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Fostering Internal and External Champions to Achieve Community Goals

Discover the role of internal and external champions in achieving community goals through partnerships with financial institutions. Join the panel discussion with industry experts sharing insights on engaging stakeholders, accessing resources, and fostering sustainable community assets.

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Fostering Internal and External Champions to Achieve Community Goals

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  1. Fostering Internal and External Champions to Achieve Community Goals How your community financial Institution may be the missing partner Panel Discussion With: MaryBeth Wott: FHLBank Indianapolis Megan Coler-Hasser: FHLBank Indianapolis Karen Gregerson: The Farmers Bank Kristen Hodge: The National Bank of Indianapolis

  2. Introduction to FHLBank Indianapolis Developing internal and external Champions Importance of Community Financial Institution partnerships Opportunities to partner Community support and resources available Engagement and relationship building Session Goals

  3. FHLBank Indianapolis Who we are

  4. Overview Cooperatives created by Congress in 1932 11 regional banks with over $1 trillion in total assets Member owned – only members can access products/services Each FHLBank independently managed 10% of yearly net earnings from each bank are reinvested into communities Federal Home Loan Bank System

  5. Federal Home Loan Bank System Where are we?

  6. Indiana + Michigan Nearly 380 members Members include: Commercial banks and thrifts Credit Unions Insurance Companies CDFIs Approximately 250 staff Community Investment Department – 13 staff FHLBank Indianapolis

  7. Primary Grant programs Community Investment Programs

  8. Additional programs Community Investment Programs • Community Investment Program (CIP) • Discounted advances and letters of credit available to members on an ongoing basis to support targeted housing and economic development. • Elevate Small Business Grant • A new grant program aimed to help stimulate local economic development, workforce development and job creation through small businesses in Indiana and Michigan. • Community Mentors Program • Partnering community with development experts to present a day filled with best practices in implementing community development goals. Learning from others who have navigated the challenges of engaging community stakeholders.

  9. Importance of Champions Developing internal & External partners to achieve community goals

  10. Champions

  11. Community Financial Institutions Building a network of champions

  12. Community Partnerships Financial Institutions • Financial Institution (Member) • Invest in the community • Foundation/philanthropy goals • Community Reinvestment Act (CRA) • Access to FHLBank Indianapolis grants/funding • Community Partner • Connection to community project or program • Create long term, sustainable community asset • Fulfill a need or mission • Leveraging investments • FHLBank Indianapolis • Leverage funding with stakeholders with common objectives • Develop new or expanded relationships with members • Create jobs

  13. Community Financial Institution Panel Discussion Karen Gregerson, President/CEO The Farmers Bank Kristen Hodge, VP, Nonprofit services The National Bank of Indianapolis Moderated by: Megan Coler-Hasser, Community Investment Outreach Analyst FHLBank Indianapolis

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