Individual Retirement Accounts (IRAs)

Achieve your retirement savings goals with a Traditional, Roth, or Educational IRA. An Individual Retirement Account.

 

IRA, is a tax deferred retirement savings plan offered as either IRA Share Savings Account or as IRA Share Certificates.

 

IRA Share Savings

  • An IRA Share Savings Account is asked to have at least a $20 deposit.
  • Dividends are calculated on your average daily balance and paid monthly.
  • Payroll Deduction is available through eligible employment groups and makes saving for your retirement easy.
  • No Credit Union penalty for early withdrawal. Federal law may impose a special penalty tax for the early withdrawal of IRA funds.
  • Your IRA Share Savings are insured to $250,000 by the National Credit Union Administration, an agency of the U.S. Government.

IRA Share Certificates

  • IRA Certificates require a minimum deposit of $500. Choose a term of 6, 12, 18, 24, or 36 month for an IRA Share Certificate.
  • Dividends are compounded and paid monthly. Earn a guaranteed fixed rate over the term of your investment with no risk to your principal deposit.
  • An early withdrawal penalty may be imposed by the Credit Union. Federal law may impose a special penalty tax for the early withdrawal of IRA funds.
  • Your IRA Share Certificates are insured to $250,000 by the National Credit Union Administration, an agency of the U.S. Government.