Tribal Resources Investment Corporation, Prince Rupert, BC

TRICORP SignCombining a first-hand understanding of the economic development needs of area First Nations communities and the business acumen of a seasoned staff, TRICORP is an innovative leader financing economic development initiatives among First Nations members on the North Coast. Headquartered in Prince Rupert, British Columbia, the federally incorporated lending institution is owned by five First Nations economic development corporations: the Kitkatla-Metlakatla Economic Development Corporation, Nisga’a Lisims Government, Haida Gwaii Economic Development Corporation, and the Gitks’an Wet’suwet’en Development Corporation. It is governed by a board of five directors appointed by its owners. Since 1996, TRICORP has been a self-sustaining corporation, replenishing its loan fund with principal repaid by borrowers, and financing its administrative services through the interest re-paid on loans. TRICORP is an experienced North Coast commercial lender. It concentrates on developmental lending and services a niche market, specializing in lending to clients who live on First Nations communities. TRICORP’s loan portfolio includes individuals, partnerships, companies and joint ventures which are 51% owned/controlled by First Nations. TRICORP’s loans portfolio reflects the Northwest economy. As the economy has changed and shifted, our loan portfolio reflects the various changes in the industry sectors. Tricorp's loan portfolio is no longer predominately invested in the fishing and forestry sectors. In most recent years, we have see a dramatic increase in the tourism, hospitality and trades industries. Under its corporate umbrella, TRICORP also manages funds for the First Citizens’ Fund on behalf of the Province of British Columbia’s Ministry of Aboriginal Affairs, and delivers Aboriginal Business Canada’s program of business contributions.