IRA & Deferred Compensation

Save for the next chapter in your life with some great tax benefits.1

 

Traditional IRA

Contributions to Traditional IRAs are tax deductible for eligible individuals, and taxes are deferred on the contributions and dividends earned until withdrawal. There are no fees or handling charges to maintain your IRA accounts, so you’ll enjoy even higher returns on your investments.
 

Roth IRA

The Roth IRA is a nondeductible IRA, but your earnings grow tax free in most cases, and qualified distributions are tax and penalty free. 
 

SEP IRA

The SEP IRA allows a self-employed individual to contribute potentially larger amounts to an IRA. Contribution limits are based upon the net business income and may be deductible as a business expense.

1 Please consult a tax advisor for more information regarding tax benefits.

Families can use the Education IRA to save for a child's education. 

Begin your child’s education with a Coverdell Education IRA to help pay for college expenses. Qualified distributions are tax and penalty free.

Deferred Compensation

This tax-deferred savings plan is for eligible employees of participating school districts. The taxes on your deposits and earned dividends are usually deferred until you withdraw your funds. There are no sales fees if you select Credit Union investments, so you’ll enjoy higher returns on your investments. There is an early withdrawal penalty for certificates withdrawn before the maturity date for a reason other than a hardship withdrawal or an approved benefit election request. Sales fees may apply with the purchase of mutual funds.

Advantages for Using Digital Wallet Services.

Advantages for Using Digital Wallet Services.

They're quick, secure and easy.

Read

Building a Nest Egg

Building a Nest Egg

Tips to build your savings and keep it there.

Read

Buying a vehicle?

Buying a vehicle?

What you need to know to make a smart car-buying decision.

Read

CO-OP Network of ATMs

CO-OP Network of ATMs

FEE-FREE access to more than 30,000 ATMs.

Read

Choosing the Right RV

Choosing the Right RV

Everything you need to know.

Read

Consolidate & Save

Consolidate & Save

Read these tips before you plan your next vacation.

Read

Fraud Prevention & Shopping Tips

Fraud Prevention & Shopping Tips

Keep your identity and purchases safe.

Read

Home Buying Tips

Home Buying Tips

Read these tips before you begin your journey to home ownership.

Read

How to Afford College

How to Afford College

It's never too soon to start planning for college expenses.

Read

Retirement Advice

Retirement Advice

Easing into your next chapter.

Read

Safeguard Your Finances

Safeguard Your Finances

Beware of common pitfalls and scams.

Read

Safety at the ATM

Safety at the ATM

Practice ATM and debit card safety.

Read

Teens & Saving

Teens & Saving

What they need to know to promote healthy saving habits.

Read

The Benefits of Credit Union Membership

The Benefits of Credit Union Membership

What you should know.

Read

Tips for Successful Budgeting

Tips for Successful Budgeting

It's not fun, but it's necessary.

Read

Top-3 Home Improvements

Top-3 Home Improvements

Make the most of your equity with the top improvements in our area.

Read

Top-5 Reasons to Go Paperless

Top-5 Reasons to Go Paperless

Less paper gives you more.

Read

Top-3 Reasons to Use Mobile Banking

Top-3 Reasons to Use Mobile Banking

Secure, fast & FREE

Read

Travel Tips

Travel Tips

Read this article before planning your next vacation.

Read