Depositing into an Individual Retirement Account helps you take control of your retirement planning. IRA accounts are subject to deposit and withdrawal restrictions.

The Credit Union offers Traditional IRA Accounts, Roth IRA Accounts, and Coverdell Educational Savings Accounts. Share types and Term Share Certificates are available for all IRA account options. Contact your tax professional for advice when considering establishing any type of IRA account.

The National Credit Union Administration insures all of your share accounts up to $250,000. An additional $250,000 is insured by the American Share Insurance for qualifying accounts, resulting in a total coverage of $500,000.

Traditional IRA Account
This account offers a tax-deferred earnings and the possibility of tax-deductible contributions. Anyone with earned compensation who will not reach the age 70 ½ by the end of the year can contribute. All earnings in a Traditional IRA are not taxed until they are withdrawn.

Roth IRA Account
Roth IRA contributions are not tax-deductible and are taxed in the year they are earned. Contributions may be withdrawn tax-free and IRS penalty-free anytime. Earnings are tax-free if the account is open for five years and withdrawn for a qualified reason. You are not required to start taking minimum distributions when you reach age 70 ½.

IRA Accumulation Account
IRA Accumulation Accounts allow you to start your IRA Share Account with a minimum deposit of $100. A small deposit every pay period can assist in building your retirement plan!

IRA Split Rate Account
With a minimum deposit of $1,000 this is a tiered rate Share Account. Earnings on this account are based on the balance you have on deposit; the more you save, the more you earn in dividends!

Current IRA Share Rates

IRA Term Share Certificate
Term Share Certificates are available for members that request to invest their IRA funds for a defined period of time. One- year and two-year terms are available for members. For more information about our Term Share Certificates click here.