WARRENVILLE, Ill.–Members United Corporate Federal Credit Union today announced the opening of its new, wholly-owned subsidiary, Members Health Network, LLC to help credit unions ender the world of Health Savings Accounts and health banking.

The corporate is currently beta testing with a handful of credit unions but expects to have a full launch in time for credit unions and their business members to prepare for the 2008 open enrollment benefits season. Additional information about Members Health Network's end-to-end HSA services can be found at www.membershealth.net, where interested credit unions can also sign up for a white paper. The phone number for Members Health Network is 888-701-6777.

“Our goal is to help credit unions capture their share of this growing market with a partner they can trust, one that is dedicated to serving credit unions, and one that is operated by an entity they already own — their corporate credit union,” Members United CEO Joe Herbst said.

Peter Barnard, who has over 15 years of experience in bringing new products to market for organizations ranging from start-ups to Fortune 100 companies serves as the president/CEO of the CUSO. “It is rare to see such a 'win-win' situation. Credit unions get an entirely new deposit stream and an expanded member base,” he commented.