Leadership Transition at Federal Home Loan Bank of Indianapolis

Author: Owen Jenkins Updated: 08-08-2025 12:15 PM

Significant Leadership Changes at FHLBank Indianapolis

After an impressive 41 years of dedicated service at the Federal Home Loan Bank of Indianapolis, Cindy Konich has announced her retirement, effective Sept. 30, 2025. Her extraordinary journey includes 12 years at the helm as President and CEO, during which she has significantly influenced the organization and the communities it serves.

A Successful Tenure

Throughout her tenure, the Bank has seen considerable growth and advancement, with assets soaring to $91 billion by mid-2025. This growth reflects both her leadership and the commitment of the staff to the Bank’s mission of supporting liquidity needs and community development across the regions it serves.

Milestones Achieved

Under Konich’s guidance, the Bank has consistently demonstrated its commitment to affordable housing. Notably, in 2024, the organization returned $77 million to its Affordable Housing Programs, marking a record high of 17.5% of annual net earnings.

Transitioning Leadership

As Cindy Konich prepares for retirement, Brendan McGrath has been appointed as her successor, effective Oct. 1, 2025. With 25 years of experience at the Bank, McGrath has held a variety of key roles, including Chief Risk and Compliance Officer, showcasing his deep understanding of the organization and its mission.

Commitment to Community Development

Brendan has expressed his enthusiasm about continuing the work of the Bank, emphasizing the importance of maintaining a member-centric focus. He aims to build on the strong foundation laid by Konich and drive forward the mission of supporting housing and community development across Indiana and Michigan.

Insights from the Board

Board Chairman Robert (Bob) Fisher praised Konich for her skilled leadership and dedication over the past twelve years. He noted her ability to inspire and empower the team, creating a workplace culture that encourages excellence and collaboration.

The Future Ahead

As FHLBank Indianapolis transitions to a new leadership phase, there’s palpable excitement about the future under McGrath’s guidance. His commitment to the Bank’s values and mission of community development is a reassuring sign for stakeholders and members alike.

Contact Information

For any inquiries, please reach out to:
John Bingham, SVP, MPP and Corporate Communications
Email: jbingham@fhlbi.com
Cell: 317-605-4653

Federal Home Loan Bank of Indianapolis: Mission and Vision

FHLBank Indianapolis, a part of the Federal Home Loan Bank System, is dedicated to empowering member financial institutions to provide affordable housing and small business solutions. By maintaining a strong regional presence, the Bank ensures that the needs of its member institutions and their customers remain a top priority.

Frequently Asked Questions

1. When will Cindy Konich officially retire?

Cindy Konich has announced her retirement effective September 30, 2025.

2. Who will succeed Cindy Konich?

Brendan McGrath has been appointed as the next President and CEO, effective October 1, 2025.

3. How long has Cindy Konich been with FHLBank Indianapolis?

Cindy Konich has been with the Bank for 41 years, serving as President and CEO for the last 12 years.

4. What major milestone did the Bank achieve in 2024?

In 2024, the Bank returned a record-high $77 million to its Affordable Housing Programs.

5. What is the primary mission of FHLBank Indianapolis?

The Bank's mission focuses on supporting liquidity needs and advancing housing and community development across Indiana and Michigan.

About The Author

Hi there I'm 38-year-old author and financial consultant Owen Jenkins. Having worked in the financial sector for more than ten years, I am well-versed in the subtleties and complexity that mold our financial environment. Following a degree in finance, I worked in a number of financial institutions honing my abilities in market analysis, financial planning, and investment strategies.

My love is teaching others about investing and personal finance. My goal in writing many books and articles has been to demystify financial ideas and give readers the information they need to make wise financial decisions. I write with a direct, useful style that emphasizes doable suggestions for daily living.

Along with writing, I lead webinars and seminars where I impart knowledge on how to successfully negotiate the financial world. I also write for financial journals and show up as a guest expert on financial news programs a lot. Whether they are new to investing or want to improve their approach, my mission is to enable people to take charge of their financial futures.

Beyond work, I like to hike, play the guitar, and spend time with my family. I think that balance is crucial and want to encourage people to strike a balance between their financial aspirations and their hobbies. I want to help people succeed and achieve financial security through my work, so having a good influence.

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