Does your credit score really matter? Yes! Take it from Aaron Runs After, a client of Four Bands Community Fund on the Cheyenne River Sioux Reservation. He used his Credit Builder Loan as a stepping stone to homeownership. As a father of five, Aaron wished to make a permanent home that his children would enjoy, but he knew his credit score was a barrier in reaching that goal. He decided to use the Four Bands Credit Builder Loan to consolidate and pay off multiple debts and was able to increase his credit score by an astounding 90 points in the first year. He now owns a four bedroom home that his children can enjoy.Read More
Abigail Haas, a student at Red Cloud School in Pine Ridge, South Dakota, opened a savings account through Lakota Funds’ Child Development Account Program, a unique matched savings program that focuses on building the family core. She and the rest of her family attend quarterly meetings where they participate in financial literacy and family building activities. Abigail will also receive monthly lessons that teach her about saving and how to be responsible for her account.
Abigail’s parents plan to make annual withdrawals from the account to help pay for school clothes and supplies but will set aside half of the savings for Abigail’s college education. By the time she graduates college, Abigail will be in a position to successfully move on to higher education.Read More
In 2015, the Keweenaw Bay Ojibwa Housing & Community Development Corporation trained 174 community members through their Financial Assets & Training Program. As a result, community members improved their skills in the topic areas of budgeting, banking, credit, insurance, home buying, home ownership, and accounting. In addition, KBOHCDC provided tax preparation through their VITA program, which saved low-income working families thousands of dollars in tax preparation fees while maximizing their returns through the use of the EITC. KBOHCDC is gearing up its VITA program to serve even more clients in 2016.Read More
As part of our campaign for National Financial Literacy Month, we have an amazing story to share with your about a Crow Creek tribal member that made her homeownership dream a reality by working with one of our Network members, Hunkpati Investments.
Airryn Big Eagle says that before working with Hunkpati Investments, she didn’t save money and was never taught how to manage her finances, which ultimately resulted in damaged credit. “I was living paycheck to five days before my next paycheck.”Read More
As part of our campaign for National Financial Literacy Month, we have an inspirational story to share with your about a Pokagon Band citizen that was able to build an emergency savings fund, open a savings account, and pay down $7,000 in credit card debt – all in five months – with the help of one of our Network members, Chi Ishobak.Read More