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Banking and Finance

From Left to Right: Leanne Sweet, Nicole Torcolini, Kelsey Baker, Regina Ogazi, and Dominica Ogazi. Not available: Krystle Membrere. This year the Kitsap Credit Union’s Educational Grants Foundation has awarded six area students with post secondary education grants for the upcoming school year.

Central Kitsap Senior Nicole Torcolini who was awarded the Diane E. Sugzda grant named after the retired KCU president/CEO. read more »


Elliot Gregg has been president and CEO of Kitsap Credit Union since 2000, seeing the financial cooperative through many changes, including a shift from a federal to a state charter. Gregg feels the change, along with continued growth, has positioned the 74-year-old credit union for the next 75 years.

“We have the opportunity to take what we do [well] here and carry it to other regions of Puget Sound,” he said. read more »


When new clients start working with Thomas Deichert, they receive a set of questions they may not expect from a financial adviser — not just questions about their financial assets but about their life goals and dreams. Deichert, a financial adviser with Poulsbo-based Financial Network Investment Corp., uses a methodology that looks at the person’s whole life instead of simply separating the financial side from the rest.

“The idea is for a financial adviser to get a better understanding for what is important for a client. read more »


WSB Financial Group, the parent company of financially troubled Westsound Bank, has named Terry A. Peterson as president and CEO. His first day on the job was April 15. In addition, Peterson will also serve as president and CEO of Westsound Bank and will join the boards of both the bank and WSB Financial Group, Inc.

Mark Freeman, who had been serving as interim President of WSB Financial, has returned to his duties as CFO. read more »


Approximately 200 Washington consumers who paid for a service that they thought would help save their homes from foreclosure will receive partial refunds under a new settlement announced today by the Washington Attorney General’s Office.

The homeowners each paid $1,200-$1,500 to Foreclosure Assistance Solutions LLC, of Clearwater, Fla. More than 70 percent of homeowners who signed up with Foreclosure Assistance Solutions ended up losing their homes anyway. The company went out of business in fall 2007. read more »


Washington Federal, Inc. parent company of Washington Federal Savings, announced earnings of $35,452,000 or $.40 per diluted share for the quarter ended March 31, compared to $33,483,000 or $.38 per diluted share for the same period a year ago, a 5.9 percent increase.

The second fiscal quarter produced a return on assets of 1.27 percent, while return on equity amounted to 10.45 percent for the quarter. Nonperforming assets totaled $68 million or 0.58 percent of assets as of March 31. read more »


An innovative new program, the Veterans Family Fund draws on the legacy of World War II bonds, but responds to the current situation. Many U.S. veterans face many challenges upon returning from Iraq or Afghanistan. Federal benefit programs don’t cover every need and are not designed to help families. Consider, in World War II there were two injuries for every fatality. In Korea and Vietnam that ratio was three to one. In Iraq, 16 soldiers are wounded for everyone who dies. The bottom-line tally for this global war on terror will continue to increase. read more »


Jason Parker, CSA and Bill Cole, CSA with Sound Retirement Planning in Old Town Silverdale, recently completed a comprehensive course through the Society of Certified Senior Advisors and earned the designation of Certified Senior Advisor .

“The health, financial and social needs of seniors are different and more complicated then those of any other age group. SCSA keeps professionals from a wide variety of fields abreast of all these issues by providing education, training, support and communication recourse to those of us dedicated to serving seniors,” Parker said. read more »


Investor Resources, Inc. has been selected by Goldline Research as one of the ten most dependable wealth managers of the Northwest & Hawaii. The list was published in the March 24 issue of Forbes Magazine.

“Investor Resources, Inc. has been recognized in one or more national publications for the last eight years. The entire staff at Investor Resources celebrates the recognition in Forbes magazine” said Don Creech, president. “Our recognition is due to the kind words of our clients who have validated the value of our services. read more »

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