cover image: First Nations Bank of Canada Case Study-Final

20.500.12592/rfj6wj8

First Nations Bank of Canada Case Study-Final

4 Apr 2024

The FNBC case emphasizes the alignment of political will with the capacity of Indigenous groups to realize their aspirations; the case also shows how FNBC has been able to capitalize on the growing Indigenous population and the expanding opportunities within Indigenous communities. [...] The Bank was founded by Indigenous people with the purpose of meeting the financial needs of Indigenous individuals and businesses and advocating for their financial interests and the betterment of Indigenous communities. [...] If the borrower is unable to repay the loan, the financial institution can seize the asset and recover at least some of the value of the loan. [...] The policy document proposed the abolishment of the Indian Act, the elimination of Indian status, and the privatization of reserve land. [...] The response in Saskatchewan included the creation of the Saskatchewan Indian Cultural Centre (currently the Saskatchewan Indigenous Cultural Centre) in 1972, the establishment of the Saskatchewan Indian Federated College (currently the First Nations University of Canada (FNUniv)) in 1976, the formation of the Saskatchewan Indian Community College (currently the Saskatchewan Indian Institute of Te.

Authors

Murray Fulton

Pages
12
Published in
Canada