News

On Thursday, July 28, 2022, the Board of Directors of the Federal Home Loan Bank of Indianapolis declared its second quarter 2022 dividends on Class B-2 activity-based capital stock and Class B-1 non-activity-based stock at annualized rates of 4.75% and 1.25%, respectively. The higher dividend rate on activity-based stock reflects the Board's discretion under our capital plan to reward members that use FHLBank Indianapolis in support of their liquidity needs. The dividends will be paid in cash on July 29, 2022.

Nominations for the 2022 FHLBank Indianapolis Director Election are currently open. Open positions include one member director from Indiana, and one member director from Michigan. Nominations will close on July 18, 2022, at 5 p.m. (Eastern).

The Federal Reserve Board achieved a historic milestone this week – and Federal Home Loan Bank of Indianapolis (FHLBank Indianapolis) played a pivotal role. The U.S. Senate voted 51-50 to confirm FHLBank Indianapolis Board member Lisa Cook to the powerful seven-member Fed board that oversees the Federal Reserve Banks and implements monetary policy for the country.

On April 28, 2022, FHLBank Indianapolis issued its first-quarter 2022 earnings release. Our Board of Directors declared its first quarter 2022 dividends on Class B-2 activity-based capital stock and Class B-1 non-activity-based stock at annualized rates of 3.50% and 1.00%, respectively. The higher dividend rate on activity-based stock reflects the Board's discretion under our amended capital plan to reward members that use FHLBank Indianapolis in support of their liquidity needs. The dividends will be paid in cash on April 29, 2022.

Muskegon Co-Op Federal Credit Union of Muskegon, Michigan joined FHLBank Indianapolis on April 1, 2022.