West Lafayette, IN (May 6, 2025) |
Purdue Federal Credit Union (Purdue Federal), in partnership with the Federal Home Loan Bank of Indianapolis (FHLBank Indianapolis), has awarded a total of $165,000 to four Lafayette-area non-profit organizations through the Community Multiplier – Member Match Program. The grants include $150,000 in funding from FHLBank Indianapolis and an additional $15,000 in direct contributions from Purdue Federal. The initiative supports local organizations working to strengthen housing stability, provide shelter, and enhance the well-being of community members.
“At Purdue Federal, we care deeply about uplifting the communities we’re a part of, and we’re grateful for the opportunity provided by FHLBank Indianapolis to make a greater impact,” said Darrick Weeks, President and CEO of Purdue Federal Credit Union. “These funds help organizations that provide life-changing support to families and individuals during their most difficult times, and we’re honored to play a role in that.”
The Community Multiplier – Member Match program is FHLBank Indianapolis’ newest program offering, designed to support targeted affordable housing initiatives that fall outside of FHLBank Indianapolis’ other grant programs. Community Multiplier provides funding for non-profit organizations headquartered in Indiana or Michigan who partner with an FHLBank Indianapolis member financial institution on targeted affordable housing initiatives. With a 10% matching funds commitment from the member financial institution, FHLBank Indianapolis is providing grants between $25,000 and $125,000. The program opened March 27, 2025, with a $5 million allocation and is available until October 1, 2025, or until funds are exhausted.
YWCA Greater Lafayette received a total of $82,500 – including $75,000 from FHLBank Indianapolis and $7,500 from Purdue Federal – to support its domestic violence shelter, which provides emergency housing and critical services to survivors seeking safety and stability.
“We’re incredibly grateful to Purdue Federal for their continued support and partnership” said Lindsey Mickler, President and CEO of YWCA Greater Lafayette. “These funds not only help us provide a safe place for survivors to turn to, but also allow us to deliver the care and services they need to move forward.”
Lafayette Transitional Housing Center, Inc. was awarded $27,500 – including a $25,000 from FHLBank Indianapolis and $2,500 from Purdue Federal – to enhance its services that help individuals and families overcome homelessness and work toward long-term housing stability.
Greater Lafayette Family Shelter (formerly Family Promise) received $27,500, with $25,000 from FHLBank Indianapolis and $2,500 from Purdue Federal, to expand its transitional housing and case management services for families in crisis.
Homestead Resources was granted $27,500 – including $25,000 from FHLBank Indianapolis and $2,500 from Purdue Federal – to strengthen its homeownership support services through financial counseling and education aimed at preventing homelessness.
Purdue Federal Credit Union is dedicated to fostering trust and lifelong partnerships through its mission of "people helping people." Purdue Federal is proud to support local organizations that are working to strengthen housing stability and improve the lives of those in need. To learn more about Purdue Federal and its community initiatives, please visit purduefed.com.
