The History of Colville Tribal Credit
Colville Tribal Credit was established in 1959. The Tribe allocated start up funds from its trust income. The original program provided only loans to tribal members and was administered by the Bureau of Indian Affairs.
In 1979, the credit program was transferred to the Tribe and became a tribally operated program under the jurisdiction of the Colville Business Council’s finance committee.
In April 1986, management oversight was transferred to Colville Tribal Enterprises Corporation, the business arm of the Tribe.
We are a financial enterprise of the Colville Tribe; it is not a bank or a credit union. This structure allows our business to operate without being regulated by the U.S. Comptroller of Currency or other outside regulators.
Our operating policies are totally governed by tribal resolutions enacted by our Business Council, the governing body of our tribal government. This structure offers advantages to our operation, mainly the opportunity to determine our own regulations without intervention from outside governments.
Organizationally, Colville Tribal Credit has dual reporting requirements to the C.E.O. of C.T.E.C. and to Business Council, as they are the body that approves policy.
Colville Tribal Credit is a tribally owned, self-sustaining, sovereign financial enterprise whose purpose is to provide loans to tribal members and tribal member-owned businesses.
Through our loan program we strive to enhance the quality of life of tribal members by supplying loan funds for personal use, housing purchase and improvement, land purchase and business opportunities.
Check cashing and money order services are offered to promote access at the local level.
We offer employment opportunities to tribal members and encourage career advancement through education and training.
We strive to communicate effectively with tribal members and co-workers and conduct our business with integrity while providing the highest quality of customer service.
While meeting our objectives to provide interest rates at below market levels, we will continue to operate our business at the highest level of profitability in a portfolio of higher than normal risk loans.
Overall, Colville Tribal Credit will provide long-term economic stability and growth in our communities by providing financial services to qualified tribal members, resulting in a higher quality of life while preserving the cultures, traditions and natural resources of the Colville Confederated Tribes.