The Liquidity You Need, When You Need It

The families and communities in your area are counting on you. FHLBI is your partner, in your financial and community efforts. We've helped credit union members support local housing since 1990.

Through our buying power, we offer members a number of low-cost credit products to support their housing finance, asset-liability management, and community lending needs.

Let us help you meet the needs of your members and stay competitive in a complex market. See the ways we can support your financial and community partnership opportunities.

Financial Partnership

Advances

Money_Bills_croppedWhether your funding needs are overnight or long-term, FHLBI is your source. Advances can be fixed rate or floating rate, and can include embedded options – puts, calls, caps, etc. In addition, we offer letters of credit, overdraft lines of credit, and more, to help you manage your funding risk.

Community Investment Program

Advances and letters of credit through our Community Investment Program are priced at cost (plus an administrative fee) to help FHLBI members ensure their communities experience steady economic growth by supporting low- to moderate-income housing, infrastructure improvements, job creation or retention, and economic development.

Mortgage Purchasing

MPP_3200x1000_5_croppedFHLBI’s Advantage Mortgage Purchase Program (MPP) is a competitively priced alternative to the secondary mortgage market. Through MPP you can sell us qualified 5- to 30-year fixed rate mortgages. An added benefit is a lender risk account (LRA) that is funded at the time of loan purchase to offset potential loan losses. If the LRA funds are not needed, they are returned to the seller over time.

Correspondent Services

CorrespondentServ_MoneyImageWe can help with your operational needs, as well.  Services such as Automated Clearinghouse, net settlement, securities safekeeping, wire transfer, and coin and currency are all conveniently handled through our secure Member Link site.

Community Partnership

HouseIllustrationAs a credit union, you're proud to be a transforming presence in your community. FHLBI stands ready to help you enhance your member focus with our Affordable Housing Program initiatives*.

AHP Competitive Grants

Grants as large as $500,000 are awarded annually to members and their community partners in an annual competitive application process that supports the development of affordable housing.

Homeownership Initiatives

In addition to the competitive grants, FHLBI also offers members three other sources of affordable housing funding credit unions can share with qualified homeowners.

Homeownership Opportunity Program (HOP)

Assists first time homebuyers with down payment and/or closing costs (up to $8,000).

AMP_Logo_1x1Neighborhood Impact Program (NIP)

Provides rehab assistance to revitalize or repair neighborhoods or homes (up to $7,500).

Accessibility Modifications Program (AMP)

Helps seniors and persons with disabilities make home repairs and remain in their homes (up to $15,000).


*Grants and initiatives, and their dollar amounts, are subject to eligibility and other requirements and may change.

Sign Me Up!

Membership is open to credit unions in Indiana or Michigan and requires a stock purchase. ​Learn more about membership and apply or contact a Credit Union Account Manager at 317.465.0424 to get started.

Or apply now.