Any financial institution, including a credit union, may become a member of a federal home loan bank organized pursuant to the provisions of the Federal Home Loan Bank Act, 12 U.S.C. § 1421 et seq., and may subscribe to the stock of any federal loan bank and invest therein.
Membership in federal home loan banks
R.I. Gen. Laws § 19-3-10., under Chapter 19-3 Powers and Operations.
R.I. Gen. Laws § 19-3-10.