Healthcare's
Cooperative CU, Formerly Health America Credit Union
Overview and Eligibility
The Health America Credit Union is based in Jackson, Florida and was established in 1954,
initially to serve Blue Cross employees. In 1982, it extended membership to all American hospital and health care
employees. In order that their operation as a cooperative was fully reflected, in 2009, they changed their name to
Healthcare's Cooperative Credit Union (HCCU), and now have assets of over $100 million and serve many health care
employee-members in 46 states. Membership is open to anyone living or working east of Highway 301, a variety of
health care employees, and additionally real estate employees are eligible to join, you can check their website for
the full list of health occupations covered.
Home Banking and Checking Accounts
Healthcare's Cooperative Credit Union (Health America Credit Union) has a range of checking services aimed at
different types of customer. Active Checking offers both telephone and online access together with a Visa Debit
card that is free if you make 10 transactions per month using the debit card. There is free ATM access, from five
different networks of ATM's, online bill pay and account management and an overdraft facility if required. There is
a specific online only account, E checking, an account for the over 55's called 55+ Checking, an account for
students, Student Checking for ages 13 to 17 and Pulse Checking which removes any restrictions about card usage and
costs $10 a month to maintain. HHCU's interest earning account is called Interest Checking, requires a minimum
account balance of $2,500 which if maintained daily, means a fee-free account, and interest is earned at 0.10% APY.
For the customer without a credit record, there is the Credit Starter Account, enabling 18 to 22 year olds to build
up a credit record, with advice along the way about money management.
Credit cards and Loans
Elan Financial Services is the creditor, issuer and service provider for HHCU (Health America Credit Union) Credit
Cards, offering customers a range of eight different Visa credit cards to suit all customer needs. Visa Signature
and Visa Platinum offer an introductory 0% for the first 6 billing cycles. After that, the rate is 9.99% to 17.99%
based on your creditworthiness, and there is no annual fee. Signature offers a 1% cash back on all purchases and no
preset spending limit; it is negotiated at the time of application. Platinum requires a minimum household income of
$12,000 and offers standard benefits such as extended warranty and Verified by Visa credit checks during
transactions. College Rewards Visa allows points to be earned towards products in the rewards scheme. The Young
Adult and Secured Visa are for those needing to establish a credit history or repair a poor credit record. A
cosigner is needed for the Young Adult, and a line of credit of $300 to $5000 is available against a security
deposit for the Secured Visa. There are also two business visa cards. For customers struggling with debt,
Healthcare's Cooperative Credit Union, formerly called Health America Credit Union, offers a low cost
refinancing loan to consolidate debt, with rates as low as 2.99%.
Source: Credit Cards For People With Bad Credit Rating
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