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. 

Your IRA account is NCUA insured up to $250,000.00.