The Pine Ridge Reservation in South Dakota will be home to a newcredit union.

The NCUA's Office of Consumer Protection said it has approvedthe creation of Lakota Federal Credit Union, a low-incomedesignated community credit union that will serve the approximately40,000 people who live, work, worship, volunteer, attend school andtransact business on the reservation.

The new credit union is being sponsored by Lakota Funds, a26-year-old non-profit Community Development Financial Institutionin Kyle, S.D.,

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
  • Educational webcasts, white papers, and ebooks from industry thought leaders.
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Credit Union Management
Regulatory & Compliance