financial institutions
EAGLE BUTTE, S.D. — The Cheyenne River Sioux Reservation is big, but it isn’t as big as it used to be. As seen from the air, the land is an expansive, grayish-brown terrain cracked open by the winding Missouri River with scattered clusters of black dots. On the ground, the dots become cows — so...
Roughly 8 percent of the 917 community development financial institutions (CDFIs) in the U.S. are categorized as Native CDFIs (NCDFIs), which means they serve primarily American Indian, Alaska Native, or Native Hawaiian communities. Due to a mixture of historical, political, and geographical...
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...
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...
The New Markets Tax Credit (NMTC) has provided a vital spark to infrastructure and economic development projects across Indian country. Momentum has been building over the past several years but because of recent federal agency actions, and now tax-related Congressional bickering, it is in danger...
As a nonprofit organization and a Native community development financial institution (CDFI) certified by the U.S. Treasury, Four Bands Community Fund continuously strives to achieve its mission of creating economic opportunity by helping people build strong and sustainable small businesses and...
The first American Indian-owned bank in California, the Borrego Springs Bank (BSB) offers a full range of services to tribal governments and Native-owned businesses in order to facilitate the entrepreneurial growth of American Indian tribes. With more than $74 million in assets and two full service...
