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Special Report

Spokane native leads BECU's growth here

Credit union approaches 40K members in market
April 8, 2021
Craig Howard
Growing up on a Valley farm, Steve Hauschild tackled arduous jobs like clearing rocks from crop fields. Years later, he would clear the way for one of the nation's largest credit unions to sprout in a new market.
Read More
VIRGINIA THOMAS

Sustained mortgage activity swamps credit unions

Rates predicted to rise this year, cooling demand
April 8, 2021
Virginia Thomas
As the real estate market in the Spokane area remains scorching hot, so does the mortgage lending market, credit union representatives here say. However, they're also in agreement that the current low-rate environment can't last, and some are working
Read More
STATE BANK NW

Inland Northwest bankers navigate low interest rates, slim margins

Financial institutions eye other revenue sources
April 8, 2021
Kevin Blocker
Zero-percent benchmark interest rates have sparked unprecedented loan demand for Spokane-area banks and credit unions. They also have pinched profit margins and shifted focus to noninterest revenue streams, in some cases.
Read More

Landlord-tenant issues held at bay for now in Spokane

In residential market, mandates provide reprieve; mass evictions unlikely, some say
March 25, 2021
Natasha Nellis
Lawmakers have enacted extensive tenant protections since the start of the pandemic that lawyers here say will likely blunt a flood of evictions once the eviction moratorium, which was extended this month, ends.
Read More
ANN HORTON

Buying time in the commercial real estate market

Tenants might struggle when pandemic-era relief dissipates
March 25, 2021
Virginia Thomas
As pandemic-related restrictions throughout Washington begin to lift, some attorneys here say commercial real estate attorneys could soon face a rise in disputes, including litigation related to force majeure clauses.
Read More

Downturn squeezes women financially

Child care, disrupted income are having disproportionate toll
March 11, 2021
Sarah Carlson
In Spokane, our community has been hit hard by the pandemic's impacts due to our business demographics and population. According to the Washington state Employment Security Department, our economic engine in the Inland Northwest is a community of
Read More
Innovia Foundation

Pandemic spurs unprecedented giving at Innovia

2020 saw a record $10M in grant awards, well above amount in previous year
March 11, 2021
Kevin Blocker
When Innovia Foundation CEO Shelly O'Quinn moved all office operations from an antiquated database server to a cloud-based system, she had no idea how big of a deal the decision ultimately would be.
Read More

INW nonprofits ramp up planned giving outreach

Nonprofits, advisers report increases in end-of-life donations
March 11, 2021
Natasha Nellis
Planned giving is expected to increase in the coming years, and Spokane-area nonprofits are ramping up efforts to draw in long-term donors. The U.S. is barreling toward the largest wealth transfer in history, with baby boomers expected to transfer
Read More

The Great Wealth Transfer to slam financial advisers

Some say industry could struggle with influx of work in coming years
March 11, 2021
Virginia Thomas
There might not be enough advisers to handle the 'great wealth transfer” anticipated to occur as baby boomers pass away and leave assets to their heirs, some in the Spokane-area financial planning industry say.
Read More

Emergency bypass surgery comes far in 50 years

Pioneering procedure became standard of care in emergencies
February 25, 2021
Robert Hustrulid
A procedure pioneered in Spokane by medical teams led by cardiologist Dr. Francis Everhart and cardiac surgeon Dr. Ralph Berg in 1971 changed the standard of care for people having a heart attack and has led to further advances in emergency
Read More
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