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Indian Land Capital Company (ILCC) Joins California Nations Indian Gaming Association ILCC President to Speak at WIGC

February 4, 2014

The California Nations Indian Gaming Association (CNIGA) is pleased to announce that the Indian Land Capital Company (ILCC) joined the association during its recent annual meeting held in San Diego. ILCC is a Native American owned and managed Native Community Development Financial Institution (NCDFI) based in Montana. ILCC provides flexible financing to strengthen Native communities and cultures through tribal land acquisition. As a certified CDFI, ILCC serves market niches underserved by traditional financial institutions, promotes community development, and provides technical support in conjunction with its financial activities. ILCC lends on the “full faith and credit” of each individual sovereign Indian nation without requiring land to be used as collateral. Lending decisions are based on the full picture of a tribe’s financial condition, borrowing track record, and ability to make loan payments, eliminating the need for much of the costly and time-consuming measures required by traditional lenders to secure land and other assets as collateral for tribal loans. ILCC also welcomes tribes with resources as 'social investors' in ILCC’s loan funds, thus helping other tribes in the state. "We see CNIGA as a vital partner in reaching both borrower and lender tribes and creating a model for the rest of the nation for how tribes can work together to strengthen tribal sovereignty,” said Gerald Sherman, (Oglala Lakota) ILCC’s President and CEO. "The movement to reclaim tribal lands is critical to the long-term success and sustainability of California tribes,” said Steve Stallings, a tribal council member of the Rincon Band of Luiseno Indians who has served as Director of the Native American Banking Services group for Wells Fargo as well as CNIGA’s Vice Chair. “That is why I was delighted to nominate ILCC to join CNIGA as a member and partner.” Sherman will be moderating a panel discussion entitled “Land: Sovereignty and Economic Development” at CNIGA’s annual Western Indian Gaming Conference (WIGC) at the Morongo Casino on February 13th, 2014. The California Nations Indian Gaming Association is a non-profit association comprised of federally recognized tribal governments dedicated to the protection of tribal sovereignty and the right of tribes to have gaming on Indian lands.

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