This March, Trust Fund President/CEO Christine Coady was appointed to an open director position on the Federal Home Loan Bank of Indianapolis’ (FHLBI) board, for a term ending December 31, 2010. The Finance Board has designated her as an FHLBI Community Interest Director.

“In this time of economic uncertainty, I am fully aware of the challenges facing our region,” said Coady. “It will be an honor to serve on the board, and I look forward to working with my colleagues in Michigan and Indiana to help stabilize our economy and make affordable housing accessible to more Americans.”

FHLBI is one of 12 regional banks that make up 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. They are privately capitalized and funded, and receive no Congressional appropriations.

The FHLBI is owned by its financial institution members which include commercial banks, credit unions, insurance companies, and savings banks headquartered in Indiana and Michigan. For more information about the FHLBI and its Affordable Housing Program, visit www.fhlbi.com.