There’s a big difference between simply having a financial institution — and joining a financial institution that truly cares about you.

As a credit union, we exist solely to serve the diverse financial needs of our members — people like you. In fact, ALEC is owned by the very individuals it serves — not private investment groups or public shareholders.

That’s an important distinction from many other financial institutions. As a not-for-profit financial co-operative, after paying our credit union’s expenses and setting aside its mandated reserves, we return the money that’s left over right back to ALEC members.

HSA Program Features

FDIC or NCUA Insured:
Min Balance to Open:
  • Debit Card
  • Checks
  • Online Banking
  • Investment Options

HSA Interest Rates

Interest rates for various balance tiers
$0.00+ 1.00% APY
Last checked on: 08-15-2023. Rates may not be current, please check the provider's website for the latest rates.


Monthly Maintenance Fee $0.00
Account Opening Fee $0.00
Account Closing Fee Unknown

HSA Investment Options

Mutual Fund Platform: check_box   Self-Directed Brokerage: close   CDs: check_box   Other: close

Mutual Fund Details

Investment Fee: 0.50% annual fee charged by myHSAinvestments

Self-directed investment options for HSAs available through myHSAinvestments.

CDs Details

Click here to learn more about the certificate of deposits available for health savings accounts at ALEC.

Contact Information

General Information

Address 325 Tri-State Parkway
Gurnee, IL 60031-5280

Customer Service

Mailing Address ALEC
325 Tri-State Parkway
Gurnee, IL 60031-5280
Phone Number 800-762-9988