Indian Country Today, reports Aug. 15, at page 14, "A document historic in the realm of Native American and First Nations finance was signed in Winnipeg, Canada on July 17. The Aboriginal financial institution Tribal Wi-Chi-Way-Win Capital Corporation (TWCC), is leading a group of Native American and First Nations-owned capital corporations to start a new Aboriginal-owned chartered bank in Canada. Through the signed Memorandum of Understanding (MOU), indigenous groups from New Zealand, Canada and the United States are now working together on economic development, finance, and trade.
The MOU was signed by Tribal Wi Chi Way Win Capital Corp, NativeOne Financial Holding Company, Willapa Bay Enterprises Corporation (WBE), and Pukeroa Oruawhata Trust. The proposed chartered bank, which would operate on a stand-alone basis, is designed to better serve the growing financial needs of Canada’s Indigenous economy. . . ."