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Banking & Finance

Boomers: Younger generations are watching

Generosity to community may influence followers
May 20, 2021
Aaron McMurray
Most people who know me would say that I'm a generalist. I'm good at a few things, but not great at any one thing, with one notable exception – music trivia from the 1980s. Friends and neighbors have tried to stump me, but I pretty much know the
Read More
Second Harvest

Many nonprofits stay afloat with PPP

Some seek loan forgiveness; others receive it
May 20, 2021
Kevin Blocker
Applying for a nearly $2 million federally backed Paycheck Protection Program loan to help cover payroll presented an unprecedented shift in The way Arc of Spokane operates, its executive director says.
Read More
Bernardo|Wills Architects PC

Numerica to remodel Lyons, South Hill branches

Projects will complete CU's overhaul of its offices
April 22, 2021
Virginia Thomas
Numerica Credit Union plans to renovate two of its Spokane branches this year. Chelsea Maguire, content and communications manager at Spokane Valley-based Numerica, says the credit union's branches at 303 E. Lyons, on the North Side
Read More

Use stimulus money for spring fun, but spend it here

Pandemic check would do wonders if invested in our local community
April 8, 2021
Sarah Carlson
Spring is here in the Inland Northwest, and after a year of this pandemic, change is our new normal. Most of us haven't had a chance to respond to all the changes, and instead have only been reacting.
Read More

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

Advisers: It's OK to hold on to stimulus money

Pay off debt, build up emergency savings, financial planners say
April 8, 2021
Kevin Blocker
Spokane-area financial advisers have some ideas on what those who received the third round of federal stimulus checks should do with them. Those ideas have less to do with ways to spend the payments of up to $1,400 a person authorized under the
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

Guardian Mortgage to add second Spokane office

Home loan provider expects to double staff, add 18 new positions
March 25, 2021
Virginia Thomas
Guardian Mortgage plans to open an office in the Wonder Building, its second Spokane location here in three years, says the company's Spokane-based regional manager Jay Affleck. The company has leased about 3,000 square feet of office space on the
Read More

Banner Bank to lay off handful of employees in Spokane

Company plans to reduce workforce by up to 28 in all
March 11, 2021
Virginia Thomas
Banner Bank is laying off employees here for the first time since it entered the Spokane market. Kelly McPhee, Spokane-based vice president of communications and public relations for the Walla Walla-based bank, says six people here have received
Read More
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