PENTEGRA BEGAN as a not-for-profit cooperative in 1943 founded to manage a pension program - The Financial Institutions Retirement Fund - for employees of the Federal Home Loan Bank System. Membership was later expanded to make the program available to all financial institutions. In 1970, a companion program, the Financial Institutions Thrift Plan, was created to provide 401(k), Savings, and Profit Sharing plan products and services. Pentegra Services, Inc. was established in 1993 to meet the changing needs of the community banking marketplace, adding 401(k) plans with employer stock options, Employee Stock Ownership Plans, Money Purchase plans, and Executive Benefit programs to Pentegra's growing array of retirement programs and services.