McLennan Community Investment Fund Receives $8,000 Grant

WACO, Texas–(BUSINESS WIRE)–Insurors Indemnity Company and Federal Home Loan Bank of Dallas (FHLB Dallas) have partnered to provide $8,000 in Partnership Grant Program (PGP) funds to the McLennan Community Investment Fund (McCIF).

The funding was celebrated with a check presentation ceremony on September 14.

“McCIF provides small business loans and business training to small businesses in McLennan County, providing the financing and expertise that is essential to fostering economic growth, innovation and jobs in our communities,” said Dave Talbert, President and CEO of Insurors Indemnity Company.

McCIF will use the funding to build organizational capacity by offsetting administrative and operational expenses and strengthening the governance of the organization, which is seeking certification from the U.S. Department of the Treasury as a community development finance institution. (CDFI). The certification will allow McCIF to participate in a number of Treasury and Small Business Administration financing programs, including New Market Tax Credits and direct loans and grants to increase its ability to lend.

“This funding from FHLB Dallas will strengthen our efforts to support small businesses in McLennan County and help them grow,” said McCIF President Bill Vance. “We are very grateful for this funding from FHLB Dallas and Insurors Indemnity Company.”

For 2021, FHLB Dallas awarded $400,000 in PGP grants, and its members provided an additional $200,250 for an impact of more than $600,000 in its five-state district of Arkansas, Louisiana, Mississippi, from New Mexico and Texas.

“We value our partnership with Insurors Indemnity, and look forward to the fruits of this partnership through the growth of small businesses in McLennan County through the work of McCIF,” said Greg Hettrick, senior vice president and chief operating officer. community investment at FHLB Dallas. .

See the full list of 2021 PGP Grant recipients. For more information on the 2021 PGP Grants and other FHLB Dallas community investment products and programs, please visit fhlb.com/pgp.

About the Insurers Compensation Society

Based in Waco, Texas, Insurors Indemnity is a regional insurance company backed by more than 350 independent agents who market the company’s P&C and Surety products in Arkansas, Arizona, New Mexico, Nevada, Kansas, Louisiana, Oklahoma, Texas and Utah. An emphasis on common sense underwriting coupled with prompt and friendly service underpins the insurers’ approach to delivering innovative and competitively priced insurance products. For more information, visit insurersindemnity.com

About Federal Home Loan Bank of Dallas

Federal Home Loan Bank of Dallas is one of 11 district banks in the FHLBank system established by Congress in 1932. FHLB Dallas, with total assets of $58.6 billion as of June 30, 2021, is a cooperative owned by its members that supports housing and community development by providing competitively priced loans and other credit products to approximately 800 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico and Texas . For more information visit our website at fhlb.com.

Jill E. Washington