Individual Retirement Accounts (IRAs)

Ensure a brighter future for yourself by looking into one of our IRA accounts.

Choose from either a Traditional, Educational, or Roth IRA.

General Information

$7,000 per year is the maximum individual contribution
If an individual is age 50 or older, the maximum contribution amount is $8,000.00. This includes the $1,000.00 “catch-up” contribution
Penalties will apply on early withdrawals (before age 59 ½)
Required minimum distribution must start at age 73 (Your required minimum distribution is the minimum amount you must withdraw from your account each year)
Members will receive a quarterly statement (if no checking account)
Dividends are paid monthly
IRA Savings CANNOT be used as collateral for a loan
Same IRA regulations apply to IRA Savings as to IRA CD
Ascensus is our IRA administrator

Product Information

Possible tax-deductible contributions
Possible tax deferred dividend
Dividends compound monthly
Periodic contributions for all accounts
Earliest retirement age for redemption is 59 ½
No required contribution
Premature distribution penalty applies if under age 59 ½
Invest in an IRA Savings Account with as little as $5.00

NCUA Insurance Coverage Booklet – Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government.

Individual Retirement Accounts (IRAs)

Ensure a brighter future for yourself by looking into one of our IRA accounts.

General Information

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