Health Savings Account

“At least I’ve got my health”. People say it all the time. Your health care should be taken very seriously, but you shouldn’t have to waste all your time trying to manage it.

That’s why we designed CRCU’s Health Savings Account to be flexible and easy to use.  

Quick Links:
Financial calculators


Money market savings apply now         

  • Summary
  • Qualifications
  • More Info

This tax-advantaged personal savings account works with an HSA qualified health plan. You contribute a portion of your paycheck before taxes, reducing the amount of federal income tax you pay. Then, you make tax-free withdrawals to pay for expenses such as:


  • Office visit co-payments
  • Deductibles
  • Eye care
  • Prescriptions

You need to be enrolled in a qualified health care plan through your employer.

  • Contribute on a pre-tax basis
  • Distributions for qualified medical expenses are tax-exempt
  • Investment income grows tax-deferred
  • Any extra money in your account at year end rolls over to the next year
  • If you changes jobs, your account remains in place with CRCU.
  • When your Medicare coverage begins, you can access your funds without penalty. However, you pay income tax on these distributions if they are for non-qualifying medical expenses.*

*Distributions for non-qualifying medical expenses prior to age 65 or the time you become eligible for Medicare will be subject to ordinary income tax, as well as an additional 10% penalty assessed by the IRS.

Health Savings Account

Open your account online!

Loans apply now

  • Usually takes less than 5 minutes
  • Quick, personal response


Have a question, or want to talk with a specialist? 

  • 281.422.3611 locally
  • 800.238.3228 out of the area 
  • Send us an e-Mail



Financial Calculators