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CDFI Profile
South Dakota Stories
A Rural Potato-Chip Maker Brings New Jobs (OFN Story)
- Clark,
- South Dakota
- Rural Electric Economic Development
Dakota Style is an unlikely name for a snack maker, yet the small company has gained a respectable following across a broad swath of the Midwest.
CDCU Impact Profile: Lakota Federal Credit Union
- Kyle,
- South Dakota
- Lakota Federal Credit Union
With the mission of “empowering dreams, enriching community,” Lakota Federal Credit Union is the first federally insured financial institution on the 2.2-million-acre Pine Ridge Reservation. Lakota FCU strives to support the Lakota people and the communities they live in to achieve financial security and well-being.
Community Health Center of the Black Hills Builds New Clinic
- Rapid City,
- South Dakota
- Midwest Minnesota CDC
A medically underserved area in Rapid City, S.D., is home to an expanded, modernized health center with the help of $6.05 million in New Markets Tax Credit financing from MMCDC.
Introducing the Mountain/Plains Regional Native CDFI Coalition
- Montana, North Dakota, South Dakota, Wyoming
- Akiptan, Black Hills Community Loan Fund, Four Bands Community Fund, Native American Development Fund, Wind River Development Fund
Spanning North Dakota, South Dakota, Montana, and Wyoming, The Mountain | Plains Regional Native CDFI Coalition is comprised of a group of Native-led community loan funds, also known as Native community development financial institutions (CDFIs), that create economic opportunities for tribal members. Organizations participating in the Coalition include Akiptan, Black Hills Community Loan Fund, Four Bands Community Fund, Montana Native Growth Fund, Wind River Development Fund, Native American Community Development Corporation, Plenty Doors Community Development Corporation, Native American Development Corporation, and People’s Partner for Community Development.
Making Homeownership Affordable in Rural South Dakota
- Aberdeen,
- South Dakota
- Homes Are Possible
Homes Are Possible borrower success story
Makoche Clothing Company
- Lake Andes,
- South Dakota
- Native360 Loan Fund
Gary Drapeau fulfilled his dream of opening a screen printing business in Lake Andes, South Dakota. The Makoche Clothing Company debuted their apparel line in the summer of 2017 with a casual collection of shirts…
Native American Natural Foods
- Kyle,
- South Dakota
- Clearinghouse CDFI
Native American Natural Foods (NANF) is a Native American owned natural foods retail company.
Preach-es Offers Belonging Through Fashion Retail with CDFI Financing (OFN Story)
- Sioux Falls,
- South Dakota
- Grow South Dakota
Grow South Dakota supplied Preach-es with a loan that created three new jobs in the community, and it has impacted countless members of the community. Jonathon holds community outreach forums and services from fashion design to mental health, which makes Preach-es a new pillar in the Sioux Falls community.
South Dakota Hardware Store Puts CDFI Loan Toward Energy Efficient Expansion (OFN Story)
- Faulkton,
- South Dakota
- Northeast South Dakota Economic Corporation
Small family-owned business in rural area able to grow and support local economy
The Rolling Rez: Giving “Mobile Banking” a New Meaning
- Pine Ridge,
- South Dakota
- Oweesta Corporation
Every two weeks, on Tribal Pay Days, when the Tribe (the largest employer on the Pine Ridge Reservation) disperses paychecks, a brightly painted bus pulls up. The Rolling Rez is a bank on wheels that travels the fifty miles from Kyle to Pine Ridge, South Dakota, and services Tribal employees with their banking needs. People have access to cash, deposit their paychecks, sign loan documents, open accounts - virtually everything a local branch does.
Turning Beads into a Business in Rapid City
- Rapid City,
- South Dakota
- Oweesta Corporation
When Black Hills Community Loan Fund opened applications for their new program “Pivoting in a Pandemic,” they received 200 applications within three days for only twenty openings.
CDFI Branches in the State
Akiptan
- Headquarters
- , Eagle Butte
Black Hills Community Loan Fund
- Headquarters
- , Rapid City
Dakota Resources
- Headquarters
- , Renner
Fort Randall Federal Credit Union
- Headquarters
- , Wagner
Four Bands Community Fund
- Headquarters
- , Eagle Butte
Grow South Dakota
- Headquarters
- , Sisseton
Homes Are Possible
- Headquarters
- , Aberdeen
Lakota Federal Credit Union
- Headquarters
- , Kyle
Mazaska Owecaso Otipi Financial
- Headquarters
- , Pine Ridge
Neighborhood Lending Services
- Deadwood Branch
- , Deadwood
Northeast South Dakota Economic Corporation
- Headquarters
- , Sisseton
Rural Electric Economic Development
- Headquarters
- , Madison
Sisseton Wahpeton Federal Credit Union
- Headquarters
- , Agency Village
Sunrise Banks
- Sioux Falls Branch
- , Sioux Falls
The Lakota Fund
- Headquarters
- , Kyle