Becoming a Member

Getting started with FHLBank Indianapolis.

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 the appropriate membership application. Select from the following:
  3. Receive approval from FHLBI.
  4. Purchase initial FHLBI membership stock per our Capital Plan.

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  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.

Once you're an FHLBI member, please contact to learn how you can use our logo on your documents, advertising and quarters.