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Banking & Finance

Designing the future requires cash-flow planning

Nonsavers may be stuck in perpetual debt crisis
February 13, 2020
Guest Commentary
Imagine building a house without blueprints or having any construction experience. The outcome is going to be unfortunate, if not downright dangerous. The same is true about financial planning. Unless we don't care what happens, we all ought to have a
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Angel alliance launches fourth fund

Spokane-area investment group raises $2.75 million
February 13, 2020
Virginia Thomas
A group of investors has pooled their resources to help launch regional startups through Kick-Start IV, the fourth such angel investment fund composed of Spokane investors.
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Study: Women face higher retirement hurdles

Research finds those in two-income houses at highest risk of falling short
February 13, 2020
Natasha Nellis
A lack of preparedness early in life is placing women - particularly married women - at a higher risk of falling short in retirement, says a new study by the Boston College Center for Retirement Research.
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—Virginia Thomas

SECURE Act takes down the stretch

Provision removal makes it harder to sock away generational wealth
February 13, 2020
Virginia Thomas
The new federal SECURE Act makes it harder to sock away generational wealth on a tax-deferred basis, which creates the need to plan more carefully when giving or receiving an inheritance.
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Credit unions seeks deeper member connections

'Open Your Eyes' drive aims to raise awareness of available services
January 30, 2020
Guest Commentary
An informational effort reaching Pacific Northwest states this month looks to deepen the relationship between credit unions and the communities they serve.
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SECURE Act to affect most who save for retirement (finance)

Legislation increases need for tax planning
January 30, 2020
Ben Klündt
Sometimes, pieces of legislation pass that many recognize by name but know nothing about. They then go about their day assuming it doesn't affect them. The SECURE Act isn't one you want to turn a blind eye to, as it likely could affect you.
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Virginia Thomas

Global Credit Union evolves, expands new digital offerings

Credit union to introduce text-message banking feature later this year
January 30, 2020
Virginia Thomas
In an increasingly digital world, financial institutions continue to seek new technology that could help them to offer services and communicate with members. For Spokane-based Global Credit Union, that means making sure members can receive information
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Bankruptcy filings decrease for ninth straight year

Eastern Washington activity runs counter to U.S., N. Idaho trend
January 30, 2020
Natasha Nellis
The number of bankruptcy filings in Eastern Washington decreased for the ninth straight year in 2019, U.S. Bankruptcy Court figures show. At the same time, however, Northern Idaho saw a slight uptick in filings for the second year in a row.
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Expansion on the Horizon: Spokane, Boise credit unions to combine

Combined assets to approach $1.5B after Horizon-Icon merger is completed
January 30, 2020
Kevin Blocker
With a continued desire to meet the changing appetites of the marketplace, officials at Spokane Valley-based Horizon Credit Union and Boise-based Icon Credit Union say 2020 is a good time to merge fully.
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New year might not be as good for finance sector

Interest rates, trade issues described as contributing factors
December 19, 2019
Virginia Thomas
Financial experts here say that growth began to flatten in 2019, and they expect further slowing -- though not necessarily a recession -- in 2020. Tim Vorpahl, president and founder of Spokane-based Vorpahl Wing Securities Inc., says 2019 was a
Read More
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