ALBANY, N.Y. — Members Health Network, LLC, a wholly-owned subsidiary of Members United Corporate Federal Credit Union, has signed its first HealthBanker client–E Federal Credit Union.
The $200 million Baton Rouge, La. credit union has turned to Members Health Network to roll out a Health Savings Account for its members.
HSAs are tax-free portable savings accounts that can be used to pay for medical expenses including prescription and over-the-counter drugs incurred by individuals, spouses, or dependents. These accounts are accompanied by high-deductible, comprehensive insurance policies that cover preventive care and larger medical bills. Unused HSA money rolls over from year-to-year and can then be used to pay for medical care up to the plan's deductible.
Recommended For You
Wanting to go beyond just servicing HSAs, E Federal CU is looking to become a true member resource by transforming its Web site to an HSA portal complete with tools ranging from calculators to compare health plans, to the convenience of opening HSAs online.
As part of Members Health Network's HealthBanker platform, the credit union has access to the Health Counselor module, which allows users to compare the cost and quality of healthcare providers and includes a library of health information and service directories. Health Counselor will be available to all E Federal CU HSA accountholders.
Members Health Network was officially launched in September 2007.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
