Deposits

Personal Care America Federal Credit Union is pleased to announce the unveiling of three new innovative products designed to help members prepare for major life altering events.

8th largest member US credit union to integrate deposit automation technologies with Oracle’s Siebel Branch Teller Automation system

HealthAmerica has been a believer in the HSA program since the start. We are pleased to be working with Roy Ramthun and HSA Clearing Corp to offer our members the most current and reliable HSA educational materials," said President and CEO, Maury Pilver.

(www.allCUnews.com)
Speaker: Roy Ramthun is the former health care advisor to President Bush and an HSA expert. Before joining the President's staff, Mr. Ramthun was the Senior Advisor to the Secretary of the U.S. Treasury for health initiatives. In this role, he led Treasury's implementation of Health Savings Accounts after they were enacted into law in December, 2003. Mr. Ramthun is currently serving as a Senior Vice President with HSA Clearing Corp.

We are extremely pleased to be working with C-Plant Federal Credit Union. By offering HSAs C-Plant will see their membership and deposits grow, being one of the first credit unions in the area to offer Health Savings Accounts." said Tim Morales of HSA Clearing Corp. "HSA Clearing has proven across the country that people want to be able to set up their HSA close to home rather than using a provider the insurance company chose for them. Keeping the HSA deposit local helps the local communities."

LAS VEGAS, Jan. 8 (www.allCUnews.com) -- Clark County Credit Union (CCCU) members can already check one item off their New Year's resolutions list -- save more money this year.

Las Vegas-based CCCU gave its members their portion of a $7,714,993.52 dividend payment that was deposited directly into their savings accounts today. This money is distributed based on the amount of interest paid or earned by each of the 37,000 members in the past year.

The U.S. Congress gave final approval today to H.R. 6111, the "Tax Relief and Health Care Act of 2006" which included provisions expanding Health Savings Accounts (HSAs). The legislation incorporates provisions from H.R. 6134, the "Health Opportunity Patient Empowerment Act of 2006", introduced by Reps. Eric Cantor (R-VA) and Paul Ryan (R-WI), and approved on September 27, 2006 by the House Ways and Means Committee.

Adds $100 Million in Less Than a Year

RIVERSIDE, Calif., Aug. 24 (allCUnews) -- Altura Credit Union, the largest credit union based in Riverside County, Calif., recently marked a significant milestone; achieving $800 million in assets as of July 31, 2006. This is a $100 million increase in asset size in less than a year. Altura achieved $700 million in assets as of Aug. 31, 2005.

LIVERMORE, Calif., (allCUnews) Aug. 7, 200 -- CUBUS Solutions, Inc., a leading provider of business solutions that helps credit unions provide superior member services, today announced the availability of a new software application called CUDeposits that will help credit unions manage deposits more cost-effectively by providing members the ability to deposit checks into their accounts over the Web.

Many institutions said they reached very lofty first quarter marketing goals for HSA custodial accounts while reporting tremendous growth in account deposits. The survey indicates that total HSA custodial deposits reached almost $2.1 billion dollars by March 31st. This represented a jump from the $1.1 billion dollars in HSA accounts as of the end of 2005.

To: National Desk

Contact: Mary Sutcliffe of the Senate Republican Policy Committee, 202-224-2946

WASHINGTON, May 5 /U.S. Newswire/ -- Following is an executive summary of a Senate Republican Policy Committee paper titled "Health Savings Accounts: Defying Critics' Dire Expectations," released May 5:

Raleigh, NC – To help meet the needs of a growing number of its members looking for ways to combat rising costs of medical care, Coastal Federal Credit Union has added Health Savings Accounts (HSA) into its product offering. HSAs were created by Congress as part of the Medicare bill of 2003, and have been touted by President Bush as a way for Americans to save and pay for future medical expenses with pre-tax dollars.

NEW YORK--(BUSINESS WIRE)--April 4, 2006--7-Eleven, Inc. and Citibank just made banking more convenient by teaming up to offer free ATM services to Citibank customers in 7-Eleven® stores across the United States. Through the partnership, Citibank will brand ATMs in more than 5,500 7-Eleven stores in 31 states across the nation, giving Citibank customers access to a much larger network of surcharge-free locations in which to do their banking. Along with picking up their morning paper and coffee, Citibank customers can now withdraw money and transfer funds between primary checking and savings accounts without a surcharge or foreign ATM fee at any Citibank-branded ATM at 7-Eleven stores.

PRINCETON, N.J.--(BUSINESS WIRE)--April 10, 2006--When asked which areas within the healthcare market they saw growing the fastest over the next year, thirty-six percent (36%) of healthcare insurance executives said they believed health savings accounts/high deductible plans will see the most significant growth, followed by minimed plans (13%) and Medicare/Medicaid advantage plans (12%). This finding was from a survey conducted at the seventh annual American Re HealthCare Symposium

Washington, DC, March 13, 2006 – National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood joined Federal Deposit Insurance Corporation (FDIC) Acting Chairman Martin Gruenberg today for an update to consumer organizations and financial services associations regarding the impending changes to federal deposit insurance coverage.