News

Today, the Federal Home Loan Bank of Indianapolis (FHLBank Indianapolis) officially opened its Detroit Hub for business with the help of Detroit Mayor Mike Duggan and several Detroit-area affordable housing leaders and financial services partners. The event was hosted at FHLBank Indianapolis’ new suite in the historic Palms Building in the heart of downtown Detroit.

Voting for the 2021 FHLBank Indianapolis Director Election is currently open. This year, FHLBank Indianapolis has two (2) Indiana member directorships and two (2) independent directorships open for election. All Indiana and Michigan members of record as of December 31, 2020 ("Eligible Members"), are eligible to vote for the independent director candidates and all Indiana Eligible Members are eligible to vote for the Indiana member director candidates.

FHLBank Indianapolis recently announced that 27 Indiana and Michigan businesses were awarded the bank's Elevate Small Business Grant for a total of $519,550 in 2021. Now in its fourth year, Elevate was developed to strengthen our communities and encourage Indiana and Michigan small businesses to grow their relationship with an FHLBank Indianapolis member financial institution.

Federal Home Loan Bank Indianapolis members can now sell mortgage loans secured with eNotes through the Advantage Mortgage Purchase Program (Advantage MPP). In addition, members can now pledge eNotes as collateral when accessing the bank’s credit products.

On July 29, 2021 FHLBank Indianapolis issued its second 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 dividends will be paid in cash on July 30, 2021.