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REGISTER | NEW USERS

0.70% APY** UECU Health Savings Account

With the rising cost of health care and many companies offering high deductible health care plans, UECU’s HSA helps you defray the cost of health care expenses. Our HSA earns a great high-yield dividend while helping you manage your health care.

  • Make medical purchases with the free HSA Visa Debit Card everywhere Visa is accepted – and earn VantagePoints rewards on your signature-based, point of sale card purchases
  • With UECU’s HSA you don’t have to worry about moving the account if you switch jobs
  • Contributions are tax-deductible, earnings are tax-deferred, and qualified distributions are tax-free and penalty-free
 

HSAs were created by Congress through the Medicare, Prescription Drug, Improvement, and Modernization Act of 2003 and became effective on January 1, 2004. They were created in response to the rising cost of health care and health insurance and the larger number of individuals and families with high deductible health plans. The intent of Congress in passing the Health Savings Account (HSA) legislation was to provide financial incentive to employers of all sizes to provide health insurance and put health care decisions back in the hands of consumers.

  • Health Savings Accounts (HSAs) are accounts insured by the NCUA up to $250,000 collectively for all savings products excluding IRAs
  • HSA contributions can be made by payroll deduction, employer deposit, check deposit, or funds transfer from a member’s UECU share savings or checking account
  • Eligible contributions are fully tax deductible
  • Qualified Distributions are tax-free and penalty-free
  • Rollovers and direct transfers can be made from one HSA to another HSA or from a Medical Savings Account to an HSA
  • No required minimum distributions
  • Earns a high-yield dividend rate
  • Combined quarterly statement
  • With a UECU HSA, you can easily access your funds
    • Make medical purchases with the free HSA Visa Debit Card everywhere Visa is accepted – and earn VantagePoints rewards on your signature-based, point of sale card purchases
    • Order checks if you prefer to write checks from your HSA to cover your medical expenses

What is a Health Savings Account (HSA)?

They are similar to IRAs in that contributions are tax deductible, earnings are tax deferred, and qualified distributions are tax-free and penalty-free. The account is also portable (you can retain the account after he/she changes employment or health insurance plans). Additionally, there is “no use it or lose it” provision as with Section 125 plans. HSAs are not, however, designed as long-term savings accounts.

You (and your spouse, if you have family coverage) generally cannot have any other health coverage that is not a high deductible health plan (HDHP). However, you can have additional insurance that provides benefits only for the following items:

  • Liabilities incurred under workers’ compensation laws, tort liabilities, or liabilities related to ownership or use of property.
    • A specific disease or illness.
    • A fixed amount per day (or other period) of hospitalization.
    • Your funds will be automatically deposited into your Share Savings Account unless you instruct otherwise.
  • You can also have coverage (whether provided through insurance or otherwise) for the following items:
    • Accidents
    • Disability
    • Dental care
    • Vision care
    • Long-term care

The main requirement is that the individual must be covered under a qualified HDHP. The plan must meet both the requirements listed in the chart below:

Year Single Coverage HDHP Family Coverage HDHP
  Minimum Deductible Maximum Out-of-Pocket Minimum Deductible Maximum Out-of-Pocket
2018 $1,350 $6,650 $2,700 $13,300
2019 $1,350 $6,750 $2,700 $13,500
Year Single Coverage
Annual Limit
Family Coverage
Annual Limit
Over 55 Catch-Up
Contribution
2018 $3,450 $6,900 $1,000
2019 $3,500 $7,000 $1,000

 

Have Questions? Need Help Getting Started? Call 800.288.6423.
To open an HSA, complete the application and return it to UECU. 
HSA Application Forms and Disclosures

*Earn 1 UECU VantagePoint™ for every $2 you spend with an HSA Visa® Debit Card on qualified healthcare expenses. Cardholders must be enrolled in E-Statements to earn 1 point for every $2 on debit card transactions. Transactions must be signature-based; PIN-based transactions do not earn VantagePoints™. Points are earned net of credits.

**APY=Annual Percentage Yield

0.70% APY* UECU Share Savings Account

UECU’s Share Savings Account is the foundation for membership and a great savings tool! Open one today and begin enjoying the advantages of membership!

  • Saving money has never been easier with a low minimum balance of $5.00. Earn a high yield dividend.
  • Convenient access to your money anytime day or night through Advantages Online

Convenient payroll deduction into your account means you won’t miss the money and you’ll be surprised when you see how much you have saved!

