ALBANY, N.Y. — Albany-based Members Health Network, a subsidiary of Illinois-based Members United Corporate FCU, is using an online account opening solution from fiVISION of Indianapolis as a key part of its entry into the health savings account market.
HealthBanker features internal and online enrollment–using a private-labeled version of fiVISION's accountWORKS solution–as well as decision-making tools that allow users to compare plans and costs and a Web-based library of consumer health information.
The first user is $202 million E FCU of Baton Rouge, La., which plans to offer HSAs to retail and business members.
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"We want to see credit unions take their rightful place at the HSA table," said Peter Barnard, president/CEO of Members Health Network. "fiVISION is a key partner for us since its online enrollment technology will streamline the HSA sign-up process for credit union members, demonstrating the convenience and ease of use of opening and funding an HSA at a credit union."
Mike Winter, president of fiVISION, said, "We see this market segment really exploding. We're very excited to be a part of a movement that will help credit unions grow, and help their members transition to a new way of saving for their health care."
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