WASHINGTON - (03/01/05) -- HealthAmerica CU, one of the firstcredit unions to offer its members tax-deferred Health SavingsAccounts, was eager to jump into the new federal program. "Smallemployers are really looking closely at this program," MauryPilver, president of the Jacksonville, Fla., credit union,attendees of NCUA's Access Across America Workshop. "They see thisas an answer to the problem of being squeezed by the HMOs," Andit's not just small businesses that are interested. "Most of themajor employers are looking at HSAs as an alternative totraditional health care plans," he asserted. Attendees to theconference, held in conjunction with CUNA's annual governmentaffairs conference, were also urged to offered the special healthaccounts to their employees as an added benefit. HSAs enableconsumers to pay for current health expenses and save for futurequalified medical and retiree health expenses on a tax-freebasis.
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Beth Johnson, a self-described math geek, is driving the bank's ESG strategy and training its employees to keep pace with industry trends.
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The Cleveland-based bank is projecting steady growth in net interest income even as credit losses remain manageable. But Chairman and CEO Chris Gorman also said that he thinks a recession is likely.
April 18 -
The first-quarter increase involved commercial real estate loans, including some problematic multifamily loans and an office credit, but none of the criticized loans were to consumers, officials at the Dallas company say. Further CRE deterioration is anticipated.
April 18 -
The Detroit-based company is exploring ways to make more consumer auto loans without running afoul of stricter capital standards that are expected from the Federal Reserve. Possible approaches include more securitizations and the use of credit risk transfers.
April 18 -
The House Financial Services Committee also sent to the full House two bipartisan bills, including one that would prevent large banks from opting out of having to recognize Accumulated Other Comprehensive Income in regulatory capital.
April 18 -
Charge-offs and nonperforming loans rose at the Georgia bank in the first quarter. But it blamed the problem on one large client and said the matter has been resolved.
April 18