News

The Federal Home Loan Bank of Indianapolis (FHLBank Indianapolis) awarded Don Cates, President and CEO of 3Rivers Federal Credit Union, with the 2021 Indiana Community Spirit Award. The Community Spirit Award honors individuals that show an outstanding dedication to affordable housing and community economic development.

The Federal Home Loan Bank of Indianapolis (FHLBank Indianapolis) awarded Marcus Rankins, Vice President of Asset Development at Metro Community Development, with the 2021 Community Spirit Award. The annual Community Spirit Award honors individuals who show an outstanding dedication to affordable housing and community economic development.

The Federal Home Loan Bank of Indianapolis (FHLBank Indianapolis) announced today that $6.9 million in affordable housing grants will be awarded to 16 affordable housing developments in Indiana, Michigan, and Ohio through the 2021 Affordable Housing Program (AHP). These AHP grants of up to $500,000 will support the acquisition, construction, or rehabilitation of properties for use as affordable homes.

On October 28, 2021, FHLBank Indianapolis issued its third quarter 2021 earnings release. Our Board of Directors declared dividends on Class B-2 activity-based capital stock and Class B-1 non-activity-based stock at annualized rates of 3.25% and 1.00%, 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 need. The dividends will be paid in cash on October 29, 2021.

The Federal Home Loan Bank of Indianapolis (“Bank”) today announced the results of the Indiana election of two member directors and the district-wide election of two independent directors to its Board of Directors (“Board”). The following individuals were elected to the Board and will each serve four-year terms beginning January 1, 2022.