As 2013 was coming to a close, the Lakota Federal Credit Union’s Board of Directors approved an increase in their secured loan limit from $5,000 to $25,000 in a strategic move to promote asset-building opportunities for its 1,166 members. While […]
With International Credit Union Day taking place on October 17, the staff at the Lakota Federal Credit Union, the only federally-insured financial institution on the Pine Ridge Reservation, is celebrating reaching and exceeding the 1,000 mark in members. To be […]
During the grand opening celebration of the Lakota Federal Credit Union on May 3, 2013, Senator Tim Johnson (SD-D) and Bryan Brewer, Oglala Sioux Tribal President, provided opening remarks to commemorate the only federally-insured financial institution on the Pine Ridge […]
The 2013 South Dakota Indian Business Conference shared effective strategies to build private sector businesses on South Dakota’s reservations. The Lakota Federal Credit Union has played a key role in addressing these issues on the Pine Ridge Reservation. Read the […]
With April as National Financial Literacy Month quickly approaching, the staff at the Lakota Federal Credit Union, the only federally-insured financial institution on the Pine Ridge Reservation, is celebrating reaching and exceeding the 500 mark in new members. Read the full […]
A line of customers stretched out the door at the Kyle credit union on Thursday as Native Americans who were part of a federal land settlement waited to cash $1,000 checks that began arriving in the mail late last week. […]
The Lakota Federal Credit Union in Kyle officially opened its doors Wednesday. Within 24 hours staff had signed up 26 new members and made their first loan, said Tawney Brunsch, board chairman for the credit union, which is the first federally-insured financial institution […]
Lynn DuBray and her children can’t wait to join their credit union when it opens next month on the Pine Ridge Indian Reservation. “I’m very excited for it,” said DuBray, a parent educator at Little Wound School in Kyle. “This is going to […]
The Pine Ridge Indian Reservation in South Dakota is getting its first credit union. The National Credit Union Administration has announced that it has approved the charter for Lakota Federal Credit Union. The low-income designation credit union is expected to […]
There are a number of reasons why more economic development does not occur on South Dakota’s tribal lands, one of which is the lack of financial institutions. That hurdle may get lower on the Pine Ridge Reservation if a planned […]
