Native American Bank, SCC Foster DevelopmentFeb 15th, 2007 | By tcj | Category: 18-3: Building Prosperity, Tribal College News
Stone Child College (SCC, Box Elder, MT) is a depositor and supporter of the Native American Bank, National Association (NAB). The Chippewa Cree Tribe, which charters SCC, is a shareholder of NAB, whose mission is to help foster economic sovereignty in Indian Country.
SCC receives very competitive rates on its funds, all the while helping turn tribal dollars in its own community. A loan production office and an ATM are located on the college campus located on the Rocky Boy’s Indian Reservation in north central Montana.
NAB is s a federally chartered bank that is owned by Native American Bancorporation, a bank holding company that has been organized by a group of tribal nations and Alaska Native Corporations. Over 85% of NAB’s lending efforts are in Indian communities across the United States.
NAB’s broad vision is to: (1) be a powerful engine for Indian economic development, (2) establish a significant Indian presence in the financial marketplace, and (3) project the growing economic power of tribes and Indian businesses onto the national scene.