Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - 2020 DIRECTOR ELECTION - Federal Home Loan Bank of Des Moines | form2020directorelecti.htm |
FHLB Des Moines Releases 2020 Director Election Results
On November 5, 2020, the Board of Directors reviewed the results of the 2020 Member and Independent Director Election. Federal Home Loan Bank of Des Moines is pleased to announce the director terms commencing January 1, 2021.
Member Director Election Results
Washington- 1 seat available
| Number of institutions eligible to vote: | 77 | ||||
| Number of institutions who voted: | 55 | ||||
| Total eligible votes per candidate: | 1,458,402 | ||||
| Total Votes | Jon M. Jones, President and CEO | Elected - 4 year term | ||||||
| 760,628 | Washington Business Bank | 01/01/21 - 12/31/24 | ||||||
| Olympia, Washington | ||||||||
| Total Votes | Melba A. Bartels, Executive Vice President and CFO | |||||||
| 419,588 | Boeing Employees’ Credit Union | |||||||
| Tukwila, Washington | ||||||||
Oregon- 1 seat available (No Election)
James W. Hunt, Senior Vice President and CFO | Elected - 4 year term | ||||
| OnPoint Community Credit Union | 01/01/21 - 12/31/24 | ||||
| Portland, Oregon | |||||
On August 18, 2020, in accordance with Federal Housing Finance Agency regulations, James Hunt was declared elected by the FHLB Des Moines to serve on the Federal Home Loan Bank Board for a four-year term commencing January 1, 2021. Mr. Hunt was the only eligible candidate who chose to stand for election and was therefore elected to fill the one directorship in Oregon.
Independent Director Election Results
District-wide – 2 seats available
| Number of institutions eligible to vote: | 1,338 | ||||
| Number of institutions who voted: | 356 | ||||
| Total eligible votes per candidate: | 13,110,784 | ||||
| Total Votes | Ruth B. Bennett | Elected - 4 year term | ||||||
| 3,539,892 | Vancouver, Washington | 01/01/21 - 12/31/24 | ||||||
| 26.99% | ||||||||
| Total Votes | Carol K. Nelson | Elected - 4 year term | ||||||
| 3,679,857 | Edmonds, Washington | 01/01/21 - 12/31/24 | ||||||
| 28.06% | ||||||||