News

Affordable Housing Community Investments FHLBank Indianapolis opens Disaster Relief Program for Indiana residents On Oct. 15, 2025, FHLBank Indianapolis opened its Disaster Relief Program to residents of more than 40 Indiana counties impacted by severe storms and flooding earlier this year. The Disaster Relief Program can assist with weather-related home repair and rehabilitation following a declared disaster. Affordable Housing Community Investments Navigating Disaster with FHLBank Indianapolis' Disaster Relief Program When disaster strikes and the systems that keep our communities up and running aren't equipped to handle present circumstances, where do you turn? Read how one community credit union rose to the occasion, stood up new processes and showed up for their community with the Disaster Relief Program. Community News Community Investments FHLBank Indianapolis announces 2025 Elevate Small Business Grant recipients On Oct. 6, 2025, FHLBank Indianapolis announced the 2025 Elevate Small Business Grant recipients, comprising awards to 100 small businesses across Indiana and Michigan. Affordable Housing Community Investments FHLBank Indianapolis celebrates opening of Marvetta & Anthony Grimes Family Center in Indianapolis On Sept. 4, 2025, FHLBank Indianapolis celebrated the grand opening of the Marvetta & Anthony Grimes Family Center, a 36-unit supportive housing project that received a $872,020 Affordable Housing Grant during the Bank's 2024 funding round. Affordable Housing Member Announcements FHLBank Indianapolis announces 2025 Indiana Community Spirit Award winner On Aug. 21, 2025, FHLBank Indianapolis announced Bonnie Arnold, director of community funding development at Martinsville-based Home Bank, was awarded the 2025 Community Spirit Award honoring exceptional contributions to affordable housing and community development in Indiana. Federal Home Loan Bank Indianapolis Public Announcements Office of Finance publishes Q2 2025 CFR The Office of Finance has published the Q2 2025 Combined Financial Report (CFR) of the Federal Home Loan Banks. This report has been prepared from the unaudited financial information of the FHLBanks. Each FHLBank — including FHLBank Indianapolis — has filed its Q2 2025 Form 10-Q with the SEC. Affordable Housing Member Announcements FHLBank Indianapolis announces 2025 Michigan Community Spirit Award winner On Aug. 12, 2025, FHLBank Indianapolis announced Jason Blain, senior commercial lender at Grand Rapids-based Independent Bank, was awarded the 2025 Community Spirit Award honoring exceptional contributions to affordable housing and community development in Michigan. Federal Home Loan Bank Indianapolis Public Announcements FHLBank Indianapolis President and CEO Cindy Konich announces retirement; Board names EVP Brendan McGrath as successor After 41 years of service at FHLBank Indianapolis, including the past 12 years as President and CEO, Cindy Konich has announced her retirement. Her last day in the office will be Sept. 30, 2025. The Board of Directors has named EVP Brendan McGrath as the next President and CEO, effective Oct. 1. Federal Home Loan Bank Indianapolis Public Announcements FHLBank Indianapolis declares second quarter 2025 dividends, reports earnings On July 29, 2025, the Board of Directors of FHLBank Indianapolis declared its second quarter 2025 dividends on Class B-2 activity-based capital stock and Class B-1 non-activity-based stock at annualized rates of 9.50% and 4.50%, respectively. Federal Home Loan Bank Indianapolis Member Announcements FHLBank Indianapolis opens Board of Directors nominations on June 26, 2025 Nominations for the 2025 FHLBank Indianapolis Board of Directors election will open June 26, 2025, and close July 28, 2025, at 5 p.m. EDT. Open positions include two Indiana member directorships and two independent directorships. Federal Home Loan Bank Indianapolis Public Announcements Office of Finance publishes Q1 2025 CFR for FHLBanks The Office of Finance has published the Q1 2025 Combined Financial Report (CFR) of the Federal Home Loan Banks. This report has been prepared from unaudited financial information from the FHLBanks. Each FHLBank — including FHLBank Indianapolis — has filed its Q1 2025 Form 10-Q with the SEC. Federal Home Loan Bank Indianapolis Public Announcements FHLBank Indianapolis releases 2024 AHAC Report Commitment to our communities. That's the Federal Home Loan Bank of Indianapolis pledge. After several years of stepping up and expanding our community reach, 2024 was marked by record-breaking AHP investments, a slew of new programs and continued dedication to maximizing our impact.