Traditional Individual Retirement Account

What is this product/service?
Tax deferred retirement savings account.

Who uses it?
Members under age 70 ½ who have income from compensation, or spouses without compensation who are interested in supplementing retirement income with up to $4000 each per year ($4500 per year if age 50 or older).

Related services?
All Share Products, Checking Products, Members Financial Services, Roth IRA, Education Savings Account (ESA), Certificates

Rates (Click Here)

Fee Schedule (Click Here)

Features
Benefits
Contributions may be tax-deductible Save money by deferring taxes
until withdrawal.
Earnings grow tax-deferred until withdrawn Save money by deferring taxes until withdrawal.
No administrative fees Member saves money.
Withdrawals can be made penalty-free for qualified reasons. CD penalty may apply Peace of mind knowing members have access to their money penalty-free for retirement (age 59 ½), disability, first-time home purchase, etc.
National Credit Union Share Insurance (NCUSIF) Peace of mind knowing that their retirement funds are fully insured up to $100,000, separate from their other insured share accounts.

Note: For dividend and fee information, please refer to the "Rate & Fee Schedule"