 

Not a UECU Member Yet? Join Today!
To Get Started, Call 
800.288.6423 or Join Online.
Join Today  Learn More

 

 Forms and Disclosures

*APY=Annual Percentage Yield.

 

Quick Cash Card

0.70% APY* UECU Special Goal Savings Account

Our Special Savings Accounts are the perfect solution for budgeting your finances. Tailor your account titles to help you realize your savings goals.

  • Easy and convenient way of setting aside funds for taxes, car insurance, etc.
  • No minimum balance helps you avoid fees and earn a great rate on your funds no matter how much you deposit
  • Convenient access to your funds anytime, anywhere day or night through Advantages Online
  • Convenience of payroll deduction, you won’t miss the money going into your account and you’ll be surprised when you see how much you have saved

 

Ready to Get Started?
Call 800.288.6423 or Open Your Account with Advantages Online™.
Open Account Learn More

Forms and Disclosures

*APY=Annual Percentage Yield. 

Quick Cash Card

Earn Up To 1.60% APY*

This higher dividend-earning account is an ideal alternative to certificates, allowing you to earn a great rate of return plus your money is available to you at any time.

  • Convenient access to your funds anytime, anywhere day or night through Advantages Online
  • Use your Quick Cash Card at any ATM you want and we won’t charge you, in fact we will rebate up to $8.00 a month when the others do!
  • Convenience of payroll deduction, you won’t miss the money going into your account and you’ll be surprised when you see how much you have saved

 

Ready to Get Started?
Call 800.288.6423 or Open Your Account with Advantages Online™.
Open Account Learn More

Forms and Disclosures

*APY=Annual Percentage Yield.

 

Quick Cash Card
  • Competitive Rate – 2.60% APY* on regular and IRA CDs
  • Guaranteed Return – Rate is locked in for 20 months
  • Flexibility - Invest as little as $500
  • NCUA Insurance – Funds are insured
  • Interest Payments – Can be reinvested in the CD or deposited in your UECU deposit (savings) account
  • Savings Calculator - Calculate your savings below
 
Ready to Get Started? Call 800.288.6423. 
Learn More

Forms and Disclosures

*Dividend rate and Annual Percentage Yield (APY) are stated as of 1/1/2019. $500 minimum deposit required to open account. You may not make additional deposits after the account is opened. APY assumes principal and dividends remain on deposit until maturity. A penalty is imposed for partial or full withdrawals prior to maturity. Fees could reduce earnings on the account. Certificate renews automatically. 20 month certificate renews automatically for 18 months. APY is subject to change and may be withdrawn without notice.

 

Dream big and save big with an IRA (Individual Retirement Account) from UECU. Our IRAs offer above average dividend yields to help you make the most of your heard-earned money!
  • Enjoy peace of mind knowing your funds are protected from market swings that affect other accounts
  • Don’t worry if you switch jobs – you can make contributions to your IRA from your new job
  • Set up payroll deduction to make saving easy
  • Choose from a variety of savings options – check out our IRA E-brochures for details and benefits. Click on Learn More below.
Ready to Get Started? Need Help? Have Questions?
Call our IRA Specialist, Jolynn Stuebner at 800.288.6423, ext. 4053 or contact her via email at  jstuebner@UECU.org
Learn More

Forms and Disclosures

 

Worried about the high cost of education in the future? A Coverdell Education Savings Account is a great way to start saving for your child’s educational future.

  • Peace of mind knowing that your funds are protected from the market swings that affect other accounts
  • No need to worry if you switch jobs you can make contributions to your Coverdell Savings from your new job

Convenient payroll deduction into your account means you won’t miss the money and you’ll be surprised when you see how much you have saved!


Ready to Get Started? Need Help? Have Questions?

Call our IRA Specialist, Jolynn Stuebner at 800.288.6423, ext. 4053 or contact her via email at  jstuebner@UECU.org

Open Account Learn More

Forms and Disclosures

 

At Utilities Employees Credit Union we are actively working to increase accessibility and usability of our website for every visitor in accordance with ADA standards and guidelines. If you are using an auxiliary aid or a screen reader and need assistance please visit our accessibility page and use the contact information to be connected to a UECU Representative.
All products and services available on this website are available at Utilities Employees Credit Union at 11 Meridian Boulevard in Wyomissing, Pennsylvania.


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