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Financial Services

Single Idaho credit union granted CDFI funding

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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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Idaho credit unions among most successful in U.S. (access required)

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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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U.S. Bank competes with payday lenders (access required)

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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Zions reduces regulatory requirements

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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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