Indigenous Governance Database
banking
From Policy to Practice: Native CDFI Network & Tribal Business News Podcast
How Native CDFIs grew from federal study into a sovereign finance movementIn 2001, the U.S. Treasury Department released the Native American Lending Study, identifying 17 structural barriers to capital access in Indian Country. The report helped catalyze what would become the modern Native CDFI…
Model Tribal Secured Transactions Act
The Model Tribal Secured Transactions Act (MTSTA) is based on the Uniform Commercial Code's (UCC) Article 9 and provides a legal framework for promotion of private business via secured transactions. A secured transaction occurs when a loan is issued and personal property, not real estate, is used…
Credit union has grand opening at Fortune Bay
Banking will be much more accessible for Bois Forte Band members with the opening of the Northern Eagle Federal Credit Union. The non-profit institution celebrated its grand opening Monday at its Vermilion branch, located at Fortune Bay Resort Casino near Tower. Northern Eagle’s main branch is at…
Credit union opens new doors at Pine Ridge
In only nine weeks since it opened, the Lakota Federal Credit Union has attracted 317 members, and $1.2 million in deposits. “We have already approved $100,000 in loans, and that has been by word of mouth. It’s been huge,” Tawney Brunsch, executive director for the Lakota Funds, announced. Brunsch…