United State Bank and Bank of Monticello Team Up To Strengthen Heartland Resources
The Member Impact Fund is a 3 to 1 matching grant program that brings local community banks together with nonprofits to make a meaningful difference. By working alongside with Bank of Monticello and United State Bank, Heartland Resources helps strengthen community development efforts and addresses critical needs identified at the local level.
Across Missouri, 956 applications received funding in collaboration with 174 member institutions. For every $1 contributed by a participating member, FHLB Des Moines provided $3 in matching funds, resulting in nearly $6.5 million from members and $19.4 million from FHLB Des Moines, for a total of $25.9 million invested in 722 nonprofits throughout Missouri communities.
Since launching in 2023, the Member Impact Fund has delivered more than $106 million in grants from FHLB Des Moines, helping generate over $144 million in combined support for affordable housing and community development across the district.
I give all the credit to Bank of Monticello and United State Bank for getting these grants to Heartland Resources today. The banks had to pick who to give the grants to and they had to contribute from their own earnings before FHLBDM contributed the matching portion. Obviously Heartland is doing great work or they would not have been selected. It truly takes a community to get this done and God bless you for the work you do!.
Congratulations to Heartland Resources, Bank of Monticello and United State Bank!!
