Profinium Bank Partners with Federal Home Loan Bank of Des Moines to Award over $228,000 to local Non-Profits in Southern Minnesota
Profinium Bank, in partnership with Federal Home Loan Bank of Des Moines (FHLB Des Moines), is pleased to announce over $228,000 in donations to eleven local non-profit organizations in Southern Minnesota.
FHLB Des Moines, through the Member Impact Fund, provides funding solutions to more than 1,200 members to support mortgage lending, economic development and affordable housing in the communities they serve. The Member Impact Fund provides FHLB Des Moines members up to $3 for every $1 in matching grant donations to strengthen the ability of not-for-profits or government entities to support the needs of their communities.
“We’re proud to join forces with FHLB Des Moines to invest in our communities in meaningful ways. The nonprofits recommended for a grant are driving impactful results.” says Joel Staehling, CEO of Profinium Bank. “It’s not just about writing a check—it’s about backing the dreams and hard work of those strengthening the future of our communities. It’s an honor to have another opportunity to build upon the existing relationships we have with these organizations.”
“The Member Impact Fund continues to be a powerful resource in supporting our members as they expand access to affordable housing and drive community development,” says Kris Williams, president and CEO of FHLB Des Moines. “It’s inspiring to see the partnerships centered around improving local communities in such a variety of ways.”
Recipient organizations were recommended by Profinium and approved by FHLB Des Moines 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 job training, affordable housing, financial literacy, food banks and youth programs.
Recipients of the FHLB Member Impact Fund:
- Oak Hill Community Connections – provide centralized support services and short-term housing.
- Owatonna Business Development Center – Assist small businesses by providing coaching, mentoring and facility space.
- Greater Mankato Growth, GreenSeam – assist new ag businesses by offering coaching and assisting with building connections locally.
- Minnesota Soybean Growers association – host the young & emerging farmer leadership program for new farmers learning the financial aspects of owning a small business
- Mankato Family YMCA – support their mentorship programs that provide educational and coaching opportunities for youth.
- Mankato Ballet Company – support their programs that empower youth through creativity, teamwork and coaching.
- Minnesota FFA Foundation – continue their leadership programs that prepare youth for careers in agriculture.
- Minnesota Pork Board – Support their annual Young Leaders in Agriculture Conference.
- FarmAmerica – Support youth programs that build leadership skills and help educate youth on the food chain and the importance of ag in our communities.
- Truman Fire Department Relief Association – Contribute to the fundraising goal to replace fire fighter gear and equipment that needs to be upgraded for the safety of the fire fighters.
- Fairmont Hockey Association – Support youth programs within the hockey association that promote healthy competition and positive mental health with the help of certified coaches.
Profinium, Inc. is a locally owned, home-grown community bank who believes in achieving dreams together with branch locations in Fairmont, Mankato, Owatonna and Truman. Profinium designs banking products and services so the ambitious and the busy can focus on making their amazing possible.
