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Model Tribal Secured Transactions Act

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…

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Credit union has grand opening at Fortune Bay

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…

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Credit union opens new doors at Pine Ridge

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…

PBS "We Shall Remain": Spotlight on the Citizen Potawatomi Nation

Tribal Chairman John "Rocky" Barrett discusses how the Citizen Potawatomi Nation has become an economic powerhouse in Shawnee, Oklahoma. Key to the tribe’s success has been the decision to reinvest casino earnings to build new businesses rather than dividing the casino dividends and sending…