Banking & Finance

Global Credit Union closed its two Tri-City branches, located within Yoke’s Fresh Market stores in Pasco and Kennewick, on Jan. 31.

Global Credit Union closes grocery-based branches in Pasco, Kennewick

Yoke’s Fresh Market seeks to fill vacancy with another bank, credit union Global Credit Union has closed its two Tri-City grocery store branches. Officials shuttered locations inside the Pasco and Kennewick Yoke’s Fresh Market stores on Jan. 31. Global Credit Union’s 1,600 Tri-City members may keep their accounts open and rely on mobile banking, online bill…

State’s banking industry stable, improving in three key areas

By Roberta Hollinshead Trends in the Washington state banking industry are generally positive coming into 2018. The 44 state-chartered and three nationally-chartered banks headquartered in Washington are stable and the financial condition of these institutions has continued to improve. To best summarize the condition of the state’s banking industry, I will focus on three C’s:…

More than a dozen people attended a four-week class last fall at Fuse SPC to turn their ideas into businesses. Fuse also hosts events where entrepreneurs can pitch ideas to potential investors. (Courtesy Fuse SPC)

Fuse offers collaborative space for angel investors, entrepreneurs to meet

It’s hard to start a business on optimism alone. Brett Spooner, an attorney with Gravis Law PLLC in Richland, said what makes it even more difficult is that entrepreneurs are limited when it comes to soliciting the capital they need to get their businesses off the ground. “The goal of the Security and Exchange Commission…

Consider alternative to adding children to your bank account

  By Beau Ruff You’ve likely heard the conventional wisdom many times. Your friends or family, or even at times the bank teller, will counsel you that you should add your child to your bank account. Perhaps it’s a checking account or a savings account, or both. The advice goes something like this: “If you…

Trusted bankers can be key resource for farmers in times of change

by Ben Cox Being a farmer means being ready for anything. Whether managing through unreliable weather, planning against volatile crop prices or adapting to changing consumer preferences, the life of a farmer is anything but predictable. Today, the agricultural industry must also contend with new technologies that change how farmers operate, as well as increasing…

Washington leads way to standardize licensing practices for ‘fintech’ companies

Washington and six other states have launched a new national approach to licensing money service businesses. These businesses, known as “fintech” companies, include money transmitters, payment service providers and currency exchangers. Fintech refers to new technology used to support or enable banking and financial services. Generally, money service businesses have to apply for a license…

Numerica’s Jimmy Rutkowsky helps member Galt Pettett with a banking transaction. Numerica plans to open two new branches in Kennewick this year.

Numerica to open two new Kennewick branches this year

Tri-City growth prompts new locations on Gage, Hildebrand Numerica Credit Union is opening two new branches in Kennewick this year. The company experienced tremendous growth in 2016, with loans growing by more than $224 million and deposit accounts by more than $175 million. The Spokane-based Numerica, which also serves northern Idaho and the Wenatchee Valley,…

Bank of the West financed a portion of Columbia Community Church’s $3.2 million construction project at the corner of Gage Boulevard and Bellerive Drive in Richland to add 7,000 square feet of space. The bank has a lending division specializing in religious institutions.

Few lenders bank on churches to finance loans

By Michelle Dupler When the leaders of Columbia Community Church in Richland started planning an expansion, they knew they’d likely have to finance a portion of the $3.2 million construction project. What they didn’t anticipate were the challenges they’d face in obtaining a construction loan at terms within their comfort zone. “At the time, we…

Solarity Credit Union recently opened at 2590 Queensgate Drive in Richland. The Yakima-based credit union, located inside the former AmericanWest Bank building, wants to be a digitally-focused credit union.

Solarity Credit Union opens Richland branch as it expands digital presence

By Laura Kostad A digitally-focused credit union has opened its first Tri-Cities office to reach personal and commercial customers in the busy Queensgate Drive area in Richland. [blockquote quote=”Our objective is to become a digital credit union.” source=”Gene DeLuca, vice president of new market development, Solarity Credit Union” align=”right” max_width=”300px”] Solarity Credit Union is offering…

Income, assets can affect student financial aid planning

By Megan Nichols Parents often wonder how their income and assets will impact their child’s eligibility to receive financial aid. Nearly every student is eligible for some form of financial aid, even if it isn’t needs-based. Colleges use the Free Application for Federal Student Aid, or FAFSA, as well as federal tax returns, when determining…

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