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Holiday Closure: Our corporate office, call center, and branches will be closed Monday, February 16, in observance of Presidents Day. We look forward to serving you during regularly scheduled hours on Tuesday, February 17.

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
Call (210) 442-0100
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