In honor of our 10-year anniversary, the Lakota Federal Credit Union hosted a community meal with raffle prizes and giveaways. The event began with opening remarks from several local leaders, including Oglala Sioux Tribe President Kevin Killer, Oglala Sioux Tribe Vice President Alicia Mousseau, District Representatives Michael Carlow Sr. and Austin Watkins Sr., and South Dakota State Senator Red Dawn Foster. In addition, Board Member, Lynn Hernandez, and Member, Lyle LeBeaux Jr., shared their personal experiences with utilizing Credit Union products and services and how it has impacted their financial well-being.
During her welcoming address, Lakota Federal Credit Union Board Chair, Tawney Brunsch, noted several milestones accomplished by the Credit Union over the last decade. The membership base has grown to nearly 4,000, asset size has grown to over $10 million, and approximately 3,000 loans totaling $34 million have been deployed within our service area.
“But honestly, it’s not all about the numbers. It’s about changing people’s lives and providing the tools to make that happen. One way we are doing that is by investing in our youth,” said Brunsch.
Shayna Ferguson, Branch Manager, announced the launch of the new Zičá Savings Accounts, which are designed specifically for youth ages 0-12. Zičá (pronounced zee-chuh) is the Lakota word for squirrel, an animal known for saving. The savings accounts provide special benefits for youth Credit Union members and incentive prizes for a minimum of $10 monthly deposits.
“We are so excited to create opportunities for our youth to gain banking experience and hope this instills positive financial habits that they will take with them into adulthood,” says Ferguson.