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1st Financial is now Alltru Credit Union. Welcome!

Empower your employees.

We want to help you give your employees a bright financial future. Our Health Savings Accounts (HSAs) offer benefits to both the employer and employees including no administrative fees or payroll taxes on HSA contributions. Healthcare expenses can be scary – but we’re here and ready to support your employees. Alltru Health Savings Accounts let your employees save toward future medical expenses. Even better, these accounts are pre-tax – so you’re effectively reducing your taxable income, which saves you even more.

Every HSA includes a free Visa debit card linked to the account, which can be used to pay for:

  • Doctor’s office visits
  • Prescriptions
  • Vision expenses
  • Dental expenses
  • Long-term care insurance

Employee stress costs an organization

with 1,000 employees more than

per year.

Source: Pension Consultants, Inc. Report

Alltru Business Health Savings Account

.10%

APY*

 

Learn More
Alltru Business Health Savings Account Features

Here are the benefits.

Discover a valuable partnership.

Alltru Credit Union is on your side as you build your business. We offer a range of free financial services – including benefits you can pass on to your employees. Talk to our team about Alltru Business Loans, financial education and more.

To get the latest research on financial stability and how it effects the workplace, download our free e-book Financial Stability: More than a Paycheck.

The business advisor you need.

We’re here to provide the resources and help you need to keep your business moving forward. We have partnered with Newtek Business Solutions to deliver a range of services for your business.

CARES Act

Take advantage of the COVID-19 Paycheck Protection Program.

Business Lending

Get loans for commercial real estate, working capital, acquisitions, buyouts and more.

Merchant Processing

Take the pain out of processing credit card, debit card, check and ACH payments.

Revolving Lines of Credit

Handle your working capital needs, effortlessly.

Web Design

Share your story on the internet with a custom website. Share your story on the internet with a custom website.

eCommerce

Sell your products online with secure account, cart, merchant account and gateway.

Managed Technology

Protect your data with a scalable cloud platform.

Insurance

Protect your company with nationwide commercial and personal coverage.

Payroll and Benefits

Outsource your payroll and HR responsibilities with comprehensive service.

Commonly Asked Questions

Want to know more about Health Savings accounts? Explore a few commonly asked questions below.

The HSA account holder must satisfy four requirements:

  • Be covered by a High Deductible Health Plan (HDHP)
  • Not be covered by another type of insurance (unless it’s a dental or vision plan; or another qualified HDHP)
  • Not be enrolled in Medicare
  • Not be claimed as a dependent on another person’s tax return

Yes, but the funds will be subject to income tax and a 20% IRS penalty (penalty does not apply after age 65)

  • Payroll deduction (if offered by your employer)
  • Electronic transfer (from your checking or other savings account using online banking)
  • In branch deposits into your HSA account

Alltru Credit Union provides you with several ways to access your funds to pay for medical expenses:

  • An HSA Visa debit card
  • Online banking
  • Withdraw cash from Alltru Credit Union branch
  • $3,600 single coverage
  • $7,200 family coverage
  • Individuals age 55 and older are permitted to make an additional $1,000 “catch-up” contribution

Yes, HSA owners may move their HSA assets to another financial organization, even if the contributions were made by their employers

“Everyone is really helpful and if there’s ever an issue they always get it squared away immediately and make sure that I’m getting taken care of.”

Andrea
Alltru Member
Let’s Talk

We’re in your neighborhood.

We are St. Louis, through and through. We have branches throughout the metro area. Plus, as a member you’ll have free access to hundreds of local ATMs.