How We Serve

The Federal Home Loan Bank of Indianapolis (FHLBI) is a regional wholesale bank that has been meeting the liquidity needs of member financial institutions throughout Indiana and Michigan since 1932. Our core mission is to provide a reliable source of liquidity to member banks, credit unions, community development financial institutions, and insurance companies to support housing finance, asset-liability management, and community lending.  We also help communities and families through grants and low-cost loans to our members that help support affordable housing and economic development initiatives.

FHLBI is one of 11 regional banks that make up the Federal Home Loan Bank System. FHLBanks are government-sponsored enterprises created by Congress to ensure access to low-cost funding for their member financial institutions. FHLBanks are privately capitalized and funded, and receive no Congressional appropriations. The FHLBI is owned by its approximately 400 Indiana and Michigan financial institution members. Watch this 60 second video to learn more about how the FHLBanks support a nation of local lenders. 

Explore the many ways we serve our members or Contact Us to learn more about our products and services and membership process.

Member Benefits

As a cooperative, we pass our borrowing benefits in the global debt markets on to our members in the form of lower borrowing costs, which are subsequently passed on to consumers, businesses and communities. As an FHLBI member, you are a shareholder and we strive to serve your needs.

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Reliable Liquidity

FHLBI provides its members with safe, consistent and reliable access to the capital market at a competitive price. Our borrowing power is backed by the collective strength of 11 Federal Home Loan Banks nationwide.

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Mortgage Purchasing

FHLBI's Mortgage Purchase Program (MPP) provides members with a competitive secondary market outlet for high-quality, conforming, fixed-rate mortgages. Participating members can use this opportunity to reduce interest rate risk and create balance sheet flexibility.

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Community & Housing Programs

The FHLBI offers many programs to help finance local affordable housing and community development initiatives. All funding is made available to our members who in turn pass it along to assist homebuyers, homeowners, housing finance authorities, and community organizations.

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Our Membership

At FHLBI, our members are our owners. Our diverse base of bank, thrift, credit union, insurance, and community development financial institutions have access to products and services that help to promote the mission of supporting the housing market.

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In this section you will find forms relating to our Affordable Housing Program, our Board of Directors, policies, copies of our InDepth member magazine, forms and guides for our Mortgage Purchase Program and much more.

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Latest FHLBI News


Voting for the 2022 FHLBank Indianapolis Director Election opened Sept. 19, 2022, and will close Oct. 19, 2022, at 5 p.m. EDT. This year, FHLBank Indianapolis has one Indiana member directorship and one Michigan member directorship open for election. All Indiana and Michigan members of record as of Dec. 31, 2021 (“Eligible Members”) are eligible to vote for the Indiana or Michigan member director candidates in their respective states.

FHLBank Indianapolis announces 2022 Community Spirit Award winners in Indiana and Michigan

The Federal Home Loan Bank of Indianapolis has awarded the 2022 Community Spirit Award to Becca Murphy, Vice President of Affordable Lending at Merchants Bank of Indiana in Carmel, Ind., and Celeste Spivey, Vice President Community Development and CRA Officer at ChoiceOne Bank in Sparta, Mich. Since 2007, the annual award has honored individuals at one of FHLBank Indianapolis’ member institutions in Indiana and Michigan who show an outstanding dedication to affordable housing and community economic development.
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