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Banking & Finance

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Inflation significance varies with individuals

Trend probably more self-correcting than spiraling
June 21, 2018
Steve Scranton
The topic of inflation has begun to receive more attention from the media, economists, policy makers, and the Federal Reserve. The reason for this heightened interest is that the official measure of inflation is approaching the Federal Reserve's target
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—LeAnn Bjerken

Alexa, show me the money

Virtual-assisted banking service launched at Numerica; BECU to roll out similar feature soon
June 21, 2018
LeAnn Bjerken
Amazon's Alexa, a popular virtual assistant that you may already have sitting on a nearby desk or shelf, is soon to be the newest employee, figuratively speaking, at Spokane-area financial institutions. At least two area credit unions-Numerica Cred
Read More
—Virginia Thomas

HELOCs grow in popularity in the Spokane area

Increases in home values arouse more demand for credit in the INW
June 21, 2018
Virginia Thomas
Some lending and real estate experts here say that Spokane-area homeowners are pursuing home equity lines of credit, or HELOCs, at rates that mirror the flourishing housing market. 'I think definitely over the past 12 months, the HELOC product has beco
Read More

BECU plans to open its first home loan center in Spokane Valley

Facility near Mission, Pines will be organization's fourth Spokane-area office
June 21, 2018
LeAnn Bjerken
Boeing Employee Credit Union plans to open a home loan center in a single-story building it's remodeling at 12111 E. Mission, says Bethany Hawley, spokesman for the Tukwilla, Wash-based credit union. Hawley says BECU plans an August opening for the hom
Read More

STCU plans new home loan center in Spokane Valley

Remodeling is underway; office to open by year-end
June 7, 2018
Samantha Peone
Spokane Teachers Credit Union plans to open a home loan center in a single-story building it's remodeling at 9207 E. Mission, in Spokane Valley, says Dan Hansen, spokesman for the Liberty Lake-based credit union. Although plans are preliminary, STCU ho
Read More
—SRM Development LLC

SRM Development secures $20 million in private capital

Spokane developer planning senior projects in California
June 7, 2018
Virginia Thomas
SRM Development LLC, a Spokane-based development company, has secured $20 million in capital through a private placement with investors. The developer, which focuses on senior housing, multifamily housing, and commercial buildings, will use SRM Senior Ho
Read More

Northwest Farm Credit posts increase in earnings

Cooperative also reports 2 percent rise in capital
May 10, 2018
Linn Parish
Northwest Farm Credit Services, the Spokane-based agricultural lending cooperative, has reported first-quarter net income of $74.8 million, up from $65.4 million in the year-earlier quarter. The cooperative also posted a 2 percent increase in total capit
Read More

First Interstate Bank to acquire INB

Transaction valued at $160.9 million
April 26, 2018
Billings, Mont.-based First Interstate BancSystem Inc., has agreed to acquire Spokane-based Northwest Bancorporation Inc., parent company of Inland Northwest Bank, the companies announced this morning. First Interstate intends to continue operating all
Read More
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INW financial planners counsel clients to think long term

Advisers: Ignore headlines, maintain diversified strategy
April 26, 2018
Maybe you're retired, or maybe you're close to retirement, and the stock market, though fluctuating wildly in recent weeks, remains at an all-time high. Despite the appearance of volatility and uncertainty, Spokane-area financial planners say they'
Read More
—LCA Architects PA

Idaho Central Credit Union to build second facility in Cd'A

Structure slated to house full-service branch, administrative offices
April 26, 2018
Samantha Peone
Construction is underway on a new, $8.6 million Idaho Central Credit Union office to be located at 1327 W. Appleway, in Coeur d'Alene, says Michael Wolsten, ICCU's assistant vice president of North Idaho operations. The three-story building will have
Read More
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