Company Profile
Federal Home Loan Bank of Atlanta
Company Overview
About the Bank
FHLBank Atlanta is a cooperative bank that offers competitively priced financing, community development grants, and other banking services to help member financial institutions make affordable home mortgages and provide economic development credit to neighborhoods and communities.
We are one of 11 regional banks in the Federal Home Loan Bank System, which raises funds in the global financial markets and distributes the proceeds to members and local communities. Our members are commercial banks, credit unions, thrifts, and insurance companies headquartered in Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia, and the District of Columbia.
Established by Congress in 1932 to support mortgage lending, the Federal Home Loan Bank System provides a stable source of funding to federally insured depository institutions. Each FHLBank operates as an independent organization and is governed by a Board of Directors that is elected by member institutions.
Our products, services, and programs help financial institutions manage daily liquidity; fund mortgages originated for sale in the secondary market; fund loans and investments held in portfolio; improve their asset and liability management; meet community credit needs profitably; cover temporary deposit outflows; and reduce the funding cost of asset growth.
FHLBank Atlanta also serves the economic and housing needs of communities by providing local banks with flexible options for community development initiatives. We contribute 10 percent of our net income to community non-profits in the form of grants and subsidized advances that help build affordable housing. These funds have helped construct more than 65,000 affordable housing units in the Southeast and have contributed to job growth throughout the region.
Benefits
Community Involvement Volunteer Time Off
The Bank supports and encourages active volunteerism. Eligible employees are granted 24 hours of paid leave each calendar year to support a variety of organizations, including those that serve housing concerns, meet health-care needs, and address families’ special needs.
Everyday Appropriate Employee Dress
The everyday appropriate dress policy reflects the versatility and various roles the Bank’s employees engage in every day and allows employees to choose between traditional business attire and more casual business dress.
Onsite Fitness Facility
The Bank provides an onsite fitness facility free for employees. This benefit provides the opportunity to stay active and fit. Strength training equipment, treadmills, elliptical machines, and locker room facilities, including showers and towel service, are all offered as a complimentary benefit to Bank employees.
Transportation Benefits
The Bank supports the State of Georgia’s Clean Air Campaign® by offering all employees the opportunity to purchase discounted MARTA cards. Additionally, the Bank provides a subsidy for those employees who use van pools, commuter buses, and other transportation services.
Café 1475
The Bank’s onsite cafeteria offers a variety of daily menu items for both breakfast and lunch at discounted prices for Bank employees.