News by "Federal Home Loan Bank Indianapolis"

Federal Home Loan Bank Indianapolis Member Announcements FHLBank Indianapolis announces fourth quarter 2024 dividends, reports earnings On Feb. 20, 2025, the Board of Directors of the Federal Home Loan Bank of Indianapolis declared its fourth quarter 2024 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 Public Announcements FHLBank Indianapolis, LISC Detroit announce new Detroit heirs' property initiative FHLBank Indianapolis and LISC Detroit have announced the Detroit Heirs' Property Program: A Community-Driven Approach, a new program designed to help resolve and prevent ongoing heirs' property issues in the city of Detroit. Federal Home Loan Bank Indianapolis Public Announcements FHLBank Indianapolis releases heirs' property report for 2 major Indiana counties A new report by FHLBank Indianapolis and Black Onyx Management found more than 1,800 heirs' properties — land or property passed down among family members without a formal will or estate plan after the owner's death — valued at more than $258 million in two of Indiana's most populated counties. Federal Home Loan Bank Indianapolis Public Announcements Office of Finance files Q3 2024 CFR for FHLBanks The Office of Finance has published the Third Quarter 2024 Combined Financial Report 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 Q3 2024 Form 10-Q with the SEC. Federal Home Loan Bank Indianapolis Community Investments Elevate Spotlight: Dirt Wain, LLC of Fort Wayne, Ind. Elevate Spotlight is an ongoing series of profiles focused on recipients of our Elevate Small Business Grants. Today's installment: Dirt Wain, LLC. Federal Home Loan Bank Indianapolis Member Announcements FHLBank Indianapolis announces 2024 Board of Directors election results FHLBank Indianapolis today announced the results of the election of two Indiana Member Directors and three Independent Directors to its Board of Directors. Federal Home Loan Bank Indianapolis Public Announcements FHLBank Indianapolis declares third quarter 2024 dividends, reports earnings On Oct. 29, 2024, the Board of Directors of the Federal Home Loan Bank of Indianapolis declared its second quarter 2024 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 adds $3 million to popular new home loan program with below-market rates The new MPP Rate Advantage Program incentivizes Bank members to fund mortgage loans to low-income borrowers by offering below-market note rates. Launched with $1 million on Aug. 15, 2024, the initial 100 loans were locked in under six weeks, In September, $3 million was added to extend the program. Federal Home Loan Bank Indianapolis Community Investments Elevate Spotlight: Accutrak Consulting and Accounting Services of St. Clair Shores, Mich. Elevate Spotlight is an ongoing series of profiles focused on recipients of our Elevate Small Business Grants. Today's installment: Accutrak Consulting and Accounting Services Federal Home Loan Bank Indianapolis Community Investments Elevate Spotlight: Owl Creek Construction of Evansville, Ind. Elevate Spotlight is an ongoing series of profiles focused on recipients of our Elevate Small Business Grants. Watch this space and our social media for future occasional installments. First up: Owl Creek Construction in Evansville, Ind., a company specializing in small concrete projects. Federal Home Loan Bank Indianapolis Member Announcements FHLBank Indianapolis account manager saves man, daughter from drowning in Lake Superior Ask yourself this question: “Have I ever saved someone from drowning?” Then ask yourself, “How about two people at once?” For Nick Groenleer, AVP, Michigan Account Manager at FHLBank Indianapolis, the answer to both questions is yes. And it all happened in 15 minutes this summer along Lake Superior. Federal Home Loan Bank Indianapolis Member Announcements FHLBank Indianapolis announces 2024 Community Spirit Awards FHLBank Indianapolis has awarded the 2024 Community Spirit Award to Vice President James Parker of Central Savings Bank in Sault Ste. Marie, Mich., and Marketing Manager Autumn Bucy of Hendricks County Bank and Trust Company in Brownsburg, Ind.