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Numerica Credit Union
Numerica Credit Union (formerly Spokane Railway Credit Union) is a credit union founded in 1937. Numerica serves the Spokane, Washington, Spokane, Tri-Cities, Washington, Tri-Cities, and Wenatchee, Washington, Wenatchee Valley regions of Washington (state), Washington state, as well as the North Idaho Idaho Panhandle, Panhandle. It is regulated under the authority of the National Credit Union Administration (NCUA). As of June 2022, Numerica managed over $3.5 billion in assets and served more than 169,000 members. Numerica's headquarters are located in Spokane Valley, Washington, Spokane Valley, Washington. History The credit union was founded in 1937 under the name Spokane Railway Credit Union. Initially, Numerica only served Spokane railway employees, but it expanded to serve other sectors of the transportation industry, and eventually opened its doors to all residents of Washington State and the Northern Idaho Panhandle. Awards In 2021, Numerica was named the Best Place to W ...
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Credit Union
A credit union, a type of financial institution similar to a commercial bank, is a member-owned nonprofit financial cooperative. Credit unions generally provide services to members similar to retail banks, including deposit accounts, provision of credit, and other financial services. In several African countries, credit unions are commonly referred to as SACCOs (Savings and Credit Co-Operative Societies). Worldwide, credit union systems vary significantly in their total assets and average institution asset size, ranging from volunteer operations with a handful of members to institutions with hundreds of thousands of members and assets worth billions of US dollars. In 2018, the number of members in credit unions worldwide was 274 million, with nearly 40 million members having been added since 2016. Leading up to the financial crisis of 2007–2008, commercial banks engaged in approximately five times more subprime lending relative to credit unions and were two and a half ...
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Wenatchee, Washington
Wenatchee ( ) is the county seat and largest city of Chelan County, Washington, United States. The population within the city limits in 2010 was 31,925, and was estimated to have increased to 34,360 as of 2019. Located in the north-central part of the state, at the confluence of the Columbia and Wenatchee rivers near the eastern foothills of the Cascade Range, Wenatchee lies on the western side of the Columbia River, across from the city of East Wenatchee. The Columbia River forms the boundary between Chelan and Douglas County. Wenatchee is the principal city of the Wenatchee–East Wenatchee, Washington Metropolitan Statistical Area, which encompasses all of Chelan and Douglas counties (total population around 110,884). However, the "Wenatchee Valley Area" generally refers to the land between Rocky Reach and Rock Island Dam on both banks of the Columbia, which includes East Wenatchee, Rock Island, and Malaga. The city was named for the nearby Wenatchi Indian tribe. ...
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Cannabis Banking In Washington (state)
The cannabis industry in the U.S. state of Washington has been served by several banks and credit unions since Initiative 502 passed in 2012, legalizing production, distribution, retail sales and possession in the state. Banks and credit unions Three banks and Three credit unions – O Bee Credit Union in Tumwater since 2014, Numerica Credit Union in Spokane and Salal Credit Union in Seattle – handle most of the accounts. , the state took in 95% of its cannabis tax revenue through banks (vice cash) and the Washington State Department of Revenue requires electronic funds transfer for tax payment, unless the taxpayer is unable to open a bank account. Federal regulation Washington's governor and United States Senators have attempted to preserve U.S. Department of the Treasury FinCEN rules in place since 2014 allowing banks to do regulated transactions with the industry, despite conflicting laws on legality at the Federal level. Alternatives to banks Some Washington cannabis busi ...
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Fiserv
Fiserv, Inc. () is an American multinational company headquartered in Brookfield, Wisconsin that provides financial technology services to clients across the financial services sector, including: banks, thrifts, credit unions, securities broker dealers, mortgage, insurance, leasing and finance companies, and retailers. In October 2015, '' American Banker'' and BAI ranked the company third by revenue among technology providers to U.S. banks. Fiserv reported total revenue of $10.187 billion in 2019. Fiserv is also the owner of First Data, which connects 2 million ATMs through the STAR network. Fiserv currently has the naming rights for the Fiserv Forum stadium in Milwaukee, Wisconsin. History Fiserv was founded in 1984. The company quickly grew and was listed on the NASDAQ less than two years after its founding, mainly through a large number of acquisitions, the largest in the early years of the company being Citicorp Information Resources. Fiserv's website was launched in ...
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Small Business Administration
The United States Small Business Administration (SBA) is an independent agency of the United States government that provides support to entrepreneurs and small businesses. The mission of the Small Business Administration is "to maintain and strengthen the nation's economy by enabling the establishment and viability of small businesses and by assisting in the economic recovery of communities after disasters". The agency's activities have been summarized as the "3 Cs" of capital, contracts and counseling. SBA loans are made through banks, credit unions and other lenders who partner with the SBA. The SBA provides a government-backed guarantee on part of the loan. Under the Recovery Act and the Small Business Jobs Act, SBA loans were enhanced to provide up to a 90 percent guarantee in order to strengthen access to capital for small businesses after credit froze in 2008. The agency had record lending volumes in late 2010. SBA helps lead the federal government's efforts to deliver ...
