Member Newsletter - August 2021
Featured topics in this month's Member Newsletter include:
  • Q2 2021 Earnings Release
  • 2021 Shareholder Symposium: Register Today
  • Meet our New Account Manager, Jaime Carver
  • MPP Bulletins and updated MPP Guide
  • Community Investments: Community Spirit Award | Elevate | Community Support Statements
  • Follow us on LinkedIn
Second Quarter 2021 Earnings Release
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 were paid in cash on July 30, 2021.

Please click here to read the full earnings release.
2021 Shareholder Symposium
Register Today
Join your colleagues from across Indiana and Michigan and your business partners at FHLBank Indianapolis for our 2021 Shareholder Symposium focused on emerging trends in the housing market.
 
This year’s Symposium will be conducted as a webinar and include an update on the state of the bank from President and CEO Cindy Konich. It will also feature an in-depth presentation and question-and-answer session regarding housing trends with Ali Wolf, the chief economist at Zonda, a data and research firm focused on homebuilding.
Meet our New Account Manager
Jaime Carver
We are pleased to announce the addition of Jaime Carver to our sales and marketing team as a Senior Account Manager. Jaime has spent 22 years in finance, accounting, budgeting and Treasury roles, primarily in the banking industry and most recently with Flagstar Bank.

Jaime is a graduate of University of Michigan with a BBA in Finance and an MBA in Marketing from Oakland University. When Jaime is not on the road visiting members, she will work from our newly established office in downtown Detroit.

Jaime is a fitness enthusiast and enjoys spending time with her husband and two daughters at their cabin in northern Michigan where they enjoy boating in the warmer months and skiing and snowboarding in the winter months.


Advantage MPP Bulletins and updated MPP Guide
Eviction Moratorium Extended and Relief for Borrowers in Disaster Areas
FHLBank Indianapolis has extended the eviction moratorium for foreclosed borrowers until September 30, 2021. Click here to read MPP Bulletin 09-21.

Another MPP Bulletin was posted on August 5th regarding properties affected by federally declared disasters. The initiative is intended to help borrowers return to their homes and lives. This Bulletin was prompted by the FEMA announcement of a federal disaster due to severe storms, floods and tornadoes in Washtenaw and Wayne Counties in Michigan. Click here to read MPP Bulletin 10-21.

FHLBank Indianapolis has also released an updated MPP Guide. Updates include FHLBank Indianapolis's standards for purchasing mortgages that utilize eNotes, More information will be released on eNotes in coming weeks. Click here to the view the New MPP Guide.

Please contact our MPP Department at 1-800-274-4636 with questions.
Community Investment Updates
Community Spirit Award | Elevate | Community Support Statements
2021 Community Spirit Award Open for Nominations

Do you know a champion at an FHLBank Indianapolis member who has shown a commitment to affordable housing and community development?

They may be eligible for the FHLBank Indianapolis Community Spirit Award, which recognizes an outstanding individual making a difference in Indiana and Michigan. In addition to the recognition, FHLBank Indianapolis makes a cash donation to the charity or nonprofit organization of the Community Spirit Award recipients' choice.

FHLBank Indianapolis is now accepting nominations for an Indiana and Michigan recipient for the 2021 Community Spirit Award through August 13, 2021. Nominees must be employed by a chartered FHLBank Indianapolis financial institution.
Detroit Cycling Studio uses Elevate to Expand Offerings

Last year, FHLBank Indianapolis awarded an Elevate small business grant to Detroit Cycling Studio in Detroit, Michigan through member financial institution First Independence Bank. Despite the COVID-19 pandemic, Detroit Cycling Studio was able to pivot to a virtual online platform with the help of the Elevate Grant. The small business purchased 50 custom branded indoor cycling bikes for their clients to rent and use in their own homes and saw an increase in memberships.

Has your institution submitted the 2021 Community Support Statement? 

Every two years, the Federal Housing Finance Agency (FHFA) is required to consider each Federal Home Loan Banks member’s performance under the Community Reinvestment Act of 1977. The requirement applies to ALL FHLBank Indianapolis members, even if your institution is not subject to CRA. The Community Support Statement (CSS) is used to determine a member’s access to long-term FHLBI advances, the Affordable Housing Program (AHP), and targeted Community Investment Cash Advances (CICA) programs. It is important that your institution submits its CSS to retain access to all the aforementioned products/services. 

All members need to submit their CSS via the FHFA portal to satisfy this requirement. The FHFA began accepting Community Support Statements on April 1, 2021. To verify whether your institution has submitted its CSS, for help accessing the FHFA portal, or if you have general questions about CSS, please contact Anastasia Weinreich (CID Compliance Analyst) at aweinreich@fhlbi.com.
Follow us on LinkedIn
Are you following our LinkedIn page? Find FHLBank Indianapolis on LinkedIn to stay up to date on what we and our members are doing to serve your community!
This Member Newsletter ("Newsletter") is intended for informational purposes only. The views and opinions expressed by any author or commentator are solely the views and opinions of that individual and do not reflect the views of the Federal Home Loan Bank of Indianapolis ("FHLBI"). The content of this Newsletter should not be construed as legal or tax advice or opinion. In no event will FHLBI be liable for any damages whatsoever arising out of the use of or reliance on the contents of this Newsletter.