Oriental CEO re-elected to Federal Home Loan Bank of NY board
José Rafael Fernández, chief executive officer of Oriental, was re-elected to the board of directors of the Federal Home Loan Bank of New York, extending Puerto Rico’s representation within the federal housing finance system.
Fernández was first appointed to the board in 2024, representing Puerto Rico and the U.S. Virgin Islands. His re-election reflects continued support from the island’s financial sector, according to Oriental.
“It’s an honor to continue contributing to FHLBNY’s mission and to work on initiatives that foster sustainable growth and encourage affordable housing,” Fernández said. “This role also allows me to bring forward the perspective of our communities’ needs. I am grateful for the opportunity.”
The Federal Home Loan Bank of New York provides liquidity and financial services to member banks and credit unions, supporting housing-related lending and community development projects. The institution plays a role in strengthening financial stability and expanding access to capital across the regions it serves.
Oriental said Fernández’s participation on the board reinforces Puerto Rico’s presence in discussions that influence housing finance policy, access to funding and community investment strategies. His role is expected to contribute local insight to decisions affecting housing availability and economic development.
Oriental added that the re-election underscores its engagement with regional and national financial institutions and its focus on initiatives tied to community development and long-term economic stability.
