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Banking & Finance

Spiceology Secures $500K in capital

CEO says company ahead of Q1 target
February 27, 2020
Kevin Blocker
Spiceology Inc., the Spokane-based spices and rub company, has raised $500,000 in venture funding and hopes to secure more in the near future, confirms company's CEO Chip Overstreet.
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Inland Northwest Composite shows fourth quarter increase

Hecla Mining posts strongest Q4 gains
February 13, 2020
Natasha Nellis
The composite value of the region's seven publicly traded companies rose 7.7% to $12.5 billion in the fourth quarter of 2019, marking the fourth straight quarter in which the composite has risen, according to an analysis by Spokane-based financial
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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.
Read More

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.
Read More
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
Read More

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.
Read More
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