimum regulatory capital requirements. If the member director nominee also serves as an officer or director of another FHLBank Chicago member institution, that institution must also meet the applicable minimum regulatory capital requirements.
To serve as an Independent Director, each Independent Director nominee must satisfy the following eligibility criteria at all times including, if elected, throughout their term of service as director:
- Be a citizen of the United States,
- Be a bona fide resident of Illinois or Wisconsin, and
- Meet one of the following qualifications based on the particular Independent Directorships sought:
- Independent Directorship: have knowledge of or experience in one or more of the following areas: auditing and accounting, derivatives, financial management, organizational management, project development, risk management practices, and the law.
- Public Interest Independent Directorship: have more than four years’ experience directly representing consumer or community interests in banking services, credit needs, housing, or consumer financial protections.
Please note that if a nominee is elected for an Independent Directorship, they will be prohibited from serving as an officer of any Federal Home Loan Bank or as a director, officer, or employee of any member of FHLBank Chicago or of any entity that receives advances from FHLBank Chicago, for the duration of their term of service on the FHLBank Chicago’s Board of Directors.
Residency requirements are subject to strict scrutiny and review, and supporting documentation may be requested to substantiate that the Independent Director applicant satisfies these residency requirements.
Individuals interested in being considered for nomination for the Independent Director seat on the FHLBank Chicago Board of Directors must first submit an Independent Director Application Form. An executed copy of the Application Form must be submitted via email to directorelections@fhlbc.com by no later than 5:00 p.m. CT on July 23, 2026. Please note that all Application Form submissions must include a resume.
Independent Director Applications received after the deadline will not be considered; therefore, please allow ample time for delivery.
Download the Independent Director Application form.
The 2026 Director Elections will be conducted electronically through Survey & Ballot Systems (SBS). Ballots will be sent by email to participating member institutions approximately Tuesday, September 15, 2026.
All completed ballots must be received by FHLBank Chicago by 5:00 p.m. CT, Tuesday, October 20, 2026.
For more information, Director Election questions can be sent to Dana Gibbs, at directorelections@fhlbc.com.