Lakota Federal Credit Union

At Lakota Federal Credit Union (LFCU), we are dedicated to empowering dreams and enriching the community. We strive to provide high-quality financial products and services to the Lakota people and the communities they live in. Our mission is to ensure that our members have access to convenient, reliable, and professional financial services, ultimately helping them achieve financial security and prosperity. Established in 2012, LFCU has become the first and only federally-insured financial institution on the 2.2 million-acre Pine Ridge Reservation, providing vital banking services to a community that has been without one for decades.

Becoming a Member

Joining Lakota Federal Credit Union is a simple process, and we welcome new members with open arms. To become a member, you must meet the following eligibility criteria:

1. You are a member, employee, or volunteer of the Oglala Sioux Tribe or one of its recognized divisions, or a member of a household of such a person.

2. You live, work, or own a business within the boundaries of the Pine Ridge Reservation.

3. You are an immediate family member of an existing LFCU member.

Once you confirm your eligibility, you can apply for membership by completing and submitting a Membership Application.

Non-Member Deposits

Lakota Federal Credit Union accepts non-member deposits to help support the community. These include:

1. Share Insurance Fund (SIF): Deposits made by the National Credit Union Share Insurance Fund.

2. Public Unit Deposits (PUD): Deposits from state or local governmental entities, including schools, park districts, and other public organizations.

Accounts & Loans

LFCU offers a variety of accounts and loan services to empower our members and help them attain their financial goals.

Accounts

1. Savings Accounts: A basic savings account that earns interest and provides access to other LFCU services, with a minimum deposit of just $5.

2. Checking Accounts: A convenient checking account designed for everyday use, complete with a debit card, online banking, and mobile banking access.

3. Certificates of Deposit (CDs): High-yielding CDs for long-term savings, with terms ranging from six months to five years.

Loans

1. Home Loans: Competitive mortgage rates, FHA, VA, and USDA loans, as well as down payment assistance programs for first-time homebuyers.

2. Auto & Consumer Loans: Low-interest loans to help members finance new or used vehicles, RVs, boats, and other personal items.

3. Credit Cards: Multiple credit card options, including a secured credit card for those looking to build or rebuild their credit history.

Empowering the Community

Lakota Federal Credit Union is more than just a financial institution; we are a dedicated community partner. Our commitment to the Lakota people and the Pine Ridge Reservation extends beyond the services we provide. We actively participate in and support community events, fundraisers, and educational initiatives. We are proud to be a part of this vibrant and rich culture, and we are dedicated to helping it flourish.

Our History

The Lakota Federal Credit Union was established in 2012 by a group of visionary community leaders with a dream to provide essential banking services to the people of the Pine Ridge Reservation. Following the Indian Recognition Act of 1935, the reservation had been without its own financial institution. A steering committee, comprised of local experts and supporters, worked diligently to bring the first federally-insured credit union to the reservation. After years of dedicated effort, the Lakota Federal Credit Union received its charter in August 2012 and opened its doors the following November.