Federal Home Loan Bank of Chicago Declares Director-Elect James Hegenbarth

What Happened

• The Federal Home Loan Bank of Chicago filed an 8-K on September 15, 2026 announcing that James H. Hegenbarth was declared director‑elect to serve as a member director of the Bank’s Board. His four‑year term runs from January 1, 2027 through December 31, 2030. Mr. Hegenbarth is the President and a Director of Bank CMG in Madison, Wisconsin.

Key Details

• Declared director‑elect date: September 15, 2026; term: Jan 1, 2027 – Dec 31, 2030.
• Directorship was filled without a contested election because the number of nominees for Wisconsin equaled the single open seat.
• Committee assignments for Mr. Hegenbarth have not yet been determined for 2027.
• All 2027 directors are expected to receive compensation under the Bank’s 2027 Board Compensation Policy (not yet approved) and may participate in a non‑qualified, unfunded deferred compensation plan. The filing notes that member directors must be officers or directors of Bank members and that related‑party member transactions are conducted on market terms.

Why It Matters

• This is a routine board appointment under the Federal Home Loan Bank Act and FHFA rules governing member director elections. For investors, it updates Board composition and governance; the filing discloses that potential related‑party transactions with member institutions are handled in the ordinary course on market terms and are subject to existing program criteria, per the Bank’s 2025 Form 10‑K.