Membership Application

The following is a list of Forms, Applications and Documents that are required for membership at the HLB. These documents are available in PDF format.

Please submit:

1. The Membership Application Package - this interactive package contains all information, including and required forms and agreements. You have the option to print out the forms individually in this file.
2. Charter, Organization Certificate or Certificate of Authority and Certificate(s) of Name Change; for state-chartered non-NCUA insured CDFI credit unions, CDFI community development loan and venture capital funds, provide Certificate of Incorporation and CDFI Fund Certification. If the CDFI Fund Certification is more than 3 years old, provide a written statement, on your institution’s letterhead, attesting that there have been no material events or occurrences since the date of certification that would adversely affect your strategic direction, mission or business operations.
3. For institutions not filing FFIEC Call Report, provide completed FHLBNY Preliminary Worksheets; for life insurance companies, provide SAP Quarterly and Annual Statements and the latest NAIC authorized control level risk-based capital requirements and ratio; for CDFIs, provide regulatory financial reports.
4. Latest two Audited Financial Statements, if unavailable, CPA conducted Directors’ Examination, External Auditors’ Review of Financial Statements, External Auditors’ Compilation of Financial Statements or Independent Accounts’ Report on Applying
   Agreed-Upon Procedures; Management Letter and Response; holding company Annual Report, Forms 10-K and 10-Q.
5. Response to the Safety and Soundness Examination Report.
6. Community Reinvestment Act Performance Evaluation, if unavailable, informal or preliminary CRA performance evaluation.
7. For institutions not subject to the CRA or those that do not have a satisfactory CRA rating, provide a home financing policy written justification, on your institution’s letterhead, detailing specifically how and why your home financing policy is consistent with the FHLB System’s housing finance mission, as well as how and why your home financing credit policy and lending practices meet the credit needs of your community.
8. Written notification to primary regulator indicating your institution’s intent to join FHLBNY.
9. A minimum of two Global Authorization Forms (GAF) are required, but fill out as many forms as necessary. (The GAF designate your institution’s entitlements and authorization to execute wires, advances, securities safekeeping trades, letters of credit and access to 1Link^sm for accessing reports and/or processing transactions.)
10. If your institution intends to process transactions on 1Link, submit a Security Device Application Form for all individuals requesting 1Link transaction authorization.
11. If your institution intends to pledge mortgages as collateral, submit loan data through FHLBNY File Transfer Service.
12. If your institution’s charter approval date is within 3 years of the date FHLBNY receives your Membership Application, provide Business Plan for Charter Application and a makes long-term home mortgage loans written justification, on your institution’s letterhead, detailing specifically how your home financing credit policy and lending practices include originating or purchasing home mortgage loans with a term to maturity of 5 years or greater.
13. If your institution involved in a significant merger in the last 6 or next 2 quarters, provide combined regulatory financial reports or pro forma combined financial statements.

Please also submit the following documents to help us understand your needs:

1. Latest business plan.
2. Asset/Liability management and interest rate risk policy.