IRA Plans

Save for Retirement with an IRA

  • Consider an IRA as a tax-advantaged way to save for retirement while earning a competitive yield.
  • Rest assured your IRA retirement funds are safe and insured separately up to $250,000 by the NCUA.
  • Build your IRA with low minimum deposits of $100. Or with a minimum of $2,500, open a one-year IRA Share Certificate for a higher rate of return.
  • Choose a Traditional IRA for the following benefits:
    • Reduce your current taxable income, with the possibility of tax-deductible contributions.
    • Accumulate earnings tax-deferred until withdrawn.
    • Pay no penalty for qualified distributions such as a first-time home purchase (up to $10,000 lifetime limit), higher education or certain medical expenses.
  • Select the Roth IRA for these advantages:
    • Make after-tax contributions and withdraw them at any time without paying federal taxes or penalties.
    • Defer taxes on earnings or make tax free withdrawals of earnings in some circumstances, such as a first home purchase (up to $10,000 lifetime limit).
    • Save tax-free well into your retirement, with no mandatory distributions at age 70 ½.
*Consult a tax professional for tax advice.