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IRA AccountsPlan now to enjoy a comfortable retirement by opening a credit union Individual Retirement Account (IRA) or IRA Certificate.
An IRA allows you to keep more money for yourself and pay less to Uncle Sam.
- Minimum balance as low as $100.00
- Dividends are compounded and paid monthly on IRA Certificates
- Dividends are compounded and paid quarterly on IRA Share Accounts
- Competitive rates
- IRAs and other Retirement Funds are federally insured up to $250,000.00 by the National Credit Union Administration (effective April 1, 2006.)
- Early withdrawal penalties may apply
- Convenient access to your IRA account with the following services: PC Connection-your online banking service and Teller Phone.
The County Federal Credit Union offers various options, each with different advantages:
Traditional IRA
Annual contributions may be tax deductible
Taxes deferred until time of withdrawal
Penalty-free withdrawals for certain qualified reasonsRoth IRA
- Non-deductible contributions
- Earnings are tax free
- Ability to withdraw without penalty if certain conditions are met
Educational IRA
Non-deductible contributions on behalf of a child
Earnings are tax-free
Ability to withdraw without penalty to pay for higher education expensesConsult your tax advisor regarding deductibility, contribution limits and withdrawal requirements.
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