Health Savings Account
HSAs are designed to help individuals covered under a high deductible or “catastrophic” health plan save money through tax-deductible contributions to cover current and future qualified medical expenses.
An ECFCU HSA also comes with these benefits:
Visa Debit Card(s)
CardValet (see below)
Free e-Statements
Free Home Banking and Bill Pay
Unlimited debit card transactions
Monthly Dividends
For current Deductible and Contribution Limits, contact Electric Cooperatives FCU via email at msr@ecfcu.org, by calling (501) 570-2396 or visit IRS.gov and read IRS Publication 502.
How to Apply: New & Existing Members
Contact the credit union to request a Health Savings Account Application and overdraft consent form.
*Membership eligibility required. There is a $2.00 monthly administration fee with Health Savings Accounts. You must have a high deductible health plan in order to be eligible for an HSA account.
CardValet® - Card Management at Your Fingertips
CardValet® gives you the freedom to manage and customize your card usage and settings from the convenience of a smartphone while guarding against fraud by using the latest version of the CardValet® app:
Turn your debit cards on and off
Establish transaction controls for dollar amount limits, merchant categories, and geographic locations
Receive alerts when your debit card is used, approved, or exceeds the transaction controls set by you
Stay informed of potential fraud with alerts on attempted and declined transactions
Get real-time balances for your accounts