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Leech Lake Minnesota Success Stories

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  • Building Credit, Building a Nation

    Reprinted from Initiative Foundation website: https://www.ifound.org/initiative-quarterly/energy-matters/building-nation/An innovative financial program aims to boost the Leech Lake Band of Ojibwe’s economic self-sufficiency.For Missy Bowstring, a member of the Leech Lake Band of Ojibwe, Leech Lake Financial Services (LLFS) has been more than a place to get a personal loan. She received the loan in May, but she often gets in touch for other kinds of financial help.“I can always call LLFS and ask...  Read More...

  • Financial Services Adds Equifax as Credit Reporter for Loans

    CASS LAKE (MN) – Leech Lake Financial Services (LLFS) officially became an approved credit reporter to Equifax, a major credit reporting company used in the region.  Equifax becomes the second major credit bureau reporting LLFS loans, as LLFS has been reporting to TransUnion since June of 2015.To report its loans to major credit bureaus, LLFS had to pass inspections of its non-profit corporate status, its loan programs and a physical, on-site inspection of its office, computers and fil...  Read More...

  • Leech Lake Financial Services Awarded Native CDFI Grant

    The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) selected Leech Lake Financial Services for a grant award through the FY 2016 Native American CDFI Assistance (NACA) Program. Leech Lake Financial Services was the only organization in Minnesota to win the award.“This grant award reflects the dedication and support the Leech Lake Tribal Council gives to Leech Lake Financial Services,” said Rob Aitken, LLFS Executive Director.   Read More...

  • LLBO Financial Services Seeks Certification

    The Leech Lake Band of Ojibwe’s Community Development Financial Institution (CDFI) is moving toward certification by the U.S. Department of Treasury. Successful reservations typically have healthy, vibrant CDFI’s available, and that’s the goal of the group building the LLBO community CDFI.Named Leech Lake Financial Services, Inc.   Read More...