Membership in the FHLBank System is available to insured depositories and certain other financial institutions. As of December 31, 2024, total membership was 6,486, comprised of 3,622 commercial banks, 541 savings institutions, 1,648 credit unions, 596 insurance companies, and 79 community development financial institutions (CDFIs).
Each member is a shareholder in one of the 11 regional FHLBanks, which are privately capitalized, separate corporate entities operating in a cooperative structure.