Michigan State University Federal Credit Union (MSUFCU) announced that Jeff Jackson, MSUFCU’s chief lending officer, has been elected to the Federal Home Loan Bank of Indianapolis (FHLBI) board of directors. In the role, he will provide leadership, strategic planning and guidance for FHLBI to help its members with reliable, cost effective and flexible funding resources.
Jackson is committed to strengthening and overseeing the FHLBI’s core mission to provide advances for liquidity, housing and community economic development to its members; to purchase mortgages from its members; to administer Affordable Housing Program (AHIP) grants; and to provide other correspondent banking services.
“It is an honor to have been elected to the FHLBI board of directors,” said Jackson. “I look forward to bringing a community-focused perspective to the FHLBI, increasing access to grants and improving services to further economic development.”
The FHLBI board is comprised of both member and independent directors. Board members are elected for four-year terms.