(INDIANAPOLIS, Oct. 2, 2026) – Indiana Members Credit Union (IMCU), Central Indiana’s largest credit union, in collaboration with the Federal Home Loan Bank of Indianapolis (FHLBank Indianapolis), awarded two nonprofit organizations $75,000 in grant funds through the Community Multiplier – Member Match Program.
On September 29, IMCU presented checks to the following organizations: Helping Veterans and Families (HVAF) of Indiana Inc., and the Chin Community of Indiana (CCI). The $75,000 in grants will support these organizations with their Housing Supportive Services and Housing Counseling initiatives for prospective homeowners.
“At IMCU, we believe that safe, stable housing is the foundation for strong families and thriving communities,” said John Newett, president and chief executive officer of IMCU. “We are proud to partner with HVAF and the Chin Community of Indiana through the Community Multiplier Program to help expand access to housing resources, counseling, and supportive services. Together, we are creating opportunities that empower individuals and families to build brighter futures and achieve long-term stability.”
The Federal Home Loan Bank of Indianapolis (Bank) created the Community Multiplier – Member Match Program (Multiplier or Program) as a flexible grant program intended to help nonprofits within the district who support and encourage the new construction and preservation of affordable housing. The program supports all member financial institutions assisting their local community needs outside of the programs and products already offered by the Bank. In 2026, the Bank has designated $5 million for the Program and will award Multiplier grants up to $60,000 per Bank member. Participating Bank members can submit up to four applications in increments of $15,000 to reach their maximum grant amount of ($60,000). The member must contribute at least 25% match to the total grant amount requested from FHLBank Indianapolis.
ABOUT INDIANA MEMBERS CREDIT UNION
Indiana Members Credit Union (IMCU), headquartered in Indianapolis, was founded in 1956 on the campus of IU Indianapolis. Since then, IMCU has grown to become the largest credit union in central Indiana, with 33 branches serving central and southern Indiana and offering consumer and business members a full range of products and services. IMCU has been recognized as a Top Workplace and has received the Best Things Indianapolis Community's Choice Award for Banking and Credit Unions from The Indianapolis Star, as well as Newsweek's America's Best Credit Union in Indiana award for three consecutive years. Known for offering competitive rates on loans and deposits, IMCU remains true to its roots by "Keeping It Simple" for members. For more information, visit IMCU online at www.IMCU.com.
ABOUT FEDERAL HOME LOAN BANK OF INDIANAPOLIS
Building Partnerships. Serving Communities.
FHLBank Indianapolis is a regional bank included in the Federal Home Loan Bank System. FHLBanks are government-sponsored enterprises created by Congress to ensure access to low-cost funding for their member financial institutions, with particular attention paid to providing solutions that support the housing and small business needs of members' customers. FHLBanks are privately capitalized and funded and receive no Congressional appropriations. FHLBank Indianapolis is owned by its Indiana and Michigan financial institution members, including commercial banks, credit unions, insurance companies, savings institutions and community development financial institutions. For more information about FHLBank Indianapolis, visit www.fhlbi.com and follow the Bank on LinkedIn and X at @FHLBankIndy.