Springfiled, MO, July 29, 2026 — TelComm Credit Union, in partnership with the Federal Home Loan Bank of Des Moines (FHLB Des Moines or Bank), today announced that Springfield Community Land Trust will receive a $10,000 grant through the Member Impact Fund. This matching grant program is designed to amplify the community engagement of FHLB Des Moines member institutions that support local housing, business and economic needs.

 

In Missouri, 956 applications received funding through partnerships with 174 member institutions. FHLB Des Moines matched $3 for every $1 contributed by a member institution, resulting in $6.5 million from members and $19.4 million awarded by FHLB Des Moines.

 

“TelComm Credit Union is proud to partner with Springfield Community Land Trust and FHLB Des Moines to support housing solutions that create lasting opportunity in our community,” said Jessica Shorney, TelComm Credit Union CEO. SCLT’s work helps more Springfield families access safe, stable and affordable housing, and we are pleased to invest in that mission.”

 

TelComm Credit Union is a new partner of Springfield Community Land Trust. Together, they are dedicated to improving their community through affordable housing and community development initiatives.

 

Springfield Community Land Trust will use the grant to support its work creating, rehabilitating and stewarding permanently affordable homes in Springfield. Through the community land trust model, SCLT holds land in trust while eligible buyers purchase the home, reducing the cost of homeownership and preserving affordability for future families. SCLT also provides below-market rental housing for households with limited incomes.

 

“This investment will help us preserve and expand housing opportunities that remain affordable for Springfield families—not just today, but for generations,” said Kristy Vaughan, executive director of Springfield Community Land Trust. “We are grateful to TelComm Credit Union and FHLB Des Moines for recognizing that stable, affordable housing strengthens families and builds stronger communities.”

“The Member Impact Fund is designed to help our members champion the organizations that make a real difference in their communities,” said Kris Williams, president and chief executive officer of FHLB Des Moines. “By partnering with our members, we’re able to multiply resources and support their vital work as they continue to strengthen opportunities for the people they serve.”

 

Since its launch in 2023, the Member Impact Fund has provided more than $106 million in grants from FHLB Des Moines, generating over $144 million in combined support for affordable housing and community development. Notably, every eligible application submitted to the program has received funding, reflecting the Bank’s strong commitment to partnership and impact.

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TelComm serves over 25,000 credit union member-owners, including the employees of 125 companies (Select Employee Groups) located in Springfield and the surrounding area – in addition to the many members throughout the United States and abroad. TelComm Credit Union membership is open to anyone that lives or works in Greene, Christian, Lawrence, Webster and Polk counties in Missouri– and their family members, as well as those neighbors who are members of the Catholic faith in southern Missouri.

 

Our assets are at $337 million, and we currently have 6 conveniently located full-service TelComm offices and an Operations Center (four branches in Springfield, one in Nixa and one in Republic) to better serve our membership’s financial needs. TelComm Credit Union offers up to $1,000,000 in account insurance coverage through combined National Credit Union Administration (NCUA) and Excess Share Insurance (ESI) protection at no cost to the member.