Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
fiVISION develops HSA module
INDIANAPOLIS (8/3/09)--fiVISION has developed a Health Savings Account (HSA) opening module for credit unions. E FCU, Baton Rouge, La., launched the module--called autoENROLL--in June. With autoENROLL, applicants complete an application to open an account. Applications can be made in person, over the phone or online. Credit unions can choose to be integrated with their host processor on a real-time basis or use the features in a batch environment. With the application process, members and non-members can open an HSA in less than five minutes, fiVISION said. E FCU will use the module to market its HSA accounts to employers. Its initial rollout included moving all of its employees’ HSA accounts to the credit union from a local bank. “We would like to have five to 10 small employers signed up for our HSA product when open enrollment for most employers comes around later this year,” said Stephen Mathews, executive vice president of operations. “We currently have around 100 accounts but would like to increase this to several hundred by the end of the year. We also see HSA accounts as a tool that will assist us when we begin to offer member business services.” E FCU has $221.5 million in assets.


RSS print
News Now LiveWire
7 fed agencies involved in 2day's 2 pm ET fair lending webinar hosted by @federalreserve @TheNCUA to participate http://t.co/Mh9OvOt8c9
5 minutes ago
Today Ntl Fed of CDCUs holds 2 pm ET webinar on performance, profiles, prospects of #CDFI #CUs http://t.co/x4Z9UiKK4u
20 minutes ago
Falling #gas prices: Pros, cons for U.S. economy #NewsNow #Market http://t.co/XWwwERwe7e
15 hours ago
Members of Interstate FCU have voted to merge with Credit Union of Southern California https://t.co/yYeSWEG4GH
18 hours ago
.@InfinityFCU has named Liz Hayes as president/CEO. Hayes was formerly EVP and chief administrative offficer at @Affinity_Plus
18 hours ago