Health Savings Accounts (HSA) provide a tax-free method to save and pay for qualified medical expenses incurred by individuals, spouses or dependents who are covered under an HSA qualified High Deductible Health Plan (HDHP). The Credit Union offers three options: savings account with debit card, checking account with debit card, or certificate account. Dividends compound monthly.
For more information, visit any Credit Union branch or call (865) 544-5400 or toll free (800) 467-5427.
It is critical for everyone to save and invest money, even if you can only afford to save a little. You will need the money for unplanned expenses, major purchases and retirement. You may also want to help pay for your child's education. Here is helpful information to help you figure out how to save, how to invest and how much money you need to save.
401k and 403b Retirement Plans - 401k and 403b retirement plans offer many pre-tax investment options and are a great way to save for retirement.
College 529 Savings Plan - Learn the advantages and disadvantages of using 529 plans vs. pre-paid tuition plans to save for your child's college education.
How Much to Save for Retirement - Do you have a retirement plan? It is important to create a plan based on how you will invest and how much money you will need.
Individual Retirement Accounts (IRAs) - Learn if investing in a Traditional IRA or Roth IRA makes sense for you.
Planning for Emergencies - Making savings a priority each pay day will enable you to successfully save money for major purchases, retirement or other financial goals.
Savings Accounts - Choose from several different types of savings accounts, each with their own features and benefits.
Social Security - When planning for retirement, it is important to understand the amount you can expect to receive from Social Security, and how old you must be to qualify.