SACRAMENTO - (02/21/05) -- A proposal introduced in the stateAssembly last week would allow state chartered credit unions tooffer their members tax-exempt Health Savings Accounts, just likefederal credit unions. Health Savings Accounts are tax-exemptsavings accounts similar to Individual Retirement Accounts that areespecially earmarked for medical expenses. Federal law allowsCalifornia's 300 federally chartered credit unions to offer theaccounts.
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At the banks' annual meetings, shareholders at both companies struck down proposals that would have split the board chair and CEO roles. Two other proposals also failed to win shareholder support, one concerning energy financing and another on pay gap analysis.
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