We know that Individual Retirement Accounts (IRAs) can be very confusing, especially since there are varieties of types to choose from.

We offer these different IRA programs:

Traditional IRA

An account that allows you to defer taxes on your earnings until they are withdrawn. Certain contributions are tax-deductible in the tax year for which they are made. Some age, withdrawal and contribution limitations apply.

Roth IRA

Contributions are nondeductible and feature tax-free withdrawals for certain distribution reasons after a 5-year holding period. Contributions are made on an after-tax basis. People who expect to be in a higher tax bracket when they retire may benefit more from this account. Some contribution and withdrawal limitations apply.

Coverdell Education Savings IRA

Contributions are also nondeductible. This account features tax-free withdrawals for a very specific purpose only: a child's higher education expenses. Qualified higher education distributions are penalty and tax-free (Traditional/Roth offer penalty-free only). Some contribution and withdrawal limitations apply.

Certificate IRA

Acts just like a normal Certificate, but set up as an IRA for tax purposes. Account is available in 6 & 18 months, 1, 3, & 5 year terms and earns Certificate dividend rates instead of the IRA rate. Contribution and withdrawal limitations apply (no fixed regular contributions allowed, penalty for early withdrawal).

Contact us to open your IRA account.

Consult your tax advisor regarding the deductibility of interest.

This credit union is federally insured by the National Credit Union Administration.