Individual Retirement Accounts

Social Security and pension plans no longer can be relied on to provide all of the income you’ll need to retire. That’s why opening an Individual Retirement Account is so important.

Depending on which account you open, you can enjoy either tax free distributions when you retire or you can take advantage of a yearly tax deduction and defer taxes on the interest your account accumulates.

We offer two types of IRAs, plus IRA Share Certificates (IRA CDs). You can contribute to either a Traditional IRA, a Roth IRA, or both types of IRAs up to the annual contribution limit. If you are age 50 or older, you can take advantage of the “catch up” provision and contribute even more. Check with your tax advisor. Both accounts include:

  • No account set-up fees
  • No annual or maintenance fees
  • Highly competitive dividend rates

Traditional IRA

With a traditional IRA, your contributions may be tax-deductible and you can grow your savings tax-deferred until you retire. When you do retire, your distributions are taxed based on your income tax bracketl at that time.

Roth IRA

The major advantages of a Roth IRA is that you pay taxes on your yearly contributions as regular income, but your account earnings and future withdrawals are tax free, plus you can continue to make contributions after age 70 ½ if you are employed.

Open Your Account Today

Don’t miss this opportunity to IRA your way to a secure retirement. For the details, call or stop by the credit union. IRAs are insured separately by the National Credit Union Share Insurance Fund for up to $250,000, The fund is regulated by the National Credit Union Administration, an agency of the federal government.

There are also steps you can take to insure higher account balances. Contact the credit union for the details. Contact Us.


IRA Rates

Info and/or TermsAPYAPR
6 Months
Minimum Balance $1,000.00
9 Months
Minimum Balance $1,000.00
12 Months
Minimum Balance $1,000.00
18 Months
Minimum Balance $1,000.00
24 Months
Minimum Balance $1,000.00
36 Months
Minimum Balance $1,000.00
48 Months
Minimum Balance $1,000.00



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