Health Savings Accounts
Posted On: September 29, 2023 by San Luis Valley Federal Bank in: Financial Education
In today's ever-changing healthcare industry, one tool that has emerged as a powerful ally for those seeking to take control of their medical expenses while building financial security is Health Savings Accounts (HSAs). If you're enrolled in a high deductible health plan (HDHP), an HSA can be a game-changer, offering a blend of tax advantages and savings opportunities. At San Luis Valley Federal Bank, we understand the significance of HSA accounts...
Escrow Pricing Increase
Posted On: September 8, 2023 by San Luis Valley Federal Bank in: News
As you may be aware, your property value may have increased this year. County Assessors throughout the Valley performed a property valuation from January 01, 2021, to June 30, 2022. It was common to see residential property values increase by 30-80%. As a result, you may see a substantial increase in property tax payments.
If you elect to have San Luis Valley Federal Bank escrow your property taxes, your escrow payments...
