Savings Resources

COVID-19

COVID-19 Services Update:
Under advisement of state and local Public Health authorities, the Skagit Asset Building Coalition is taking steps to keep our clients, members, and community safe. Some services and resources may have been adapted to fit this need.

Have you received the Economic Impact Payment? – 

  • Get My Payment is a tool on IRS.gov that helps people learn the status of their Economic Impact Payment. By entering some basic personal information into a secure form, people can learn whether they need to take additional action to get their payment.
  • People have until November 21, 2020 to provide their information to the IRS in order to get the stimulus money.

For more in depth information regarding COVID-19 in Skagit County, please visit https://www.communityactionskagit.org/community-action-covid-19-response/.

These are some of the Savings Resources available in Skagit County. Updated Jan. 2020

Financial Health Classes & Workshops
Taking care of your financial health can be just as important as keeping up with your physical health! We've collected a few classes and workshops that can help you gain knowledge and resources about how to create a plan for your money.
OrganizationWorkshopFrequency & Contact
Chase BankChase Chats: Discuss a money topic once a month **COVID-19 Update: Chase Chats postponed until further notice**Once a month, call to get signed up
Columbia BankRetirement, planning seminars, first time home buyers, and succession planningPeriodically, ask a branch
Community Action of Skagit CountyRenter's Education: personalized workshops that discuss tenant, and landlord, obligations, how to complete rental applications, whats in a lease and more! **COVID-19 Update: All Community Action workshops have been postponed until further notice**2nd & 3rd Wednesday, 2pm-5pm. Call Allyson Yamauchi, 360-416-7585 x1181
Community Action of Skagit CountyCredit & Debt: personalized workshops that help you understand your credit, how to read your credit report, what to do about debt and more! Open computer access included. **COVID-19 Update: All Community Action workshops have been postponed until further notice**3rd Wednesday, 2pm-5pm. Call Ryan Davis, 360-588-5734
Community Action of Skagit CountyPersonal Budgeting: personalized workshops that touch on where your money goes, how to build more control, success money habits and more! **COVID-19 Update: All Community Action workshops have been postponed until further notice**1st Tuesday, 2pm-5pm & 3rd Thursday 10am-12pm. Call Ryan Davis, 360-588-5734
Community Action of Skagit CountyWork Pathways: an 8 week open enrollment course. Every week, participants and Employment Specialists work together on a different topic each week including: Plan for Your Future Self!, Make the Most of Your Time and Reach Your Goals, Keeping it Professional and more! **COVID-19 Update: All Community Action workshops have been postponed until further notice**Tuesdays, 3pm- 5pm. Call Megan Kost, 360-416-7585 x1105
North Coast Credit UnionBalance financial fitness, which provides our members with free financial counseling and online trainingOngoing
U.S. BankFirst time home buyers workshopOffered quarterly, ask at a branch
Wells FargoVarious workshop series available for businesses and groupsAvailable by request
United Way of Skagit CountyFinancial People Project: peer led financial education sessions are regularly held with groups of low to moderate income individuals and familiesDone periodically,
call #360-755-9521 ex 3
Community Action of Skagit CountyBasic Food employment & Training (BFET)Schedule an appointment. Call Megan Kost, 360-416-7585 x1105
Community Action of Skagit CountyFinancial & Job Coaching: Personalized to fit your needs!Schedule an appointment. Call Ryan Davis, 360-588-5734
Free Savings Accounts
A savings account that doesn't charge fees is a great way to build your savings whether it's for emergencies, vacations, repairs, or what's most important in your life. These accounts do not charge any fees to be set up, maintained, or deposit money into.
Financial InstitutionName of AccountRequirements
Chase BankChase Savings$300 minimum balance, OR 25/month automatic transfers from a linked checking account, or under 18 years old to waive $5/month fee
Columbia BankEveryday Savings$300 minimum balance or Age 17 and younger or a monthly automatic transfer of $25 or more from another Columbia Bank account to waive the $3 a month fee
North Coast Credit UnionFree Savings$5 balance to open
North Coast Credit UnionBuild a CD$25 balance to open
People BankPersonal Savings Account$100 balance to open, $300 minimum daily balance to waive $3/month fee
US BankStandard Savings$300 min balance to waive $4/month fee
US BankStar SavingsUnder 18 years old with guardian listed on account
Washington FederalMinor Savings$10 minimum opening balance, under 18 years old with guardian listed on account
Washington FederalPassbook Savings$100 minimum balance to waive $3/month fee
Wells FargoWay2Save Savings$25 deposit, $300 minimum daily balance OR a recurring, automatic savings option to waive $5/month fee
Wells FargoMinor Savings$25 deposit, Under 18 years old with guardian listed on account
Second Chance Accounts
Having an account with a financial institution is the easiest way to keep your money safe. If you've had challenges with an account in the past, many financial institutions will still work with you through a "Second Chance" account. These opportunities are more flexible with account history than regular accounts, and vary on what is required to open one. These may be Checking or Savings accounts, either are great ways to restart a relationship with a financial institution.
Financial InstitutionAccount NameRequirements
Chase BankSecure Checking Account$4.95/month fee
Columbia BankFoundation Checking AccountN/A - Debit card or online payments only
North Coast Credit UnionTaking the Next StepN/A - We strive to say "yes" to our members
North West Plus Credit UnionAll accounts are openN/A - Anyone can open an account
US BankSafe Debit CheckingAre not a Perpetrator of Financial Fraud
Wells FargoOpportunity Checking$25 opening deposit, $1,500 daily balance or $500+ monthly direct deposit
Student Benefits
Building your savings while still in school is a great way to start off on the right foot! A 2013 study found that even having savings of less than $500, a student is 25% more likely to enroll in college and 64% more likely to graduate.

