Banner Bank is closing its Sandpoint branch and transferring its accounts there to Spokane Teachers Credit Union (STCU), a Washington-based credit union with six branches in Idaho. “We have reached an agreement to sell the loans and deposits of our ...Read More »
What life will be like in Idaho’s banking industry in 2019 depends a lot on what the national and global economies do. December saw the stock market edging into bear territory, the bond market teasing the inverted yield curve typically presaging ...Read More »
2018 was a pretty darn good year for banking. “Idaho-headquartered banks registered a strong increase in earnings, with a 39 basis point rise in the average return on assets ratio, compared with one year prior,” said Mary Hughes, deputy director ...Read More »
The merger between the Idaho Credit Union League (ICUL) and the Northwest Credit Union Association (NWCUA) is now final after a positive vote from a majority of its 184 members. The organization, which now represents credit unions from Oregon and Washington ...Read More »
What makes a financial institution successful? It depends. “There is not a single factor that can explain growth,” said Lynn Heider, vice president of public relations for the NWCUA, which represents Idaho credit unions after its merger with the Idaho Credit ...
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About 55 percent of Idaho residents are credit union members, according to a study called 2017 Economic Impacts of Credit Unions in Idaho by ECONorthwest. ECONorthwest found that Idaho’s credit unions spend about $283 million in compensation and other payments. ...Read More »