article thumbnail

SAFE Banking Act Gains Cannabis-Friendly Spotlight In Congressional Hearing

PYMNTS

Over the last two years, more than $500 million worth of cash deposits from the legitimate cannabis business has flowed into Maps Credit Union in Salem, Oregon. But though Oregon has some 500 state-sanctioned cannabis operations, Maps stands as the only FI in the state to do business with that industry, Pross said.

Oregon 230
article thumbnail

SAFE Banking Act Gains Cannabis-Friendly Spotlight in Congressional Hearing

PYMNTS

Over the last two years, more than $500 million worth of cash deposits from the legitimate cannabis business has flowed into Maps Credit Union in Salem, Oregon. But thought Oregon has some 500 state-sanctions cannabis operations, Maps stands as the only FI in the state to do business with that industry, Pross said.

Oregon 115
article thumbnail

Bankers: Is your strategy the same as your competitor?

Jeff For Banks

We are registered in Colorado and Oregon as a lender and our employees maintain home offices in those states from which we originate and underwrite those loans. Since the fourth quarter, 2012, we have expanded to serve the small business community by offering loans guaranteed by the Small Business Administration as well as the U.S.

Strategy 100