The Federal Home Loan Bank of Chicago (FHLBC) has announced two of its incumbent directors have been declared directors-elect to serve as member directors for additional four-year terms beginning in January, and ending in December of 2020.

James T. Ashworth of CNB Bank & Trust in Carlinville, has served on the FHLBC board since elected by membership in 2012. Michelle L. Gross of the State Bank of Bement was initially appointed to the board earlier in 2016 to complete the unexpired term of a resigning director. Both directors were unopposed in the recent election process.

Ashworth currently serves as chairman of FHLBC’s Affordable Housing Committee, and as vice-chairman of its Human Resources and Compensation Committee. Gross serves on FHLBC’s Operations and Technology Committee and its Risk Management Committee.