MOON TOWNSHIP, Penn. – Clearview FCU has been accepted as a member of the Federal Home Loan Bank of Pittsburgh, which will give the $730-million credit union access to the FHLB’s correspondent services as well as mortgage funding.
The credit union said membership in FHLBank Pittsburgh supplements Clearview’s liquidity by providing access to FHLBank’s product line of financial services including low-cost loans (advances), which can be used for community lending, general asset/liability management, and financing.
“Membership in FHLBank Pittsburgh provides added flexibility to our institution as we continue serving consumers and businesses,” said Joseph Macala, Clearview’s chief financial officer.
Clearview, a former U.S. Air employees credit union, now serves Pennsylvania’s Allegheny, Armstrong, Beaver, Butler, Fayette, Greene, Indiana, Lawrence, Washington and Westmoreland counties.
