Numerica Credit Union, of Spokane, hurt by investment losses and a special deposit insurance assessment, reported sharply lower earnings for 2009, but its deposits jumped, and its loans, membership, and assets all grew during the net income fell
Spokane Valley-based Horizon Credit Union reported a 64 percent drop in net income for 2009, but posted gains in deposits, loans, and total assets during the year.Horizon reported 2009 net income of just over $1.3 million, down from $3.6 million
Spokane-based Global Credit Union posted a net loss of $1.1 million for 2009, compared with a loss of $3.5 million in 2008. Though it pared its losses substantially, the credit union's loans, deposits, and assets all declined.The credit union's
When a bank fails somewhere across the country, its closure is good news for one new Seattle company.Roanoke Financial Group plans to capture part of the $36 billion nationwide market for failed bank assets left behind by banks when they are and
Spokane Valley-based State Bank Northwest posted a net loss of $1.2 million for last year, down from net income of $652,000 in 2008, according to year-end financial documents it has filed with the Federal Deposit Insurance Corp.Though the bank's
With lending criteria and mortgage-insurance premium rules tighter now for conventional loans, home buyers increasingly are turning to federally-backed mortgages, for which rules are less strict, lenders here say.Meanwhile, declining property a
Constrained liquidity, sluggish housing still said to have significant impact
February 25, 2010
More than 80 percent of lenders who responded to a recent survey believe the Dow Jones Industrial Average will yield gains this year. Survey respondents also predict that constrained liquidity in the capital markets and sluggish housing market are
A boost from federal stimulus money improved the lending climate here for small businesses last year, and a proposed near doubling of the U.S. Small Business Administration budget for this fiscal year likely will spur SBA lending further, says Ted
Sales manager buys into Liberty Lake, Valley Windermere Rick Rieger, a former sales manager for an international medical supplier, says he has bought a 50 percent interest in Windermere Real Estate Valley Inc. from broker and owner The
The discussion of public-policy matters here should get a welcome boost with the Washington Policy Center adding its well-researched opinions to the mix more frequently, following its recent opening of an Eastern Washington office here.The says