INDIVIDUAL RETIREMENT ACCOUNTS

Traditional Individual Retirement Accounts

Save up to $5,000.00 per year for your retirement, (higher limits apply if you are over 50, ask for an information packet for details). Earnings grow Tax-deferred until withdrawn. Contributions may be tax deductible. Dividend rates fixed for a one-year period. Withdrawals prior to age 59 ½ may incur IRS Penalties.

Roth Individual Retirement Accounts

Save up to $5000.00 per year for your retirement (higher limits apply if you are over 50, ask for an information packet for details). Most contributions can be withdrawn tax-free and penalty free at any time. Contributions are not tax deductible. Earnings can be withdrawn tax-free and penalty free under specified conditions. Dividend rates fixed for a one-year period. No required withdrawals at age 70 ½.

Coverdel Education Savings Accounts

Contribute up to $2,000.00 per year to help pay for your children’s future college expenses (ask for an information packet for details). Contributions are not tax deductible. Funds can be withdrawn tax-free for qualified Higher Education Expenses. Dividend rates are fixed for a one-year period.

Savings insured up to $250,000 by the
National Credit Union Administration