Spokane Journal of Business

Local News > Finance

Northwest Farm Credit’s earnings drop

Northwest Farm Credit Services has reported 2016 earnings of $247.2 million, a decrease of $8.4 million, or 3 percent, compared with $255.6 million in 2015. The Spokane-based agricultural lending cooperative says higher earnings in 2015 were a result of...

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SBA-backed lending starting strong in the Inland Northwest this year

U.S. Small Business Administration-backed lending has started strong in 2017, and demand for the guaranteed loans looks to remain steady, some top SBA lenders here say. Ted Schinzel, SBA’s Spokane branch manager, says, however, that although 2017 has s...

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Spokane-area credit unions looks to expand commercial lending

Following several years of increased demand for commercial lending services here, several credit unions say they’re looking to put greater emphasis on building up that portion of their loan portfolios. Lynn Heider, vice president of public relations a...

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Home equity loan demand expected to rise here

Spokane-area lenders say they’ve recently been approving more applications for home equity lines of credit, commonly referred to as HELOC loans, reminiscent of around the time of the Great Recession. “We’re seeing home equity lines of credit reach...

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Advice from financial advisers on living on a post-work budget

Spokane-based financial adviser Paul Viren says one of the strategies he employs with clients approaching retirement is to have them do a “mock retirement” starting six months to a year before their planned retirement date. “Living every month unti...

Gesa Credit Union opens in mortgage center in core

Richland-based Gesa Credit Union has opened a home-loan center and is planning a commercial lending office in the former Bank of Whitman building downtown, says Randy Wacker, Gesa’s vice president of mortgage lending. The credit union has leased 6,600 ...

Stay Alfred raises $15 million in capital

Stay Alfred, the nationwide urban vacation rental company based here, says it has secured $15 million in Series A funding from a Seattle-based investor and expects to use the money to expand its presence globally and to increase its rental unit inventory ...

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Opinions differ on Conflict of Interest Rule

In its desire to protect retirement savers better, the U.S. Department of Labor last year ruled all financial professionals working with retirement plans, or providing retirement planning advice, would be recognized as fiduciaries by the federal agency. ...

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Keeping Spokane-area homebuyers in the game

In its desire to protect retirement savers better, the U.S. Department of Labor last year ruled all financial professionals working with retirement plans, or providing retirement planning advice, would be recognized as fiduciaries by the federal agency. ...

INB parent posts rise in net income for fourth quarter, year

Northwest Bancorporation Inc., the Spokane-based parent of Inland Northwest Bank, has reported fourth-quarter net income of $1.4 million, or 21 cents a diluted share, up from income of $726,000, or 11 cents a share, in the year-earlier quarter. For all ...

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