HSA’s enable members to pay for current health expenses and save for future qualified medical and retiree health expenses on a tax-free basis.

A person must be covered by a high deductible health plan (HDHP) to take advantage of an HSA. An HDHP generally costs less than traditional health care coverage, and the money saved on insurance can be put into the HSA.

Potentially, HSA’s offer triple tax savings by the following: pre-tax or tax-deductible contributions to the HSA; tax-free interest or investment earnings; and tax-free distributions, when used for qualified medical expenses.


  • Federally insured by NCUA to $250,000
  • Possible pre-tax or tax deductible contributions
  • Dividends compound quarterly and possibly tax free. Higher balances earn higher returns.
  • No minimum deposit to open. Keep a minimum monthly balance of $200.00 to avoid a monthly service fee of $1.95.
  • Contribute as you please up to the IRS calendar year limit. Refer to IRS publication 969 for maximum contribution limits. There is no required contribution.
  • No required annual distribution
  • Account rolls over each year


Any member under the age of 65 that is covered by a high deductible health plan (HDHP), not listed as a dependent on anyone’s tax return, and not receiving Medicare benefits.

Visit a branch or give us a call to open this account type.

Savings Rates
Effective Date: Tuesday, May 28th, 2024
AccountDividend RateAPY**
Regular Shares 0.05% 0.05%
Health Savings – $.01 and up 0.10% 0.10%
Holiday Club 0.50% 0.50%
Cumulative IRA 0.10% 0.10%

*Maintenance or activity fees could reduce earnings on the account.

**APY = Annual Percentage Yield. Shares insured up to $250,000 by the NCUA, an agency of the Federal Government. IRAs are insured for up to $250,000.