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Confederated Salish and Kootenai per cap goes out this week

Members of the Confederated Salish and Kootenai Tribes of Montana will receive a $10,000 per capita payment on Wednesday.

Checks will be going out to about 7,800 members. So the tribe's bank, Eagle Bank, is preparing for a big week.

“When people cash a check in excess of $10,000, we have to file certain transaction reports, bank president Martin Olsson told The Kalispell Daily Inter Lake. “There are only so many hours in a day, and there is a regulatory burden.”

Some local businesses are also gearing up for the windfall. One auto dealership is offering a discount to members, the paper reported.

The payments represent about half of the $150 million that the tribe received in a trust fund settlement with the Obama administration.

Get the Story:
Preparing for a windfall (The Kalispell Daily Inter Lake 9/10)
$75M to be distributed to Confederated Salish and Kootenai tribal members Wednesday (The Missoulian 9/10)
CSKT money to be sent out next week (The Lake County Leader 9/8)

Related Stories:
IRS affirms per capita payouts from trust settlements not taxable (09/06)
Confederated Salish and Kootenai Tribes to share $10K per cap (08/30)
Salish and Kootenai group eyes bigger share of trust settlement (8/1)
Salish and Kootenai Tribes to share half of $150M trust payout (7/31)
Confederated Salish and Kootenai Tribes wait on trust settlement (6/25)

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