THRIVE CREDIT UNION AWARDS $137,500 IN FUNDS TO HEARTLAND SCHOLAR HOUSE THROUGH FHLBANK INDIANAPOLIS GRANT PROGRAM

FOR IMMEDIATE RELEASE 

5/9/2025 

THRIVE CREDIT UNION AWARDS $137,500 IN FUNDS TO HEARTLAND SCHOLAR HOUSE THROUGH FHLBANK INDIANAPOLIS GRANT PROGRAM 

Muncie, Indiana – Thrive Credit Union, a member of the Federal Home Loan Bank of Indianapolis (FHLBank Indianapolis), awarded Heartland Scholar House $137,500 in grant funds through the Community Multiplier – Member Match Program. 

The grant will support Heartland Scholar House’s mission to end the cycle of inherited poverty for single parents pursuing postsecondary education and their children, equally supporting all members of the family unit. The keystone of the scholar house program is providing stable housing for program participants, along with weekly coaching, advocacy, and skill-building.  

“At Thrive Credit Union, we believe that true community impact begins with investing in organizations who support individuals on their journey to stability and financial success,” said Brett Rinker, CEO at Thrive Credit Union. “We are honored to partner with Heartland Scholar House in their mission to empower single parents through education, housing, and brighter futures. Together, we are helping our community thrive." 

"These funds will help expand access to safe, stable student family housing, while offering resources that enable single mothers to pursue and complete college degrees. When a single mom earns a college degree, she not only transforms her future — she changes the trajectory of her children's lives for generations to come. This investment will strengthen families, break cycles of poverty, and create lasting, positive change across our entire community”, according to Briana Price, Executive Director of Heartland Scholar House. 

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 offers grants between $25,000 and $125,000 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. 

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Federal Home Loan Bank of Indianapolis: Building Partnerships. Serving Communities. FHLBank Indianapolis is a regional bank included in the Federal Home Loan Bank System. FHLBanks are government-sponsored enterprises created by Congress to ensure access to low-cost funding for their member financial institutions, with particular attention paid to providing solutions that support the housing and small business needs of members' customers. FHLBanks are privately capitalized and funded and receive no Congressional appropriations. FHLBank Indianapolis is owned by its Indiana and Michigan financial institution members, including commercial banks, credit unions, insurance companies, savings institutions and community development financial institutions. For more information about FHLBank Indianapolis, visit www.fhlbi.com and follow the Bank on LinkedIn and X (formerly known as Twitter) at @FHLBankIndy.