Bringing credit unions to the reservation

Shayna Ferguson helped establish a credit union for Native American people.

Before Lakota Federal Credit Union opened its doors in November 2012, a credit union was a foreign concept to the Native American people living on South Dakota’s sprawling Pine Ridge Indian Reservation.

Shayna Ferguson has played a pivotal role in educating the reservation’s residents about what a credit union is and how its services can benefit residents’ financial lives.

Ferguson was hired as a member services representative at the $5.6 million asset credit union in Kyle, S.D., in 2012, one of only two employees at the newly established credit union. Today, she manages the first and only federally guaranteed financial institution on the two-million acre reservation, home to the Oglala Lakota Sioux.


continue reading »