Luminate Bank Strengthens Safety Net for Families in Crisis with $90K Grant to Spare Key

Funding Partnership with FHLB Des Moines Helps Spare Key Keep Families Housed During Medical Emergencies

MINNEAPOLIS, July 15, 2025 /PRNewswire/ -- Luminate Bank® is honored to award Spare Key a $90,000 grant through the Federal Home Loan Bank (FHLB) of Des Moines Member Impact Fund. This funding includes a $22,500 contribution from Luminate Bank and a $67,500 match from FHLB Des Moines, totaling $90,000 in support of Spare Key's work with families facing medical emergencies.

The FHLB Des Moines Member Impact Fund is a competitive program designed to match charitable donations from member banks to qualifying nonprofit organizations. The 3-to-1 match amplifies local contributions, helping nonprofits access larger-scale support to deepen their impact in the communities they serve.

Spare Key provides housing payment assistance and financial relief to families facing a medical crisis, ensuring that health emergencies don't lead to housing instability. With this grant, the organization can expand its reach and provide peace of mind to more families when they need it most.

"When families are facing a medical emergency, housing is often the last thing they should have to worry about, but too often, it's the first to be at risk," said Marc Campbell, CEO of Luminate Bank. "Spare Key steps in at exactly the right moment to provide real relief, and we're incredibly proud to support their mission. This grant represents more than dollars; it's a safety net, expanded through partnership and purpose."

"We are so incredibly grateful for this partnership with Luminate Bank and FHLB Des Moines," said Sarah Rocklitz, Executive Director of Spare Key. "No family facing medical crisis should have to choose between staying at their loved one's side or going to work to avoid losing their home. This is why Spare Key exists, to give families the give of time, and this is what Luminate Bank has given to the families Spare Key serves. The gift of more time together as a family, focused on recovery without the looming threat of losing their home."

About Spare Key — Spare Key is on a mission to help families in real hardship pay real bills in real time. No matter the illness. No matter the injury. No matter the income. Spare Key helps families "Bounce and Not Break" with their Help Me Bounce platform – harnessing the power of technology to make donating easier, faster, more transparent, more accountable, and more impactful than anyone ever thought possible.

About Luminate Bank® — At Luminate Bank, We Open Doors—empowering individuals and families to achieve their financial dreams through personalized service and innovative digital solutions. As a nationwide bank headquartered in Minneapolis, Minnesota, we are committed to helping our clients meet their financial goals with a blend of modern technology, traditional values, and the trusted guidance of experienced professionals. Known for our exceptional commitment to customers, we take pride in delivering a seamless, supportive experience for every step of the journey. Our dedicated mortgage division has branches and a team of loan originators across the US, making expert home financing solutions accessible to communities nationwide.

Luminate Bank is committed to safeguarding your money and accounts with FDIC insurance coverage up to applicable limits. Learn more about how we can open doors for you at www.luminate.bank, follow us on Instagram, LinkedIn, and Facebook, or call (952) 939-7200.

Media Contact
Debbie Schwake, CMO
debbie.schwake@luminate.bank
952-698-3300

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SOURCE Luminate Bank