WebJan 8, 2024 · The cannabis banking program at Sunmark is led by Jeff Miller, vice president of sales and business development for the credit union. Miller said Sunmark officially started the cannabis banking ... WebJun 3, 2024 · Maps Credit Union, Salem, Ore., has been providing banking services to marijuana-related businesses since 2014. Testifying in Congress in early 2024, Rachel Pross, Chief Risk Officer, says the credit union saw the move as a community service and public safety issue — “though Maps has no position on whether cannabis should be …
Cannabis Accounts - North Bay Credit Union Santa Rosa, CA
WebVisit our Cannabis Banking page to learn more. Financing. Secured capital equipment loans; ... Salal Credit Union NMLS #416045; Footer. Routing Number: 325081610 PO … Web2 days ago · Frank P. Amantia, senior vice president and chief lending officer at NIH Federal Credit Union, offers insight and perspective on what a business may want to consider … john rigney mcallen
Cannabis and Credit Unions: House Passes the SAFE Banking Act
WebOct 10, 2024 · The cannabis industry is a very tricky one for credit union and bank executives to size up. At this stage, credit unions are the ones taking risks. But we can’t overlook the obvious – as soon as this practice becomes more commonplace – there’s no doubt that the bankers will swoop in an attempt to dominate the market. WebCannabis Banking Solutions Built for Your Business. Purpose-built for cannabis and hemp by banking and compliance experts. Normalized access to FDIC-insured bank accounts, payment processing, and lending. Streamlined compliance without manual reporting. Products and pricing built to fit any size or type of business. WebJul 22, 2024 · Craft an initial cannabis banking policy. Outline the policy statements your credit union will use to guide the development and management of this line of business. The cannabis banking policy should serve as a stand-alone document the board of directors can review and approve before moving forward. Develop your program materials. how to get the waterwheel weapon