(Madison, SD) (March 6, 2026) - Dakotaland Federal Credit Union, in partnership with Federal Home Loan Bank of Des Moines (FHLB Des Moines), is pleased to announce that Madison Area Development Corp of Madison, 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.
Dakotaland Federal Credit Union’s Madison Branch Manager, Erica Clements, shared, “Growing community and strengthening the family unit is what the credit union philosophy is all about and we are pleased to be able to give back to the community of Madison by facilitating these grant funds and doing our part to fill the growing need for quality childcare.”
Madison Area Development Corporation prides themselves on building business and strengthening Madison. MADC’s partnership with EmBe has been a productive one as they teamed up to being a facility together with childcare services providing Madison families the support they need. Brooke Rollag, MADC Executive Director, commented, “We’re so very grateful to EmBe and Dakotaland Federal Credit Union for supporting early learning in our community and helping local families.”
EmBe’s vision is to provide a community where children thrive, women excel, and families succeed. "We are deeply grateful to have Dakotaland as a community partner investing in our childcare scholarships. Partners like Dakotaland, who believe in our mission to advance children's education, strengthen our ability to foster a bright future for every young child in the community,” Kelly Ballew, Chief Operations Officer, EmBe.
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.