The Federal Home Loan Bank of Indianapolis (FHLBank Indianapolis) has announced the results of its 2026 Board of Directors elections, certifying the results on October 26, 2026. The elections filled one open independent directorship and one open member directorship each for the states of Indiana and Michigan. All newly elected directors will assume their terms on January 1, 2027, and will serve through December 31, 2030.
In the district-wide election for the independent directorship, Kathryn Dominguez was re-elected to the position. She is a professor of public policy and economics at the University of Michigan in Ann Arbor. The election was uncontested, and she received 3,903,574 votes. The total number of eligible voters across Indiana and Michigan was 354, with 185 members casting valid votes.
In the Indiana member director election, Ryan Warner was re-elected to the open Indiana member directorship. He serves as the chairman of the board for The Bippus State Bank in Huntington, Indiana. Mr. Warner received 2,116,915 votes, defeating Clifford Clarke, the vice chairman of Three Rivers Federal Credit Union in Fort Wayne, Indiana, who received 840,989 votes.
In the Michigan member director election, William Hufnagel was elected to the open Michigan member directorship. He is the president and chief executive officer of The Dart Bank in Mason, Michigan. Mr. Hufnagel received 1,349,714 votes, defeating Jennifer Borowy, the president and CEO of Michigan First Credit Union in Lathrup Village, Michigan, who received 780,310 votes.
The newly elected directors will be compensated in accordance with the Bank's 2027 Directors' Compensation and Expense Reimbursement Policy. The Bank has stated that it has not engaged in any transactions with the elected directors or their immediate families that would require disclosure under applicable regulations.
