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Banking & Finance

Employers play roll in future of affordable health care

Well-communicated benefits contribute to business growth
April 21, 2022
Zach Proett
Optimizing benefit costs begins by exploring the current forces that drive them. A basic understanding of how they interrelate prepares employers to think more critically about spend allocations for benefits
Read More
—Karinia Elias

Idaho Central Credit Union enters Washington market

Building changes hands; Banner Bank had vacated to consolidate branches
April 21, 2022
Karina Elias
Idaho Central Credit Union has opened its first branch in Washington state at the former Banner Bank building at 41 W. Riverside in downtown Spokane. ICCU purchased the building in November for $13.5 million from 41 W. Riverside LLC, which was owned
Read More

SBA urges emphasis on racial, gender equity

Underrepresented groups disproportionately hurt economically by pandemic
April 7, 2022
Mike Fong
Since the start of the pandemic, the U.S. Small Business Administration has worked to save the nation's small businesses. In Washington state alone, the agency provided more than $11 billion worth of economic aid, and 178,000 loans and grants
Read More

Now is time to start 2022 tax, wealth planning

Key highlights this year include some increases in retirement plan limits
April 7, 2022
Charissa Anderson
We tend to be most aware of our specific income, charitable contributions, family gifts, and retirement savings or withdrawals as we gather our information for last year's tax return preparation.
Read More

Companies face a more digital working world now

Spokane is experiencing arrival of hybrid future
April 7, 2022
Kurt Walsdorf
As the effects of the coronavirus continue to reshape our world, several factors are accelerating the shift to a more digital, hybrid future in Spokane.
Read More
Karina Elias

Student loan debt can complicate retirement savings for older borrowers

More parents said to take out loans for their children
April 7, 2022
Karina Elias
While student loan debt continues to rise and impact borrowers of all ages, the debt growth has been highest among older borrowers, says a report by AARP Public Policy Institute.
Read More
KARINA ELIAS

SBA-backed lending surges in the Inland Northwest

Main loan type is recovering from pandemic slowdown
April 7, 2022
Karina Elias
U.S. Small Business Administration-backed lending had a strong year in 2021 and is keeping up pace so far this year, some SBA lending officials here say.
Read More

Rising rates to widen bank's net margins

Dynamic could hamper lending demand, though
April 7, 2022
Virginia Thomas
Anticipated federal funds interest rate hikes are expected to foster an environment of growth and diversified investment among banks. One of the key ways in which banks make money is through interest rates on funds the banks loan.
Read More

Digital mortgages increase in INW

Advances lead to quicker decisions for borrowers, more accurate apps
April 7, 2022
Erica Bullock
Some lenders in Spokane County have experienced an increased volume of digitally initiated mortgage applications since the onset of the pandemic, though not all attribute the shift to COVID-era behavior changes.
Read More

Northwest Farm Credit Services allocates $56.9 million dividend for 2021

Patronage checks share earnings with members
March 24, 2022
Karina Elias
Northwest Farm Credit Services' customer-members in Washington have received nearly $56.9 million in annual patronage dividends checks, the Spokane-based agricultural lending cooperative announced. The dividends were down $5.5 million from $62.4
Read More
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