MCCU launches Health Savings Accounts

For additional information, contact Tara Alfonsi, Marketing Director, at (218) 625-8820 or tara.alfonsi@membersccu.org.

(Duluth, MN) December 1, 2010 – Dal Bolt, Vice President of Operations for Members Cooperative Credit Union (MCCU), announced today that MCCU will be the one of the first credit unions in the region to offer Health Savings Accounts (HSAs).

“No matter what a person’s age or circumstances, medical expenses can sneak up on anyone,” said Bolt. “A Health Savings Account empowers individuals to plan ahead for their healthcare costs, and offers some tax benefits.”

 A Health Savings Account is available to anyone who is part of a high-deductible health plan. Distributions for qualified medical expenses may be tax-free, and the funds may be rolled over from year to year. In addition, the account is portable, so even if employers or health plans change, the money stays with the individual.

To find out more, please call Members Cooperative Credit Union at (218) 625-8500, or stop by any of MCCU’s six locations: Cloquet, Duluth-Miller Hill, Duluth-Spirit Valley, Duluth-Central, Aitkin or McGregor.

 

About Members Cooperative Credit Union

MCCU offers local service, smart financial products and dynamic education programs to the Duluth, Cloquet, Aitkin, and McGregor communities. MCCU is proud to be the largest credit union in Northern Minnesota, uniting communities since 1936 and serving its member/owners with more locations than any other credit union in the region. For more information on MCCU, visit membersccu.org or call 218-625-8500.

---