Idaho Business Review IBR

Another Idaho credit union has been certified as a Community Development Financial Institution (CDFI), and in addition was the only one receiving a Treasury Department grant during the most recent round of funding. The new CDFI is Freedom Northwest Credit ...

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Wells Fargo Bank is initiating another round of staff reductions, but it is not clear yet where they will be and to what degree they will affect Idaho. “The company expects headcount to decline by approximately 5 to 10 percent ...

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Idaho credit unions are among the most successful in the country, according to second-quarter results from the National Credit Union Association and analysis from the Northwest Credit Union Association. Idaho scored the highest in the nation in median annual asset ...

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Economics is traditionally known as the “dismal science,” and a series of economists have proved it in recent weeks by reminding Idahoans that, while things are mostly going well now, the economy is cyclical and a recession is likely at ...

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In an attempt to encourage low-income people to use traditional banking rather than more costly alternatives such as payday lending, U.S. Bank has announced Simple Loan, a short-term, small-dollar lending program. With Simple Loan, U.S. Bank checking account customers can ...

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New bank branches are popping up all over Idaho, with three banks opening locations outside the Treasure Valley. Citizens Community Bank is opening a new branch in Chubbuck, scheduled to be complete in mid-2019. “The location on Quinn Road had ...

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While a change in banking law is expected to spawn more mergers and acquisitions, they aren’t likely to be more prevalent in Idaho – at least, because of that. Congress passed S.2155, the Economic Growth, Regulatory Relief and Consumer Protection ...

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In an effort to streamline its corporate structure and regulatory requirements, Zions Bancorporation is merging its holding company with its bank, and has also been declared not a “systemically important financial institution” by the Financial Stability Oversight Council. “Zions engages ...

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Idahoans will now have more opportunities to use ATMs with their smartphones rather than a card, as JPMorgan Chase joins Wells Fargo in offering the service in the state. Chase began offering the service quietly in May, after piloting it ...

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While national organizations are suggesting that banks and credit unions offer small, low-cost loans to encourage people to use financial institutions rather than payday loan companies, Idaho banks and credit unions aren’t generally adding such services. Both the Office of ...

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