News & Press: Minnesota Credit Union Network News

Northern Eagle Federal Credit Union celebrates first anniversary

Thursday, January 22, 2015  
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NETT LAKE & TOWER, Minn. This January, Northern Eagle Federal Credit Union is celebrating its first year of operation in the Bois Forte community. Since opening offices in the new Bois Forte Tribal Government Building and Fortune Bay Resort Casino in 2014, Northern Eagle has gained over 350 members and has made $250,000 in consumer and vehicle loans combined.

Through its Credit Builder Program and its Financial Education counseling and workshops, Northern Eagle has served 120 persons with one-on-one budget, debt counseling, and credit building services. The credit union continues to grow its membership and expand its ability to promote the wise use of savings and credit and provide members with financial services, including savings accounts and loans, along with financial education and counseling.

Northern Eagle also hopes to roll out checking accounts and online banking to its entire membership this year. The credit union is currently piloting those services with its staff and Board of Directors.

“Northern Eagle is committed to its mission of helping members of the Bois Forte community achieve their goals of financial independence and security, and we are working towards that goal one member at a time,” said Northern Eagle CEO Nikki Pieratos. “We are excited about the developments coming in our second year and having more time to visit our members at events around the community. Our members regularly tell us that we have helped them build their credit score, which allows them access to affordable credit—especially for purchasing vehicles and homes—and that we have provided them hope for the future.”

Northern Eagle credit union membership is open to all Bois Forte Band members and non-tribal members who are part of the immediate household of a Band member. The credit union is also open to all employees of the tribal government, Fortune Bay Resort Casino, C-Store, Y-Store, radio station, and Nett Lake School and all those within employees’ households.

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The Minnesota Credit Union Network is the statewide trade association that works to ensure the success, growth and vitality of Minnesota credit unions. With nearly $20 billion in assets, Minnesota credit unions are local, trusted financial cooperatives that serve more than 1.6 million members at 400+ branch locations around the state. As not-for-profit institutions, credit unions give back to the communities they serve. For more information, visit www.mncun.org.

 


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