Filling a financial gap in Eastern Oregon
While employment by the Confederated Tribes of the Umatilla Indian Reservation drives an economic engine, tribal members and reservation residents lack access to traditional banking. Nixyaawii Community Financial Services is working to bridge that gap.
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May 13, 2021
Nixyaawii Community Financial Services chief operating officer Dave Tovey (left), chief financial officer Becky Cain and business development counselor Raven Manta in the new offices near the Wildhorse Resort & Casino. The community development financial institution serves residents of the Umatilla Indian Reservation. (Photo by Wil Phinney, Underscore.news)
While employment by the Confederated Tribes of the Umatilla Indian Reservation drives an economic engine, tribal members and reservation residents lack access to traditional banking. Nixyaawii Community Financial Services is working to bridge that gap.
Tribes step in to fill a financial gap in Eastern Oregon
Posted Apr 30, 6:40 AM
Dave Tovey (left), Nixyaawii Community Financial Services chief operating officer, chief financial officer Becky Cain, and business development counselor Raven Manta in the institution’s new offices near the Wildhorse Resort & Casino. The community development financial institution serves the Confederated Tribes of the Umatilla Indian Reservation. (Photo credit: Wil Phinney)
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By Wil Phinney, Underscore News
When Confederated Tribes of the Umatilla Indian Reservation leaders realized many members didn’t have bank accounts or lines of credit, they put in place a new plan to improve financial literacy and help members obtain loans.
The economic downturn caused by the COVID-19 outbreak has hit Indian Country particularly hard. Entrepreneurs are turning to small, local lending institutions in a region that’s often outside the reach of traditional banks.