Video Solutions

Advance Specials

Workers' Credit Union, Fitchburg, MA

In response to member concerns about potential rate increases, the Bank in recent months has offered a range of long-term advance specials. What members may not be aware of is that many of these specials are driven by specific member interest.

In this new Solutions video, Loughlin Cleary, vice president/relationship manager at the Federal Home Loan Bank of Boston, and Tim Smith, senior vice president/chief financial officer and treasurer at member Workers' Credit Union, discuss how a specific term proposed by Mr. Smith led to a recent long-term advance special offered by the Bank.

"Members with an interest in a specific term should communicate that interest to their RM or the Money Desk," notes Mr. Cleary. "What works for one member may be of interest to all our members."

Click on the Start link to the right to view the discussion.