An Individual Retirement Account (IRA) can help your retirement savings grow by allowing earnings to compound tax deferred until you withdraw them.

The Credit Union offers a Traditional Individual Retirement Account (IRA).   To open an IRA, you must contribute (deposit) $500.00 or rollover another retirement account to a Credit Union IRA.

Your IRA is tax deferred and will earn  higher dividends than your Share Savings Account.  You will earn a quarterly dividend based on your average daily balance.  All IRAs are federally regulated, therefore you may contribute up to $5,000.00 per tax year*.  A penalty may be imposed for early withdrawal.

You are eligible to make catch-up contributions if you meet the eligibility requirements for regular contributions and you attain age 50 by the end of the taxable year for which a catch-up contribution is being made.  Contact a Member Service Representative at (361) 985-6277 for more information. 

*Restrictions Apply