Northrim Bank Receives National Certification for Safe, Affordable Account
Northrim Bank
Northrim Bank recently received national certification for a new checking account, Easy Banking, aimed at providing a safe, affordable banking option for those who lack adequate access to traditional financial services.
Boosting Banking Accessibility
The bank’s Easy Banking option was certified by the Cities for Financial Empowerment Fund as meeting Bank On National Account Standards for safe and affordable transaction accounts. Northrim is the first Alaska-based financial institution to receive the certification.
The goal of the account is to ensure everyone has access to safe and affordable financial products and services. Bank On National Account Standards identify twenty-five critical product features for appropriate bank or credit union accounts, aimed at making it easier to connect consumers to accounts that meet their needs.
Current Issue
December 2024
Key features include the ability to pay bills and make purchases, federal deposit insurance, no minimum balance, and no overdraft or nonsufficient fund fees. Easy Banking accounts are available in all of Northrim’s nineteen branches across Alaska.
“The Cities for Financial Empowerment Fund is delighted to award its national Bank On account certification to Northrim Bank’s Easy Banking account,” says Jonathan Mintz, president and CEO of the Cities for Financial Empowerment Fund. “Easy Banking offers Alaska residents who are looking to improve their finances a safe, affordable, and truly useful mainstream banking product to access and manage their money.”
Alaska Employment: Annual Job Growth Up Slightly in November by 2.4 Percent
Unemployment in Alaska held at 4.6 percent in November despite 7,700 more jobs than a year earlier, driven by oil and gas and construction growth.
Manh Choh’s First Year: 8 Million Miles of Gold
Kinross Alaska recaps a year of mining at Manh Choh, one-quarter of the way through the life of the Interior gold mine.
AI Consultant to Overhaul Permanent Fund Dividend Application System
The PFD application process is headed for revamp with AI enhancement through partnership between the State of Alaska and New York-based tech firm Saige Consulting.
