Individual Retirement Accounts 

Watch your money grow tax-free and take withdrawals without penalty

• Start saving for retirement at any age, as long as you have earned income
• Contribute up to $7,000 per year ($8,000 if you are over age 50)
• Yearly contributions may not be deductible, but you can make withdrawals tax-free
• Begin making withdrawals after age 59½ and after five years of having an active Roth IRA
• Certificate option available
• No required minimum distribution
• Funds insured up to $250,000 by the National Credit Union Administration

Delay tax benefits until you need them with a Roth IRA

• Contribute up to $7,000 per year ($8,000 if you are over age 50)
• Contributions and earnings grow tax-deferred, which can lower your taxable income.
• You can withdraw money penalty-free for certain expenses, such as a first home purchase, medical, or college expenses.
• Deduct all or part of your contribution from your federal taxes if you meet IRS income limits
• No income limits – if you have earned income, you can contribute to a traditional IRA, as well as your 401K.
• Certificate option available
• Funds are insured up to $250,000 by the National Credit Union Administration

Save for the young people in your life. 

• Annual contribution limits per beneficiary is $2,000.
• Save up to $2,000 a year for education costs.
• Any friend or family member can contribute to student's account.
• No annual tax deductions, but funds grow tax-free, and withdrawals are tax-free.
• Students can use money at any time before age 30.
• Use the funds for private elementary and secondary school tuition as well as higher education.
• Funds are insured up to $250,000 by the National Credit Union Administration
• Certificate option available