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Spokane Journal Of Business
The ''Spokane Journal of Business'' is an independent business newspaper founded in February 1986 which covers news primarily in Eastern Washington State and Northern Idaho including Spokane, Washington, and Coeur d’Alene, Idaho Coeur d'Alene ( ; french: Cœur d'Alène, lit=Heart of an Awl ) is a city and the county seat of Kootenai County, Idaho, United States. It is the largest city in North Idaho and the principal city of the Coeur d'Alene Metropolitan Statistical .... The Journal is published bi-weekly, 26 times a year, and has an audited circulation of about 14,000. Linn Parish is currently the editor of the publication and Mike McLean is the deputy editor. References External links The Spokane Journal of Business website Cowles Company Mass media in Spokane, Washington Newspapers published in Washington (state) {{Washington-newspaper-stub ...
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National Credit Union Administration
The National Credit Union Administration (NCUA) is a government-backed insurer of credit unions in the United States, one of two agencies that provide deposit insurance to depositors in U.S. depository institutions, the other being the Federal Deposit Insurance Corporation, which insures commercial banks and savings institutions. The NCUA is an independent federal agency created by the United States Congress to regulate, charter, and supervise federal credit unions. With the backing of the full faith and credit of the U.S. government, the NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of more than 124 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions. Besides the Share Insurance Fund, the NCUA operates three other funds: the NCUA Operating Fund, the Central Liquidity Facility (CLF), and the Community Development Revolving Loan Fund (CDRLF). The NCUA Operating F ...
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Idaho Panhandle
The Idaho Panhandle—locally known as North Idaho—is a salient region of the U.S. state of Idaho encompassing the state's 10 northernmost counties: Benewah, Bonner, Boundary, Clearwater, Idaho, Kootenai, Latah, Lewis, Nez Perce, and Shoshone (though the southern part of the region is sometimes referred to as North Central Idaho). The Panhandle is bordered by the state of Washington to the west, Montana to the east, and the Canadian province of British Columbia to the north. The Idaho panhandle, along with Eastern Washington, makes up the region known as the Inland Northwest, headed by its largest city, Spokane, Washington. Coeur d'Alene is the largest city within the Idaho Panhandle. Spokane is around west of Coeur d'Alene, and its Spokane International Airport is the region's main air hub. Other important cities in the region include Lewiston, Moscow, Post Falls, Hayden, Sandpoint, and the smaller towns of St. Maries and Bonners Ferry. East of Coeur d' ...
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Idaho
Idaho ( ) is a state in the Pacific Northwest region of the Western United States. To the north, it shares a small portion of the Canada–United States border with the province of British Columbia. It borders the states of Montana and Wyoming to the east, Nevada and Utah to the south, and Washington and Oregon to the west. The state's capital and largest city is Boise. With an area of , Idaho is the 14th largest state by land area, but with a population of approximately 1.8 million, it ranks as the 13th least populous and the 7th least densely populated of the 50 U.S. states. For thousands of years, and prior to European colonization, Idaho has been inhabited by native peoples. In the early 19th century, Idaho was considered part of the Oregon Country, an area of dispute between the U.S. and the British Empire. It officially became U.S. territory with the signing of the Oregon Treaty of 1846, but a separate Idaho Territory was not organized until 1863, i ...
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Washington (state)
Washington (), officially the State of Washington, is a state in the Pacific Northwest region of the Western United States. Named for George Washington—the first U.S. president—the state was formed from the western part of the Washington Territory, which was ceded by the British Empire in 1846, by the Oregon Treaty in the settlement of the Oregon boundary dispute. The state is bordered on the west by the Pacific Ocean, Oregon to the south, Idaho to the east, and the Canadian province of British Columbia to the north. It was admitted to the Union as the 42nd state in 1889. Olympia is the state capital; the state's largest city is Seattle. Washington is often referred to as Washington state to distinguish it from the nation's capital, Washington, D.C. Washington is the 18th-largest state, with an area of , and the 13th-most populous state, with more than 7.7 million people. The majority of Washington's residents live in the Seattle metropolitan area, the center o ...
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Tri-Cities, Washington
The Tri-Cities are three closely linked cities ( Kennewick, Pasco, and Richland) at the confluence of the Yakima, Snake, and Columbia Rivers in the Columbia Basin of Eastern Washington. The cities border one another, making the Tri-Cities seem like one uninterrupted mid-sized city. The three cities function as the center of the Tri-Cities metropolitan area, which consists of Benton and Franklin counties. The Tri-Cities urban area consists of the city of West Richland, the census-designated places (CDP) of West Pasco and Finley, as well as the CDP of Burbank, despite the latter being located in Walla Walla County. The official 2016 estimate of the Tri-Cities MSA population is 283,869, a more than 12% increase from 2010. 2016 U.S. MSA estimates show the Tri-Cities population as over 300,000. The combined population of the three principal cities themselves was 220,959 at the 2020 census. As of April 1, 2021, the Washington State Office of Financial Management, Forecasting ...
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