Shoshone-Bannock Tribes

The Shoshone-Bannock Tribes Revolving Credit Program was established in 1937 and has provided service to tribal members for the past 75 years. Services provided include: short-term consumer loans, rehabilitation loans, and other services such as Bureau of Indian Affairs Loan Guaranty and Interest Subsidy programs, credit counseling, referrals to no... n-Bureau lenders, and assistance in developing business and economic ventures when requested by the tribes or individuals. The goals of the program are: to provide the best possible service pursuant to the tribes' Declaration of Policies and Plan of Operation-Credit Program; to ensure the availability of funds to meet the financial needs of the enrolled tribal membership; to seek ways to improve the program services available; and to maintain quality working relationships with other financial and federal institutions providing financing to enrolled members, as well as non-enrolled Indians residing on or who have ownership to lands located on the Fort Hall Reservation. The credit board consists of three tribal members appointed by the Fort Hall Business Council to establish and set loan policies, take action on loan requests, to follow up on loans to ensure that funds are properly used, to follow up on delinquent accounts, and to take appropriate action to resolve problem accounts. Appointments are for three years with staggered terms. The board meets every Tuesday at 10 a.m., applications need to be turned in by noon the previous Thursday. The objectives of the program are: to provide short-term consumer financing; to assist individuals in securing financing and services available through other federal and financial institutions, to provide counseling to solve debt and/or credit problems whenever requested; utilize natural resources owned or available; maintain lands in tribal ownership through land consolidations by purchase; provide financing for business ventures and improve the quality of housing. The tribal credit staff is composed of individuals who research ...Read More