KEY COMMUNITY BANK partners with Federal Home Loan Bank of Des Moines to award $10,000.00 to Neighbors, Inc. through the Member Impact Fund

Inver Grove Heights, Minnesota June 13, 2025– KEY COMMUNITY BANK, in partnership with Federal Home Loan Bank of Des Moines (FHLB Des Moines), is pleased to announce that NEIGHBORS, INC. received a $10,000.00 grant from the Member Impact Fund. This
matching grant program resulted in FHLB Des Moines awarding $20 million in funding to
support affordable housing and community development in Minnesota.

As a member of the Federal Home Loan Bank of Des Moines, Key Community Bank is
blessed to have had the ability to support Neighbor’s, Inc. and their various hunger relief
programs. These programs are invaluable to children, seniors, veterans, and many others in
our local communities.

Jason Erdman
President & CEO of Key Community Bank

KEY COMMUNITY BANK has been a proud partner of NEIGHBORS, INC. since 2008.
Together, they have been dedicated to improving their community through affordable
housing and community development initiatives.

On behalf of Neighbors, Inc., we would like to thank Key Community Bank and the Federal
Home Loan Bank of Des Moines for their generous $10,000 Member Impact Fund
grant. Because of your generosity, you have reinforced the foundation of our community.
We currently serve over 100,000 people per year through our multiple Hunger Relief
programs, which nearly half of those represent seniors and children. Beyond the financial
support, your gift is a statement to the community that people matter and that there are
community leaders who are working towards creating a brighter future. We are truly
thankful for your partnership in building a stronger and more resilient community.

Dawn Wambeke
Executive Director of Neighbors, Inc.

FHLB Des Moines 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.

“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 selected 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.

This member matching grant program is part of FHLB Des Moines’ ongoing mission to offer
a variety of funding options through its members.

Since its founding in 2023, the Member Impact Fund has supported affordable housing and
community development with nearly $70 million in grants awarded by FHLB Des Moines.
Member institutions apply and receive Member Impact Fund matching grants to be
distributed to eligible organizations alongside their own grant contribution.

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About Federal Home Loan Bank of Des Moines
The Federal Home Loan Bank of Des Moines is deeply committed to strengthening
communities, serving 13 states and three U.S Pacific territories as a member-owned
cooperative. We work together with over 1,200 member institutions to support affordable
housing, economic development and community improvement.

FHLB Des Moines is one of 11 regional Banks that make up the Federal Home Loan Bank
System. Members include community and commercial banks, credit unions, insurance
companies, thrifts and community development financial institutions. FHLB Des Moines is
wholly owned by its members and receives no taxpayer funding. For additional information
about FHLB Des Moines, please visit www.fhlbdm.com.