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Comment

FORUM Credit Union has been a member of the Federal Home Loan Bank of Indianapolis (FHLBI) since 1999. We have found the bank's products and programs we use complement our initiatives while improving our bottom line. These programs help us serve our 180,000 members. The Credit Union borrows from the FHLBI, sells first mortgages to them through the MPP program and we invest in FHLBI stock. The Credit Union borrows from FHLBI to fund loans to our members in a cost effective manner. This allows us to offer affordable financing options to our members. We sell mortgage to the FHLBI to properly mitigate interest rate risk and reduce funding demands. The Credit Union has increased our stock investment beyond what is required because we find the stock to be a reliable investment outperforming comparable alternative options. With our partnership with the FHLBI we are able to offer a full array of consumer and commercial loans to our members and member businesses. In recent years, our loan production has increased significantly over historic levels. Without borrowing from and selling mortgages to the FHLBI, we would have had to reduce loan product levels and/or reduce offerings to our members and member businesses. Specific loan programs we have been able to expand include: first mortgages, commercial real estate + land development, and automobile loans. If we did not have the FHLBI as a partner our income would be reduced, expenses increased, and efficiencies would be lost. The value we provide to our FORUM membership would be reduced.