Year: 2016

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…
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Financial Services Adds Equifax as Credit Reporter for Loans

ASS 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…
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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. (LLFS), the CDFI is designed to manage the…
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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…
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