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Retirement, Education & Health Savings Accounts

Plan now to enjoy a comfortable retirement by opening a credit union Individual Retirement Account (IRA) or IRA Certificate.

View our latest Rates.

 

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 Traditional and Roth IRA Certificates
  • Dividends are compounded and paid quarterly on Traditional and Roth IRA Share Accounts
  • Competitive rates
  • IRAs and other Retirement Funds are federally insured up to $250,000.00 by the National Credit Union Administration
  • Early withdrawal penalties may apply
  • Access your IRA account information with the following services: Online Banking-your online banking service and iTalk

The County Federal Credit Union offers various options, each with different advantages:

Traditional IRA

  • Annual contributions may be tax deductible
  • Taxes deferred until the time of withdrawal
  • Penalty-free withdrawals for certain qualified reasons
    Consult your tax advisor regarding deductibility, contribution limits and withdrawal requirements.

Roth IRA

  • Non-deductible contributions
  • Earnings are tax free
  • Ability to withdraw without penalty if certain conditions are met
    Consult your tax advisor regarding deductibility, contribution limits and withdrawal requirements.

Coverdell Educational Savings Account (ESA)

  • Minimum balance as low as $100.00
  • Dividends are compounded and paid monthly on ESA Certificates
  • Dividends are compounded and paid quarterly on ESA Club Accounts
  • Competitive Rates
  • Non-deductible contributions on behalf of a child
  • Earnings are tax-free
  • Ability to withdraw without penalty to pay for qualified education expenses
  • Early withdrawal penalties may apply
    Consult your tax advisor regarding deductibility, contribution limits and withdrawal requirements.

Health Savings Account (HSA)

When you need help paying for medical expenses or members with a high-deductible insurance plan.

The County Federal Credit Union’s Health Savings Account is easy to use and gives you many added benefits without added fees.

  • No minimum balance required
  • No monthly service fee and no per-check fee
  • VISA Debit Cards available
  • SURF (Surcharge Free) network
  • iTalk
  • Online Banking
  • CU e-Statements
  • Direct Deposit
  • Convenient monthly statements
  • Dividends are compounded and paid quarterly on share draft/checking accounts on balances above $ 2,500.00
  • Competitive Rates
  • Funds are federally insured up to at least $250,000.00 by the National Credit Union Administration
    Consult your tax advisor regarding deductibility, contribution limits and withdrawal requirements.