Whether you're looking to set up savings for yourself or someone you know, These resources are a great place to start!
Financial InstitutionResourceRequirements
Chase BankFree Savings AccountUnder 18 years old with guardian listed on account; Linked to College Checking for Overdraft Protection
Chase BankHigh School Checking Account13-17 years old with guardian listed on account
Chase BankCollege Checking AccountProof of Student Status
North Coast Credit UnionFree Youth Savings Account$5 opening balance
North Coast Credit UnionReport Card Rewards: When a student presents their report card, we will deposit 5$ into their account and give $5 to Operation Warm.Have an open savings accounts
Northwest Plus Credit UnionSmart Accounts: Get paid for earning A's, eligible for NW+CU college scholarshipsUnder 18 years old, $5 minimum balance
US BankStudent CheckingBe a student
Washington FederalSchool 2 Save: Open account with $5, Washington Federal matches with one-time $5 depositUnder 18 years old with guardian listed on account
Washington FederalOpen CD with $500 (regular minimum: $1,000)Under 18 years old with guardian listed on account
Health Savings Accounts
"A type of savings account that lets you set aside money on a pre-tax basis to pay for qualified medical expenses. By using untaxed dollars in a Health Savings Account (HSA) to pay for deductibles, co-payments, coinsurance, and some other expenses, you may be able to lower your overall health care costs. HSA funds generally may not be used to pay premiums.''- HealthCare.gov
Financial InstitutionRequirements
Columbia Bank$100 to open, $2.50 monthly fees dropped with $2,500 minimum balance, Earn interest with $500 balance
North Coast Credit UnionFree account, no minimum balance, paired with a High Deductible Health Care plan
People Bank$100 to open, $3 monthly fees, paired with a High Deductible Health Care plan
Bilingual Team Members Available
BranchLanguages Available
Chase Bank - Fred Meyer, BurlingtonSpanish; Over-the-phone translation for in-branch services
Chase Bank - East College Way, Mt. VernonSpanish; Over-the-phone translation for in-branch services
Columbia Bank - BurlingtonSpanish
North Coast Credit Union - Mount VernonSpanish
North Coast Credit Union - Sedro-WoolleySpanish
Peoples Bank - BurlingtonSpanish
Peoples Bank - Mount VernonSpanish
US Bank - Riverside, Mt. VernonSpanish, Russian, Ukrainian, Punjabi, Hindi
US Bank - Downtown Mt. VernonSpanish
US Bank - AnacortesSpanish
Washington FederalOver-the-phone translation available for in-branch services
Wells Fargo - Riverside, Mt. Vernon Spanish
Wells Fargo - BurlingtonSpanish
Wells Fargo - Sedro- WooleySpanish
Accepts Individual Tax Identification Number
"An individual Taxpayer Identification Number (ITIN) is a tax processing number issued by the Internal Revenue Service. The IRS issues ITINs to individuals who are required to have a U.S. taxpayer identification number but who do not have, and are not eligible to obtain, A Social Security Number (SSN) from the Social Security Administration (SSA)." - IRS.gov

Many financial services can be accessed with an Individual Tax Identification Number as well as a Social Security Number.
Financial InstitutionServices Available with an ITINOther Requirements
Chase BankAll accounts and services (also available without ITIN)Passport or Matricula; Secondary ID must have current US address
Columbia BankAll accounts and Check Cashing servicesTwo Pieces of identification
North Coast Credit UnionAll accountsGovernment Issued Picture ID
Northwest Plus Credit UnionChecking & Savings accountsN/A
Peoples BankAll accountsN/A
US BankAll deposit accounts, applying for non-real estate creditN/A
Wells FargoChecking & Savings accountsIf no ITIN, must present passport consular card
First Time Home Buyer Resources
Buying a home is not only something to strive and save for, it's also a great way to build savings and assets! By paying a mortgage as opposed to rental fees, your money goes towards building your own wealth as opposed to your landlord's wealth. With the current rental markets, mortgage payments might also be smaller than rental payments.

