Credit Union of America is excited to offer our membership a new type of account to pay for future qualified medical and retiree health expenses on a tax free basis. Health Savings Accounts are limited to those individuals who have a high deductible health plan (HDHP).
Health Savings Accounts are a tool to assist the individual in managing healthcare expenses. To determine if you qualify for this new health care account, please read our FAQ for more information.
If this plan meets your needs for healthcare savings, complete the application. If you would like to have your employer deposit funds via your payroll, also print and complete the direct deposit form. A CUA staff member will contact you for verification after your application and/or direct deposit form is received.
Account Benefits
- Variable dividend/interest paid monthly on balances of $500 or more.
- 3 dividend tiers to maximize earnings:
- $500 - $4,999.99
- $5,000 - $9,999.99
- $10,000 – and above
- On-line account application
- Free direct deposit of contributions
- Easy access to HSA funds via check, ATM, in-branch and debit card
- Up to two CUA HSA debit cards per account
- Free transactions at CUA or CO-OP owned ATM’s, 20,000 nationwide
- Free 24/7 on-line banking inquiries
- Free Call-24 telephone account inquiries, 24/7
- Monthly statements
- Annual notifications for tax purposes
- $25.00 minimum balance
- Low $3.00 monthly maintenance fee on balances < $1,000
Monthly maintenance fee subject to change if employee leaves the employer sponsored HDHP. Other standard fees apply i.e. stop payments, check orders, foreign ATM transactions. See CUA current fee schedule for details.
