Many credit unions go the extra mile for their members, but only the $4.3 million Lakota Federal Credit Union on the Pine Ridge Reservation in South Dakota travels 3,500 miles in a brightly painted bus, offering products and financial education to members.
Before the credit union opened its doors in 2012, there were no federally insured depository institutions on the Pine Ridge Reservation. Now, Lakota has brought financial preparedness and security to more than 2,400 members.
Located on a reservation the size of Connecticut where almost 60% of the residents have little to no access to banks, many of the reservation's residents at first failed to notice the credit union even existed.
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