If you're a first-time home buyer, these are some resources to help navigate the long process involved in becoming a homeowner
Financial InstitutionService/Resource
Chase BankHome Lending Adviser Consultation available
Columbia BankFHA, VA, USDA Loans; Home-buyer Tips and Trends; Periodic home buying workshops
North Coast Credit UnionStandard Home and Construction Loans; Loan servicing - doesn't sell your loan
Northwest Plus Credit UnionUSDA & Conventional Loans
Peoples BankFHA, VA, & Conventional Loans; Loan officers who regularly work with first-time homebuyers
US BankFHA 30 yr fixed & USDA loans; Home Possible by FHLMC, American Dream, & Home Ready by FNMA
Washington FederalStandard Home Loans; team members available to talk through decisions; does not sell loans
Wells FargoFirst down payment assistance (income requirements)

Please email RyanD@CommunityActionSkagit.org to request changes or additions

Partners

Financial Institutions
  • Columbia Bank – Headquartered in Tacoma, WA, Columbia Bank is the Top Ranked Washington Bank by Forbes Magazine. Awarded the 2019 Corporate Citizenship Award for being the Top Corporate Philanthropist by the Puget Sound Business Journal.

    Highlights of Columbia Bank – In 2018, Columbia Bank employees donated 26,944 volunteer hours to 1,629 organizations and donated $145,444 to 153 organizations. Employees raised $342,754 through various fundraising efforts and Company Giving in 2018 was $2,988,797 supporting 994 local organizations.

  • North Coast Credit Union – We are a not-for-profit financial cooperative. We exist solely for the benefit of our member/owners. We have been devoted to our members since 1939. When you choose North Coast you are: Choosing to become an owner. Choosing to support local communities.  Choosing to enjoy lower fees and loan rates.  Choosing to benefit from caring friendly service.

    Highlights of North Coast Credit Union – Profits earned are returned to our members in the form of better rates, lower fees, and valuable services. Open an account with a $5 deposit. Membership is open to anyone who lives, works, attends school, or worships in Washington State.

  • Northwest Plus Credit Union – NW+ is a not-for-profit financial cooperative. When individuals become members of a credit union, they become equal shareholders, each with one vote to elect their volunteer Board of Directors and Supervisory Committee. These volunteers oversee a professional management team and overall credit union operations.

    Highlights of Northwest Plus Credit Union – Home of Free Checking, Excellent service, and always available to help with your financial needs.

  • Peoples Bank – Peoples Bank offers full-service banking including personal checking and savings, investments, and loans.

    Highlights of Peoples Bank – Benefit from local, private ownership since 1921. Safe and secure, you can trust and rely on our commitment to the Skagit County community.

  • US Bank – Our history dates back to 1863 when First National Bank of Cincinnati opened for business. As regional banks proliferated across the country in the years that followed, a number of other predecessors were born. After a series of mergers at the turn of the 21st century, we formally took on the U.S. Bank name and established our headquarters in Minnesota. Today, U.S. Bank is the fifth-largest bank in the country, with 74,000 employees and $467 billion in assets as of December 31, 2018.

    Highlights of US Bank – Our relationships are built on trust that we build every day through every interaction. Our employees are empowered to do the right thing to ensure they share our customers’ vision for success.

  • Washington Federal – WaFd Bank was founded in Seattle, WA in 1917. Ever since we got our start, we’ve been helping to build
    healthy, thriving communities. And, as active members of our communities, we’re truly invested in our clients – delivering simple, straightforward banking solutions to help make the most of your money.

    Highlights of Washington FederalWaFd Bank operates over 230 offices in eight western states, including Washington, Arizona, Idaho, Nevada, Oregon, Texas, Utah and New Mexico. 2019-2020 voted Best Bank by Money Magazine for the 3rd year in a row! In 2018, WaFd Bank invested more than 13,880 volunteer hours through more than 1,425 local organizations and initiatives.

  • Wells Fargo – Our vision is we want to satisfy our customers’ financial needs and help them succeed financially.

    Highlights of Wells Fargo – Bilingual Staff and a dedicated language line. We also have a free notary.

Community Based Organizations
  • Goodwill
  • Skagit Habitat for Humanity
  • Head Start
  • Housing Authority of Skagit County
  • Junior Achievement of Washington
  • Labor & Industries
  • North West Youth Services
  • Skagit Valley College
  • United Way of Skagit County
  • YMCA
  • Young Lives
Education & Government
  • Department of Social and Health Services (DSHS)
  • Head Start
  • Skagit Valley College