Native American-owned banks and credit unions provide services that help support Native and Indigenous people in the United States (encompassing Native Hawaiians and Alaska Natives) with financial products and assistance, with the mission of helping people achieve their financial goals.
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The goal of many Native American-owned financial institutions is to help provide affordable and accessible banking services. Native American-owned institutions are classified as minority depository institutions, which means they are mission-driven to help unbanked and underbanked people in minority groups bolster their financial situations. One way they might do this is by making loans and mortgages easier to access for the minority groups they serve, thereby investing in community development.
» Want to see other minority-owned financial institutions? See our lists of Black-owned banks
Frequently Asked Questions
What is a Native American-owned bank?
Per the definition of a minority depository institution from the Federal Deposit Insurance Corp., a Native American-owned bank is one where the majority of voting stock is owned by Native Americans, Native Hawaiians or Alaska Natives, or the majority of the bank’s board of directors and the community it serves is predominantly from those groups. Banks, whether minority-owned or not, are usually for-profit institutions, unlike credit unions.
What is a Native American-owned credit union?
Like a Native American-owned bank, a Native American-owned credit union has Native Americans as a majority of its current members, board members and/or the community it serves. Credit unions are typically not-for-profit. To open an account at a credit union, you might need to meet membership requirements, such as living in a particular area or working for a particular employer.
What are minority depository institutions (MDIs)?
Minority depository institutions, or MDIs, are federally insured depository institutions like banks and credit unions where minorities hold at least 51% of the voting stock, or where the majority of the board of directors is made up of minorities and where the institution's target community is primarily made up of minorities.
What are community development financial institutions (CDFIs)?
Community development financial institutions, or CDFIs, are financial institutions — typically banks and credit unions — that are mission-driven to support communities that have traditionally been shut out of mainstream banking services.
Can allies join a Native American-owned bank?
Yes, minority depository institutions are available to all races and ethnicities. Credit unions sometimes have membership requirements such as geographic location or working for a particular employer, so you’ll want to check whether you qualify before trying to join. Banking with an MDI can be a valuable way to show your support to the community it serves.
List of Native American-owned banks and credit unions
Here are the Native American-owned banks and credit unions operating within the U.S.
| Financial Institution | Headquarters |
|---|---|
| Murrieta, CA. | |
| Denver, CO. | |
| Kamuela, HI. | |
| Lihue, HI. | |
| Marshalltown, IA. | |
| Hinckley, MN. | |
| Choctaw, MS. | |
| Seneca, MO. | |
| Polson, MT. | |
| Lame Deer, MT. | |
| Kirtland, NM. | |
| Pembroke, NC. | |
| Belcourt, ND. | |
| Irving, NY. | |
| Calumet, OK. | |
| Stilwell, OK. | |
| Oklahoma City, OK. | |
| Edmond, OK. | |
| Antlers, OK. | |
| Jenks, OK. | |
| Hulbert, OK. | |
| Pauls Valley, OK. | |
| Wewoka, OK. | |
| Shawnee, OK. | |
| Kyle, SD. | |
| Agency Village, SD. | |
| Abernathy, TX. | |
| Green Bay, WI. | |
| Hayward, WI. |
Don’t see your Native American-owned bank or credit union here? Let us know.
Note: This list is not necessarily exhaustive due, in part, to the different processes for banks and credit unions to be recognized as Native American-owned. The Federal Deposit Insurance Corp. tracks eligible banks. All Native American-owned banks are represented as of the most recent list, published in the last quarter of 2023. For credit unions, see the NCUA website for a list of Native American-owned credit unions.
