Numerica wins business innovation award
SPOKANE VALLEY, WA (March 28, 2024) — Outside-the-box solutions for connecting people with affordable housing earned Numerica Credit Union a special honor Wednesday. The credit union received the Business Innovation award at the 2024 Greater Spokane Valley Chamber of Commerce Business Awards. Numerica accepted the award for the large business category during a gala at the CenterPlace Regional Event Center.
“The impact of these programs is felt every time a family is handed a house key,” said Carla Cicero, Numerica president and CEO. “Our team recognized Spokane’s need for affordable housing and took steps to overcome financial barriers. This award is a testament to how Numerica lives out its core purpose of enhancing lives, fulfilling dreams and building communities.”
The award honored a pair of innovative approaches the credit union took to helping people purchase a home. In 2023, Numerica was granted $1.5 million from the City of Spokane to assist underserved communities. Numerica’s Down Payment Assistance Program aims to help dozens of first-time homebuyers who might not have otherwise qualified for a loan.
The credit union also partnered with Village Cohousing Works to create a specialized manufactured home loan program. The Spokane nonprofit helps provide affordable, permanent housing to low-income households. The first of its kind, Numerica’s manufactured home loan program created lower interest rates and more flexible credit requirements for buyers.
About Numerica Credit Union
Headquartered in Spokane Valley, Numerica serves the financial needs of more than 170,000 members. It invests earnings toward enhancing lives, fulfilling dreams and building communities in Eastern Washington, Central Washington and North Idaho. Membership is open to anyone who lives, works or worships in the state of Washington or North Idaho. With more than $4.9 billion in assets under management, Numerica is federally insured by NCUA and an Equal Housing Opportunity lender.
