Salazar Update: Money is in the bank, per capita payment date set

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 From the CRST Chairman’s Office 

Cheyenne River Sioux Tribe announces much-anticipated receipt and distribution of Salazar per capita funds.

On Friday, April 26 at 2:50 p.m. Mountain Time, the Cheyenne River Sioux Tribe received the long-awaited payment from its settlement of a trust fund mismanagement case against the federal government entitled “Cheyenne River Sioux Tribe v. Salazar.”  The total amount that was deposited via wire transfer into the Tribe’s specially-created “Salazar” bank account was $30,458,651.48.  The original amount of the settlement was $38,500,000.00.  Attorney fees paid were $7,700,000, and expenses involved in working the case to resolution were $341,348.52.  After an estimated $115,000 is set aside to cover the costs incurred in distributing the settlement, approximately $1,600 will be paid to each of the tribe’s members.  All members of the tribe who were enrolled as of April 15, 2013, and who are living on May 15, 2013, are entitled to this one-time payment, including minor children.

Per capita payments can either be picked up in person or received via US Mail.  The necessary forms and instructions for the Salazar per capita distribution are available on the CRST website:  www.sioux.org by clicking on the “Salazar Per Capita Distribution” link, or by contacting the Tribal Enrollment Office and requesting that the forms be mailed to them.

The tribe will operate an in-person distribution center on Wednesday and Thursday, May 15 and 16, 2013, at the C-EB High School Gymnasium in Eagle Butte, South Dakota, between the hours of 9:00 a.m. and 5:00 p.m. Mountain Time each day.  Anyone who intends to pick up their check in person is strongly encouraged to obtain the necessary application forms and instructions before the distribution date, and to bring the completed forms and copies of required documentation with them to the distribution center.  Copies of supporting documentation will not be returned so please do not submit originals.

After May 16, there will be a per capita distribution clerk located in the CRST Administration Building to process in-person requests.

If a parent, grandparent, or other guardian intends to claim the check of a minor child, they are urged to review the Salazar Per Capita Distribution Instructions either online or available from the Tribal Enrollment Office and provide any required documents related to the legal custody of their child.

The following banks have been notified as to the Salazar per capita distribution and are making provisions to assist tribal members in the cashing of their checks.  Listed below is specific information concerning each bank’s policy of cashing members’ Salazar per capita checks:

State Bank of Eagle Butte will operate on extended hours.  The bank proposes a minimal fee (not yet determined) to cash a check to tribal members without an account at the bank.  Account holders will not be charged a fee to cash a check.

Western Dakota Bank (Isabel) hours of operation have not yet been determined.  The bank will charge tribal members 2% of the check amount if they do not have an account at the bank.  Account holders will not be charged a fee to cash a check.

Black Hills Federal Credit Union (located in basement of CRST Housing Authority) hours of operation have not yet been determined.  The bank will charge tribal members $10.00 to cash the check.  Account holders will be charged $3.00 to cash the check.

First Financial Bank (Dupree) hours of operation have not yet been determined.  The bank will cash checks only for account holders.  Non-account holders will not be allowed to cash their checks.

Farmers State Bank (Faith) hours of operation have not yet been determined.  The bank will cash checks only for account holders.  Non-account holders will not be allowed to cash their checks.

Dakota Plains Federal Credit Union (Faith) hours of operation have not yet been determined.  The credit union will cash checks only for account holders.  However, a seven to ten day hold will be placed on that check until it clears the bank.  Non-account holders will not be allowed to cash their checks.

Dakota Prairie Bank (Fort Pierre) hours of operation will be normal.  The bank will cash checks for both account and non-account holders.  Account holders will not be charged, but non-account holders will pay a $10 check cashing fee.  In addition, one form of identification and a social security card will be required to cash a check.

American State Bank (Pierre) operating hours will be normal.  The bank will cash checks for both account and non-account holders.  Existing account holders will not be charged, but non-account holders will be assessed a check cashing fee of $10 per check.  In addition, it is extremely important that the person cashing the check present a valid form of government-issued ID in order to cash any checks.

If there are any questions concerning the Salazar per capita payment, please call the Tribal Chairman’s office at (605) 964-4155.