Health Savings Account

Who knew Johnny would leave his favorite toy car at the bottom of the stairs? A trip to the ER and a knee-high cast later, you do. Life happens, and sometimes so do medical bills.

With a Health Savings Account (HSA) you can plan ahead and save tax-free for qualified medical expenses. Designed to work with a high deductible health plan, you can regularly set aside money in an HSA, so it's there when you need it. Plus, you own it, so it's not a use it or lose it thing.

  • No setup or annual fees
  • Reduce your income tax*
  • Earn greater dividends than regular savings
  • $500 minimum balance to earn dividends
  • Dividends compound monthly
  • Withdrawals are tax free when used for qualified medical expenses**
  • Money rolls over year-to-year automatically
  • No "use it or lose it" policy
  • HSA is owned by you, not employer
  • Easy withdrawal access by check, debit card, online, teller
  • $5 minimum deposit to open
  • Federally insured by NCUA

Click here to view terms and conditions.

Check out our current rates.

Click here to view our personal fee schedule.

*Direct deposit from your paycheck will reduce your taxable earnings. If contributions are made after income was taxed, the amount deposited is tax deductible. Consult a tax advisor.

**Withdrawals for non-qualified medical expenses are subject to income tax and a 10% penalty. The 10% penalty is waived for persons 65 and over or who have become disabled.

  • Must be covered under a qualified, high deductible health plan
  • Cannot be covered by another health plan that is not a high deductible health plan
  • Cannot be claimed as a dependent on another person's tax return
  • Cannot be enrolled in Medicare

Contribution Limits

Contribution limits are set by the IRS. 2016 contribution limits are:

  • $3,350 for a single person
  • $6,750 for a family
  • A person age 55 or older may make an additional $1,000 in "catch-up" contributions