• Tax-advantaged retirement savings¹
• Competitive dividends above standard savings rates
  • Compounded daily, paid monthly
• Traditional and Roth IRA options
• No setup fees
• $15 annual maintenance fee
• No minimum deposit to open
• Federally insured to $250,000 by NCUA

Both traditional and Roth IRAs offer unique tax advantages. A Roth IRA, if you are eligible to open, can sometimes provide greater tax relief in the long run. While a traditional IRA typically provides some immediate tax relief as well as upon withdrawal.

Traditional IRA

• No income limits to open
• No minimum contribution requirement
• Contributions are tax deductible on state and federal income tax²
• Earnings are tax deferred until withdrawal (when usually in lower tax bracket)
• Early withdrawals subject to penalty³

Roth IRA

• Income limits to be eligible to open Roth IRA¹
• Contributions are NOT tax deductible
• Earnings are 100% tax free at withdrawal²
• Principal contributions can be withdrawn without penalty²
• Early withdrawals on dividends subject to penalty³
• No mandatory distribution age
• No age limit on making contributions as long as you have earned income

A Coverdell Education Savings Account (formerly called an Education IRA) provides similar tax-free earnings to an IRA. The funds, however, are dedicated to a very specific purpose — a child's future education expenses.

• Set aside funds for your child's education
• No setup fee
• $15 annual fee
• Dividends grow tax-free
• Withdrawals are tax-free and penalty-free when used for qualified education expenses⁴
• Designated beneficiary must be under 18 when contributions are made
• To contribute to an ESA, certain income limits apply⁵
• Contributions are not tax deductible
• The money must be withdrawn by the time he or she turns 30⁶
• The ESA may be transferred without penalty to another member of the family
• $25 minimum deposit to open