Important Information About Changes Coming to Your Basic Health Savings Account

WPCU is committed to enhancing our products and services to better meet your evolving needs and help improve your well-being. As part of this commitment, we have converted your Basic HSA to an Enhanced HSA so you can benefit from the value of an increased dividend rate and annual percentage yield on your HSA savings.

Unfortunately, members do not have the option of opting out of these changes.

Your account number and debit card number have remained the same. Since your account number has not changed, all deposits and payments you may have set up to come in or out of your account will continue to work as they have in the past.

No, nothing has changed with how you manage your HSA transactions through Mobile or Online Banking or when visiting a member centers.

If you previously had a Basic HSA, as of January 1, 2025, your HSA is now an Enhanced HSA, which is a tiered rate account. After January 1, 2025, the first dividend rate and APY shown on the Current Dividend Rates sheet will be paid on the portion of your average daily balance that was greater than $0.00 but less than $1,000.01 and the second dividend rate and APY shown on the Current Dividend Rates sheet will be paid on the portion of your average daily balance that was greater than $1,000.00. The rate structure for members with Enhanced HSAs remains a tiered-rate structure.

There are no special requirements to receive the higher dividend rate on the first $1,000.00 in your HSA account.

Many of the forms previously used to submit requests related to your HSA for transactions such as rollovers, transfers, contributions, or distributions are still accessible from WPCU.coop/Forms, but you will now log in to our trusted third-party partner’s website using the email address associated with your HSA account to request these transactions. You will then be guided to the correct form(s) by answering questions about the transaction you wish to complete. Depending on your request, a WPCU partner-employee will review your transaction once it is submitted and then complete the appropriate action on your account or contact you with any further questions. You can also access our third-party partner's website though the "HSA Service Center" within Online Banking.

Please note: In addition to requesting these transactions through our trusted third-party’s website, you can also call our Member Help Center or visit your nearest member center and a partner-employee will be happy to assist you with your transaction request.

Depending on the type of transaction you are requesting and the applicable form, you may be able to sign the HSA form electronically.

As of January 1, 2025, forms for HSA transfers, rollovers, contributions, and distributions can be completed and signed electronically within the “HSA Service Center” available in WPCU’s Online Banking, via WPCU.coop/Forms, or by visiting a member center. To add an authorized user or request an HSA adjustment, complete the applicable form found at WPCU.coop/Forms and fax the form to (937) 912-8148 or email to [email protected].

Yes, WPCU will continue to mail your 1099-SA distribution and 5498-SA contributions forms.

While WPCU serves as the custodian of your HSA, we are unable to provide guidance on tax-related matters. For assistance, we recommend consulting a qualified tax advisor who can provide accurate and personalized advice.

Since WPCU is the custodian of your HSA and not the administrator, we are unable to answer questions regarding eligibility.  We recommend connecting with your employer for assistance.