Getting Started with FHLBI
FHLBI offers a reliable, cost effective, and flexible source of wholesale funding for its financial institution members in Indiana and Michigan. Access to liquidity and flexible low-cost funding are the primary benefits of membership, but our members also have access to a competitive Mortgage Purchase Program, correspondent banking services, grant money for housing initiatives through our Affordable Housing Program, and at-cost advances for housing and economic development through our Community Investment Program.
FHLBI membership is open to regulated financial institutions (commercial banks, thrifts, credit unions, insurance companies, and CDFIs) having a principal place of business in the states of Indiana or Michigan.
To become a member, an institution must:
1. Gain approval of membership from its Board of Directors.
2. Complete and submit appropriate membership application. Select type of institution listed on right to view specific application and read more about membership benefits.
3. Receive approval from FHLBI.
5. Purchase initial FHLBI membership stock per FHLBI Capital Plan (currently equal to 0.75% of total mortgage assets).
For more information and links to our applications, select your type of institution or contact an FHLBI Marketing Account Manager at 800.442.2568 or firstname.lastname@example.org. If you are a housing associate - such as a state or local housing authority in Indiana or Michigan - seeking approval to borrow, please contact us directly for more information.