Patelco Adds 401(k) Program For SmallBusinesses

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SAN FRANCISCO - (06/07/06) – Patelco CU announced Tuesday itis now offering a 401(k) retirement plan for small businessmembers. The plan is administered by ShareBuilder and consistsexclusively of Exchange Traded Funds. The ShareBuilder 401(k)program features a flat $15 monthly fee per participant, no annualemployer administrative fee, and a 0.65% annual asset fee.Separately, Patelco announced the appointment of Barry Kane, as itschief operating officer. Kane, who has worked for Patelco for 25years, will be responsible for the $4 billion credit union’s37 branches in California, call center and back officeoperations.

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