San Francisco-based Patelco Credit Union has announced the introduction of a health savings account for its members.
Patelco, a $3.7 billion-asset institution, decided to introduce the HSA after seeing a shift to high-deductible health plans among many large employers, Andrew Hunter, the president and chief executive officer, said in a press release Thursday.
The account offers a 5.12% annual percentage yield and can be opened with a deposit of $5.
A federal judge harshly criticized the settlement of a civil suit between the Department of Justice and a Texas land developer.
The San Antonio-based bank reported annual declines in net charge-offs and nonaccrual loans, extending a run of solid credit-quality trends at Texas-based regional banks.
President and CEO Enrique Lores, who took the payment company's top job in March, is looking to turn the company around with fresh talent and a renewed focus on what he says are the company's fundamentals.
The card network, which reported earnings on Thursday, reports some early impacts on travel payments, and has set up a site to help customers with questions about changes in consumer and business spending habits.
Banks have publicly said they're on top of the risk presented by Anthropic's Claude Mythos, which can find and exploit software vulnerabilities at unprecedented speed. Experts aren't as sure.
Growth in retained and investment portfolios drove gains as the government-sponsored enterprise reported the highest refinancing share seen in four years.
