Dakotaland Federal Credit Union partners with Federal Home Loan Bank of Des Moines to award $8,750 to Inter-Lakes Community Action Partnership through the Member Impact Fund Grant Program
(Brookings, SD) (March 12, 2026) - Dakotaland Federal Credit Union, in partnership with Federal Home Loan Bank of Des Moines (FHLB Des Moines), is pleased to announce that Inter-Lakes Community Action Partnership (ICAP) of Brookings, 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.
Inter-Lakes Community Action Partnership is a community based non-profit organization which serves primarily low-income families and senior citizens in a 14-county area of East Central South Dakota. We administer a variety of programs supported through grants, donations, and other community resources to assist participants and their communities. Our vision is to have sustainable communities where children, families, and individuals reach their full potential. Dana Whitehouse, Inter-Lakes Community Action Partnership’s Self-Help Housing Director, commented, “We are grateful to Dakotaland Federal Credit Union for supporting our efforts in affordable housing and facilitating this grant from FHLB Des Moines. We are proud to partner with organizations that invest in our community, as this funding brings our next group of Mutual Self-Help Housing participants one step closer to homeownership." Learn more by visiting www.interlakescap.com.
Dakotaland Federal Credit Union’s Brookings Branch Manager, Dane Dornbusch shared, “ICAP runs a flawless self-help program to assist community members build their homes. We are proud to support this initiative and the overall mission of this community focused organization.”
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.
