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UNIFI Sub Joins Local Housing Bank System

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A life insurance company will be doing more to invest in the Ohio economy.

Union Central Life Insurance Company, Cincinnati, a unit of UNIFI Mutual Holding Company, Lincoln, Neb., has become a member of the Federal Home Loan Bank of Cincinnati, officials say.

The FHLBank, a member-owned regional wholesale bank, helps provide financing to support member financial institutions’ mortgage loans and small business loans.

Union Central now can use advances from relatively low-cost FHLBank advances to back funding agreements, Union Central says.