BankWest Onida and FHLB, Award $35,000 to Area Orgs
BankWest, in partnership with FHLB Des Moines, is pleased to announce that the City of Onida, ABO School District and the Onida Area Development Corporation will receive a total of $35,000 in grant funding from the Member Impact Fund.
BankWest Onida and FHLB, Award $35,000 to Area Orgs
BankWest, in partnership with FHLB Des Moines, is pleased to announce that the City of Onida, ABO School District and the Onida Area Development Corporation will receive a total of $35,000 in grant funding from the Member Impact Fund.
BankWest, in partnership with Federal Home Loan Bank of Des Moines (FHLB Des Moines), is pleased to announce that the City of Onida, ABO School District and the Onida Area Development Corporation will receive a total of $35,000 in grant funding from the Member Impact Fund. This matching grant program will result in BankWest and FHLB Des Moines awarding $700,000 in funding to support affordable housing and community development in South Dakota communities.
“We are proud to invest in organizations that share our belief in channeling individual effort toward collective success, and to play a role in strengthening the future of our community,” said Mike Yackley, BankWest’s Branch President in Onida.
BankWest applied for and received matching grant funds for the following projects:
“We are very grateful fr the funding we received from BankWest and FHLB,” said Mary Jo Stier, of the Onida Area Development Corporation. “Our community needs affordable housing for the residents of Onida. With more affordable housing in the community, we hope to bring new businesses and more economic development into the area.”
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 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 is designed to help our members champion the organizations that make a real difference in their communities,” said Kris Williams, president and CEO 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.”
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.
Since its launch in 2023, the Member Impact Fund has provided more than $83 million in grants from FHLB Des Moines, generating over $113 million in combined support for affordable housing and community development. Notably, every eligible application submitted to the program has received funding—reflecting the organization’s strong commitment to partnership and impact.
“We are proud to invest in organizations that share our belief in channeling individual effort toward collective success, and to play a role in strengthening the future of our community,” said Mike Yackley, BankWest’s Branch President in Onida.
BankWest applied for and received matching grant funds for the following projects:
- City of Onida ($8,750): Outdoor pool rehabilitation
- The Onida Area Development Corporation ($17,500): Purchasing a 2-bedroom or a 3-bedroom Governor’s Home for Onida
- ABO School District ($8,750): Grant funds will expand our welding program with a wire‑feed welder and safety screens, and strengthen our health program through a training AED kit and upgraded CPR manikins. Funds will also support K–12 art with lighted tracing boxes and enhance K–5 STEAM learning through additional robotics kits that build problem‑solving and collaboration skills. Remaining funds will improve music and theater performances with added stage poles and draping.
“We are very grateful fr the funding we received from BankWest and FHLB,” said Mary Jo Stier, of the Onida Area Development Corporation. “Our community needs affordable housing for the residents of Onida. With more affordable housing in the community, we hope to bring new businesses and more economic development into the area.”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 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 is designed to help our members champion the organizations that make a real difference in their communities,” said Kris Williams, president and CEO 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.”
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.
Since its launch in 2023, the Member Impact Fund has provided more than $83 million in grants from FHLB Des Moines, generating over $113 million in combined support for affordable housing and community development. Notably, every eligible application submitted to the program has received funding—reflecting the organization’s strong commitment to partnership and impact.