Community Development Financial Institution

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United South and Eastern Tribes, Inc.

Community Development Financial Institution

Mission Statement

USET CDFI will administer assistance and opportunities to USET member Tribal Nations as they develop economic development opportunity and community development investments that strengthen Tribal sovereignty and build healthy Tribal economies.

Board of Directors

Owen Herne, Chairman
Christopher Thompson, Vice Chairman
Susan Hammond, Secretary
Kitcki Carroll, Treasurer
Cyrus Ben
Chairwoman Stephanie Bryan
Michell Alexander Hicks
Robert Odawi Porter
Russ Seagle

What is a CDFI

Community development financial institutions (CDFIs) are private financial institutions that are 100% dedicated to delivering responsible, affordable lending to help low-income, low-wealth, and other disadvantaged people and communities join the economic mainstream.

By financing community businesses—including small businesses, microenterprises, nonprofit organizations, commercial real estate, and affordable housing—CDFIs spark job growth and retention in hard-to serve markets across the nation.

CDFIs are profitable but not profit-maximizing. They put community first, not the shareholder. For more than 30 years, they have had a proven track record of making an impact in those areas of America that need it most.

What does a CDFI do?

In addition to proving lending services, CDFI’s also provide financial education, technical and capacity-building support, known as development services

Lending Services

USET CDFI, Inc., prioritizes lending to:

  1. Tribal enterprises and projects owned by USET member Tribal Nations;
  2. Non-profit organizations or other federally recognized Native American (NA) enterprises; and,
  3. Tribal entrepreneurs where Tribal Nations require assistance to provide capital and credit to individual business owners.

USET CDFI, Inc., will do to projects that:

  • Create jobs for low-moderate income Native Americans that pay competitive living wage, and/or
  • Create jobs with opportunities for Native Americans to advance themselves, including job training and developmental opportunities, and/or
  • Help new and existing business that strengthen low income Native American communities, and/or
  • Build infrastructure to promote economic development activities that leads to the creak of a healthy community.

Resources Documents:

Lending Policy

Development Services – Coming Soon

Resources Documents:

Business Structure Handbook