Arsenal Credit Union and FHLB Des Moines grant $20,000 to The Kaufman Fund

Arsenal Credit Union and the Federal Home Loan Bank of Des Moines awarded a $20,000 Member Impact Fund grant to The Kaufman Fund in St. Louis on Aug. 10, 2026. The money will support services for veterans, military families and at-risk children across the region.

Why it matters: - The $20,000 grant will help The Kaufman Fund keep providing food assistance, mental health resources, scholarships and other essential services. - The funding is aimed at easing financial pressure for families in need and supporting long-term stability in the St. Louis community. - The award also shows how FHLB Des Moines matching funds can extend the reach of local credit union philanthropy.

What happened: - Arsenal Credit Union, in partnership with the Federal Home Loan Bank of Des Moines, awarded a $20,000 grant to The Kaufman Fund through the Member Impact Fund. - The announcement was dated Aug. 10, 2026, in St. Louis. - The grant is tied to Arsenal Credit Union's effort to support local organizations that strengthen the communities it serves.

The details: - The Member Impact Fund provides matching funds to FHLB Des Moines member institutions. - Arsenal Credit Union can use that structure to expand community giving and support local initiatives that address immediate needs. - The Kaufman Fund is a St. Louis nonprofit focused on veterans, military families and at-risk children. - The organization uses food assistance, mental health resources, scholarships and other services to support those groups. - Grant funding will help The Kaufman Fund maintain consistent access to nutritious meals and reduce financial burdens for families. - Shelia Schneider, executive director of The Kaufman Fund, said the investment will help the nonprofit continue serving veterans throughout the St. Louis region. - Schneider said The Kaufman Fund assisted more than 2,000 veterans in 2025.

Between the lines: - The grant connects a local financial institution, a regional bank system and a nonprofit focused on basic needs and veteran support. - The partnership suggests Arsenal Credit Union is using matched dollars to target community needs that are both immediate and long term. - The Kaufman Fund's veteran caseload points to sustained demand for support services in the St. Louis area.

What's next: - The Kaufman Fund will use the grant to continue its programs for veterans and families in the region. - Arsenal Credit Union and FHLB Des Moines are likely to keep using the Member Impact Fund structure to support community groups. - The Kaufman Fund said partnerships like this help ensure it can keep providing essential resources to people who have served the country.

The bottom line: - The $20,000 grant gives The Kaufman Fund added support to serve veterans, military families and at-risk children in St. Louis while showing how matched funding can amplify local giving.