Beware of Scams. Members have reported scammers using spoofed text messages and phone calls that appear to be from Lookout Credit Union trying to get members to share sensitive information to gain access to their accounts. Remember, Lookout Credit Union will never initiate contact and request online banking credentials or one-time passcodes over the phone, via email, or by text. If someone asks you for this information, end the call and reach out to us directly at 208-235-7100. Click to learn more.
A Medical Savings Account (MSA) is an account intended to encourage savings for future medical expenses. Deposits to your MSA that are within the maximum contribution limit are tax-deductible for Idaho state income tax purposes.
An MSA checking account works a lot like a regular checking account: you set aside money toward medical expenses, and you make withdrawals for eligible medical expenses, such as your monthly health insurance premium. There are a number of eligible, out-of-pocket expenses for which you can use your MSA savings. Stop by the Credit Union or give us a call for more information.