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INDIVIDUAL RETIREMENT ACCOUNTS (IRA) - Great Rates & Federally Insured!
Save for retirement or education. You may even be able to use the funds for a qualified first time home purchase.
- Competitive rates
- Automatic Savings Plan
- Insured by the NCUA up to $100,000
- Check account balances online
- Rollover of retirement funds
We offer three types of Retirement Accounts:
Traditional IRA
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Invest up to $3,000 annually
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Contributions may be tax deductible (see a tax advisor)
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All earnings on your IRA are tax deferred until withdrawn
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Withdrawals from the account may be made penalty free before age 59 1/2 to help finance qualified higher education expenses and qualified first-time home purchase
Roth IRA
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Invest up to $3,000 annually
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Contributions are not tax deductible
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No tax on earnings for qualified distributions
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Withdraw contributions tax-free any time
Coverdell Education Savings Accounts
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Invest up to $2,000 per year per child
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Contributions are not tax deductible
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Withdraw funds tax free and IRA penalty free to finance qualified higher education expenses
Contact the credit union to sign-up, roll-over retirement distribution or learn more.
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