Wells Fargo Grants Leech Lake Financial Services $26,000 for COVID-19 Relief & Workforce Development

Thank you, Wells Fargo, for awarding Leech Lake Financial Services with two separate grants totaling $26,000. The first grant LLFS received is for $20,000. The grant operations as part of the Wells Fargo support for General operating support/COVID-19 relief response. The second grant is for $6,000 for a workforce development grant/project with MI2 in Bemidji,…
Read More

Leech Lake Financial Services Updates Due To COVID-19

As we continue to experience uncertain times, your safety and well-being are at the top of our priority list. This includes your financial health. With that in mind, we’ve made some temporary changes to how we operate in order to increase our support and flexibility to you. LLBO has notified us that individuals with LLFS…
Read More

Leech Lake Financial Services To Issue Interest-Free Emergency Loans To Area Small Businesses

CASS LAKE, MN – Leech Lake Financial Services was approved by the Minnesota Department of Employment and Economic Development (DEED) to be a lender for its Small Business Emergency Loan (SBEL) program. DEED has established a loan program to assist small businesses directly and adversely affected and whose industry is named in Executive Orders 20-04 and 20-08 following the…
Read More

Initiative Foundation grants $10,000 to fund our individual financial coaching

Leech Lake Financial Services received $10,000 from the Initiative Foundation to fund our one-on-one financial coaching in Cass Lake, MN. This grant will help us support our community through assist with basic budgeting, financial goals which will ultimately improve the recipient’s credit and buying power. Initiative Foundation grants are awarded to Central Minnesota nonprofits and…
Read More

LLFS Is A Volunteer Income Tax Assistance (VITA) Site

We’re now a Volunteer Income Tax Assistance (VITA) site! VITA is a program that offers free tax help to people who need assistance in preparing their own tax returns. Rob and Lynn are IRS-certified volunteers providing free basic income tax return preparation with electronic filing to qualified individuals. So grab your paperwork and come on…
Read More

MN DEED Grants $100,000 for Small Business Loan Program & USDA RBDG Grants $136,571 for LLFS Incubation Spaces

Leech Lake Financial Services would like to thank Minnesota Department of Employment and Economic Development for the 2019 grant award of $100,000 and USDA – Rural Business Development Grant of $136,571. These grants will be used to remodel LLFS into Incubation spaces. We have launched an online platform to assist our clients in our business…
Read More

Thank You Northwest Area Foundation For The Generous 2019 Operations Grant Award

Leech Lake Financial Services would like to thank Northwest Area Foundation for the generous 2019 Operations Grant award. This grant has helped us to keep our doors open, provide area financial skills trainings and continues to offer these programs to the Cass Lake community. Chi-Miigwech. The Northwest Area Foundation was established in 1934 and is…
Read More

Above Board: Compliance, Legal, and Financial Best Practices conference

Pam and Lynn were able to attend the Above Board: Compliance, Legal, and Financial Best Practices conference in Arizona thanks to the CDFI Fund. They both received full scholarships for travel and to attend the conference hosted by the Friedman Associates. Friedman Associates is a national consulting firm to CDFIs, with the leading experts dedicated…
Read More

The 2019 Native CDFI Network Summit

Robert H Aitken, Executive Director of Leech Lake Financial Service, attended the Native CDFI Network Summit in Washington, DC. The summit was an opportunity for CDFI leaders and allies to help shape Native CDFI policies for next year. These policies will advance the Native CDFI industry, promote growth, prosperity, and economic impact in Indian Country. It was…
Read More

Credit Builders Alliance Grants LLFS $40,000 for Operations and Funding the Credit Builder Loans

Leech Lake Financial Service’s programs would not be as successful as they are without the support and funds we receive from nonprofits like the Credit Builders Alliance (CBA). CBA was created by and for our nonprofit members as a bridge to the modern credit reporting system to help millions of individuals with poor or no…
Read More

Otto Bremer Trust or the 2019 Community Asset Building Grant award of $50,000

Leech Lake Financial Services would like to thank Otto Bremer Trust for the 2019 Community Asset Building Grant award of $50,000. This grant has supported many of our programs and services in the Leech Lake Reservation Community, such as our Small Business Loan Program, Business 101, Business Blueprint and LLFS’s operating funds. We are grateful…
Read More

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…
Read More

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

Archive

202020192016