Individual Retirement Accounts (IRAs) are a great way to build that nest egg. And, with the Taxpayer Relief Act of 1997, you have even more options for retirement savings. Traditional IRAs provide a tax deduction* for some people, along with tax-deferred interest*. Coverdell Education Savings Account and Roth IRAs are not tax deductible, but may earn income tax-free*.

Annual contributions to an IRA account may not exceed the lesser of 100% of your earned income or $5,500. Total contributions to a combination of traditional and Roth IRAs may not exceed this amount in any one tax year.

If you would like to transfer your IRA from somewhere else, we make it convenient and easy for you. IRAs are insured by NCUA separately - in other words, your IRA is insured for up to $250,000 in addition to the $250,000 on other accounts.

If you are seeking a higher yield by investing your IRA funds for a specified term, the Credit Union offers certificates with terms of 12 months to 60 months. IRA Certificates are available under Traditional, Educational and Roth IRA terms.

  • A penalty may be charged for early withdrawal
  • Rates are fixed for the term of the certificate
  • All activity appears on your regular statement
  • No minimum balance is required for the IRA
  • No monthly fees
  • Contributions may be made in "lump sums" or by regular deposits of up to $5,500 for Traditional and Roth IRA and up to $2000 for the Coverdell Education Savings Account. Age 50 and older can make contributions to Traditional and Roth IRAs of $6,500.
  • Dividends are paid monthly

For more information, please contact our IRA Specialist or contact a Member Services Representative.

* Tax information is not intended as tax advice and you should consult a tax professional.

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