Members have access to a variety of credit and other financial services that support the housing finance and economic development needs of the member and its community. Through FHLBank's credit services, a member can access overnight and other short-term advance products to assist with liquidity management needs. In addition, the FHLBank's fixed-rate short- to long-term advances can be used to supplement retail deposits or to safely hold fixed-rate mortgages in portfolio. For member institutions that are lending to low- and moderate-income households and economic development, FHLBank provides grant funds or advances at below market rates.

FHLBank also offers a competitive alternative to selling conventional and FHA mortgages in the secondary market through its Mortgage Purchase Program. Member institutions also have access to numerous non-credit services that can streamline back-office operations and improve cash management practices. FHLBank offers a variety of deposit programs that are exempt from Reg F and rated AAA. Finally, in order to take advantage of FHLBank's services, an institution must be approved for membership and purchase FHLBank capital stock, an earning asset that pays quarterly dividends at competitive rates.