Collateral Operations

New Email

Our Collateral staff will work with you to accomplish the pledging of your eligible assets in a safe and secure manner. The Collateral Operations staff can assist with questions related to eligible collateral, how to post collateral, third party collateral agreements, and assistance with uploading collateral data on Member Link. To make it easier to access the Collateral Operations staff, a new general email address is available. As always, FHLBank Indianapolis department contacts can be found on the Contact Us pages of fhlbi.com and Member Link Portal. 

The group email for the Collateral Operations has been updated to collateraloperations@fhlbi.com in the ‘Contact Us’ section of the Member Link Portal.

Deepti Krishnan, Collateral Operations Manager, is also available for any questions at dkrishnan@fhlbi.com.

2023 Michigan Member Director Election

Eligible members in Michigan will have the opportunity to elect two Member Directors in the upcoming election

Here are the candidates:

• Jacqueline Buchanan, President and CEO, Genisys Credit Union, Auburn Hills, Mich.
• William Hufnagel, President and CEO, Dart Bank, Mason, Mich.
• Kenneth Kelly, Chairman and CEO, First Independence Bank, Detroit, Mich.
• Margaret (Peg) Lamb, Senior Vice President and Chief Risk Officer, People Driven Credit Union, Southfield, Mich.
• Michael Manica, Vice Chairman and Director, United Bank Financial Corp., the bank holding company of United Bank of Michigan, Grand Rapids, Mich.
• Kelly Potes, CEO, ChoiceOne Bank, Sparta, Mich.
• Robert Worthington, Senior Vice President, Chief Risk Officer, Secretary and General Counsel, Mercantile Bank, Grand Rapids, Mich.

In addition, there also are two Independent Director seats that will be open for election district wide. The slate of Independent Director candidates will be announced soon.

Voting for the 2023 FHLBank Indianapolis Director Election will open Sept. 25, 2023, and close on Oct. 26, 2023.

Look for email alerts with links to the ballot from “FHLBank Indianapolis Election Coordinator <noreply@directvote.net>,” and be sure to add this email to your “safe sender” list to avoid being filtered out from your email inbox.

Members requiring assistance with the election may contact FHLBank Indianapolis Corporate Secretary Lyndsay Miller at election@fhlbi.com.

Advantage MPP Announces 'Pay-up' Special for Low Balance Loans

Advantage MPP has announced a pricing Special that is intended to run through the end of the year. The Special allows members to receive price enhancements for loans sold to FHLBank Indianapolis with original loan balances less than or equal to $200,000.

“This is a targeted initiative aimed at borrowers who are at 80% or below the average median income for their area,” said Keith Pempek, Advantage MPP Account Manager. “It’s likely that most borrowers obtaining home loans in this balance range may fit this need category,” Keith added.

To facilitate the pricing Special a price enhancement grid is being distributed to MPP sellers each week. The eligible Mandatory Delivery Contracts (MDCs) created during the pricing Special will be reviewed at the conclusion of each day and the pricing will be enhanced accordingly.  

Test Your Line

Access to Liquidity When Needed

Take these actions to ensure you have access to liquidity you need -- when you need it -- from FHLBank Indianapolis.

Close the Agreement Gap

• Sign these agreements to ensure the liquidity you need is available.
• Certified Resolution for Advances
• Advances Pledge & Security Agreement
• Correspondent Services Agreement
• Each year, verify your authorized signers are correct.

Pledge Collateral

• Pledge collateral in anticipation of your borrowing needs.
• Identify potential collateral - FHLBI Credit Policy provides a listing of eligible collateral, or your Account Manager can help evaluate.
• Verify that you have the correct borrowing agreements in place, as well as specific collateral agreements needed.
• Convert eligible assets to borrowing capacity by reporting collateral data or delivering based on delivery method.

Take a Test Advance*

• Test your line so you know you're ready to go.
• Login to Member Link and check your Credit Availability Report to confirm your borrowing ability.
• Have an authorized signer request an advance.
• Purchase additional FHLBank Indianapolis stock, if needed, to satisfy requirements for the new advance.
• *As with any liquidity source, you should test out the process by taking out an advance at least once per year, even if you repay it the next business day.

Questions? Call our Advances Desk at 800-442-2568.

Member Link Portal Access

To add, change, or delete access to Member Link Portal secure services, the designated Security Coordinator for the member institution can complete an online Access Control Form to make changes.

To find out who is your institution’s designated Security Coordinator, and learn more about managing access, you can view the ‘Member Profile’ screen on Member Link Portal. Tip: It is recommended that an institution have more than one Security Coordinator to ensure that changes can be made when needed.  

Please reach out to the FHLBank IT Security Desk 1-800-288-6697 or service_desk@fhlbi.com, or your Account Manager, with any questions.