Kenyon, MN – Security State Bank of Kenyon in partnership with Federal
Home Loan Bank of Des Moines (FHLB Des Moines), is pleased to announce that Kenyon
Area Foundation will receive a $20,000 and Goodhue County Habitat for Humanity will
receive a $10,000 grant from the Member Impact Fund. This matching grant program will
result in FHLB Des Moines awarding $20 million in funding to support affordable housing and
community development in Minnesota.
Security State Bank of Kenyon has been serving our community for over 90 years. We know
the importance of supporting our local organizations and investing in our community's
future. The Security State Bank of Kenyon is proud to partner with the newly formed
Kenyon Area Foundation and Goodhue County Habitat for Humanity. Both organizations
strive to improve their community through economic and community development
initiatives.
The Kenyon Area Foundation, formed in 2025, is a nonprofit organization that exists to
improve the future of an entire community. It does this through uniting people and
resources to address the community’s most critical or persistent issues and producing
significant, widely shared, and lasting results. The Kenyon Area Foundation is proud to
partner with Southern Minnesota Initiative Foundation (SMIF), who is the fiscal host of the
Kenyon Area Foundation, allowing the local volunteer board to focus on making an impact
where you call home.
“We are honored to receive this donation which will make a significant impact on economic
and community development efforts in our community,” said Wayne Ehrich, vice chair of the
Kenyon Area Foundation.
Goodhue County Habitat for Humanity (GCHFH) will be the recipient of $10,000 from
this matching program. GCHFH has a collaboration with the Kenyon-Wanamingo School
District allowing high school students to construct a home for a GCHFH family. These funds will support the construction of this Kenyon home under the Habitat for Humanity affordable
homeownership program.
GCHFH Executive Director, Bob Hawley commented “We are very pleased for the support of
the high school construction program and our affordable home ownership program by
Security State Bank of Kenyon and the FHLB Des Moines. We feel our collaboration with
Kenyon-Wanamingo Schools is positive for all involved.”
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 up to $3 for every $1
in 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 continues to be a powerful resource in supporting our members
as they expand access to affordable housing and drive community development,” says Kris
Williams, president and CEO of FHLB Des Moines. “It’s inspiring to see the partnerships
centered around improving local communities in such a variety of ways.”
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 founding in 2023, the Member Impact Fund has supported affordable housing and
community development with nearly $70 million in grants awarded by FHLB Des Moines.
Member institutions apply and receive Member Impact Fund matching grants to be
distributed to eligible organizations alongside their own grant contribution.
About Security State Bank of Kenyon
The Security State Bank of Kenyon has been proudly serving SE Minnesota since 1934. As a
family owned and operated bank, we are dedicated to the financial needs of the area
farmers, businesses, and individuals. We strive to meet the growing needs of our customers
while maintaining the personal aspects of community banking.
About Federal Home Loan Bank of Des Moines
The Federal Home Loan Bank of Des Moines is deeply committed to strengthening
communities, serving 13 states and three U.S Pacific territories as a member-owned
cooperative. We work together with over 1,200 member institutions to support affordable
housing, economic development, and community improvement.
FHLB Des Moines is one of 11 regional Banks that make up the Federal Home Loan Bank
System. Members include community and commercial banks, credit unions, insurance
companies, thrifts, and community development financial institutions. FHLB Des Moines is
wholly owned by its members and receives no taxpayer funding. For additional information
about FHLB Des Moines, please visit www.fhlbdm.com.
