About Us - Your Personal Installment Loans Lender

Tribe recognized as a member of the Keweenaw Bay Indian Community.

1980’s

Residing in Watersmeet, Michigan, the Tribe was previously recognized as a member of the Keweenaw Bay Indian Community. In 1988, after more than two decades of effort by the Tribe, US President Reagan signed the Lac Vieux Desert Band of Lake Superior Chippewa Indians Act 25 U.S.C. 1300(h), ("Act") granting status to the Tribe as a federally recognized Indian tribe. The Act officially recognized the Tribe as a separate sovereign nation apart from the Keweenaw Bay Indian Community, governed by its own constitution and bylaws.

Today

Presently, the Tribe's reservation exists within the beautiful landscape of Watersmeet, Michigan. Aptly named, Watersmeet is home to the boundaries where three major watersheds meet: the Mississippi River, the Wisconsin River, and Lake Michigan. The inherent traits of such a destination made Watersmeet a natural travel and trade hub. As such, it has been a historically significant location for fur traders, explorers, miners, and loggers. Today, the Tribe strives to preserve the integrity of this land for future generations to enjoy.

OUR BUSINESS

The internet provides the Tribe with the ultimate resource and opportunity to spur economic growth and business development despite its geographic location.

Big Picture Loans was formed by the Tribe to enhance the Tribe’s self-determination and further diversify the Tribe’s economy. Big Picture Loans is an economic arm and instrumentality of Tribe that is organized and licensed under Tribal law and is located on the Tribe’s reservation.

Big Picture Loans’ online consumer loan business is specifically authorized by Tribal law. Big Picture Loans maintains a valid Financial Services License issued by the Tribal Financial Services Regulatory Authority (“Authority”). You can learn about the authority here http://www.lvd-nsn.gov/Content/Boards-Commissions-and-Regulatory-Authorities.cfm. Big Picture Loans provides a pathway to economic stability for the Tribe and its members while providing a vital service to Americans of all backgrounds who might otherwise be without access to the financial assistance they need.

NEWS ABOUT BIG PICTURE LOANS AND THE LAC VIEUX DESERT BAND OF LAKE SUPERIOR CHIPPEWA INDIANS

20 YEARS OF GIVING

For more than 20 years The Lac Vieux Desert Band of Lake Superior Chippewa Indians has been contributing to their local community. Through a treaty agreed upon by the Tribe, they agreed to give 2% of the income derived from Tribal businesses to local causes. On Monday March 5, 2019 The Lac Vieux Desert Band of Lake Superior Chippewa announced the presentation of nearly $140,000 to local townships and school districts. To read more about how LVD is helping local communities grow and thrive click here.

IMPORTANT INFORMATION ABOUT PROCEDURES FOR APPLYING FOR A LOAN – To help fight the funding of terrorism and money laundering activities, and to comply with Tribal law and the spirit of federal law requiring all financial institutions to obtain, verify and record information that identifies each person who applies for a loan, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask for your driver’s license number or other identifying documents.

* Loan approval, and amounts are based on minimum income amounts, other credit criteria, and verification of the information you provide during the application process. Big Picture Loans, LLC (“Big Picture Loans®”) will run credit checks on all applicants and may review credit information from specialized credit bureaus. Big Picture Loans reviews and approves all loans on Tribal land at its office located at E23970 Pow Wow Trail, Watersmeet, MI 49969. If your application is verified and approved by 5:00 p.m. CST, you will generally receive an ACH deposit on the next Business Day. Business Day means Monday through Friday excluding all federal banking holidays. The loan documents and authorizations, including the loan agreement, depend on time-sensitive factors. Despite our best efforts, unavoidable delays in the review process can happen. If we are unable to verify your information within two Business Days after you submit your application, the loan documents and authorizations may need to be modified to accurately reflect certain payment disclosures, and you may be required to carefully review and submit new documents reflecting these changes.

** Returned payments, late payments, and non-payments may result in additional fees, charges, or collection activities pursuant to the terms of your loan agreement and as allowable under Tribal and applicable federal law.

*** Big Picture Loans is a wholly owned subsidiary of Tribal Economic Development Holdings, LLC, a wholly owned and operated economic arm and instrumentality of the Lac Vieux Desert Band of Lake Superior Chippewa Indians (“Tribe”), a federally recognized Indian tribe, created for the benefit of the Tribe and operating pursuant to Tribal law. Big Picture Loans is a duly licensed Financial Services Licensee of the Lac Vieux Desert Tribal Financial Services Regulatory Authority, an independent regulatory body of the Tribe, and operates in accordance with the Lac Vieux Desert Band of Lake Superior Chippewa Indians Tribal Consumer Financial Services Regulatory Code, which can be found here: Tribal Consumer Financial Services Regulatory Code.pdf.

If Big Picture Loans approves your loan it will be governed by Tribal law, applicable federal law and your loan agreement. The laws of your resident state may have interest rate limits and other protective laws that are more favorable. If you wish to have your resident state law apply, you should consider taking a loan from a licensed lender in your state. Availability of installment loans are subject to change from time to time as determined by Big Picture Loans.

You can contact us at Support@BigPictureLoans.com or at PO Box 704, Watersmeet, MI 49969-0704. To access a copy of Big Picture Loans Privacy Notice, please click here: Privacy Notice. Any unauthorized reproduction, distribution, or disclosure is prohibited without Big Picture Loans’ express written consent.

Consumer Notice:
Our loans should be used for short-term financial needs only, not as a long-term financial solution. Individuals with credit difficulties should seek credit counseling. For more information, please see our Financial Wellness Page.