IRAs

IRAs are a great way to save for a comfortable, secure retirement, pay for higher education or buy a first home. Whatever fits your needs, we offer all three plans including the Traditional, Roth and Educational IRAs.

Traditional IRA

Funds deposited in a Traditional IRA are free from federal taxes until you take the money out at retirement. The funds may also be tax-deductible, so check with your tax advisor.

Roth IRA

With a Roth IRA, your contributions are made with after-tax dollars, and your withdrawals after retirement are tax-free, providing you conform to the plan requirements.
Your income, tax bracket, years until retirement and other factors will help determine if a Roth or traditional IRA is best for you. Ask your tax advisor for assistance.

Coverdell IRA

Coverdell IRA is a tax advantage investment for higher education. You may contribute up to $2,000 a year to pay for qualified education expenses. Contributions are made in after-tax dollars; however, the credit union dividends are not taxed, and withdrawals are tax-free if used for education expenses.

IRA Certificates

Traditional Certificates, Roth Certificates and Educational IRA Certificates are available from 6 to 60 months terms with a minimum deposit of $1,000 and competitive dividend rates.

*Consult your tax advisor for details regarding your specific situation.