(Huron, SD) (March 9, 2026) - Dakotaland Federal Credit Union, in partnership with Federal Home Loan Bank of Des Moines (FHLB Des Moines), is pleased to announce that GROW South Dakota will receive an $8,750 grant from the Member Impact Fund. This matching grant program will result in FHLB Des Moines awarding over $12.9 million in funding to support affordable housing and community development in Alaska, South Dakota, Guam, and the Commonwealth of the Northern Mariana Islands.
According to Dakotaland Federal Credit Union’s Chief of Strategy, Sarah Senska, “Supporting organizations like GROW South Dakota is an important part of Dakotaland Federal Credit Union’s mission to strengthen the communities we serve. Through this partnership with the Federal Home Loan Bank of Des Moines, we’re excited to amplify our investment and further support GROW SD initiatives. It’s exciting to see how collaboration like this can create a real impact for local families, businesses, and communities in South Dakota.”
GROW South Dakota’s mission is to provide innovative advancement of housing, education, and economic opportunities throughout South Dakota. Dakotaland Federal Credit Union works in partnership with GROW South Dakota to provide affordable financial products and services. Through this partnership, Dakotaland Federal Credit Union and GROW South Dakota are supporting economic prosperity for the communities they serve.
Marcia Erickson, Chief Executive Officer of GROW South Dakota, said, “This grant strengthens our partnership with Dakotaland Federal Credit Union and expands our ability to advance economic and housing opportunities. Together, we are creating stronger pathways for the communities we serve. We are grateful to Dakotaland Federal Credit Union for their support and to the Federal Home Loan Bank of Des Moines for providing the matching funds.“
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 with 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 is designed to help our members champion the organizations that make a real difference in their communities,” said Kris Williams, president and CEO of FHLB Des Moines. “By partnering with our members, we’re able to multiply resources and support their vital work as they continue to strengthen opportunities for the people they serve.”
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 launch in 2023, the Member Impact Fund has provided more than $83 million in grants from FHLB Des Moines, generating over $113 million in combined support for affordable housing and community development. Notably, every eligible application submitted to the program has received funding—reflecting the organization’s strong commitment to partnership and impact.