Share Certificates
Investing in Share Certificates, commonly known as "CDs" or certificates of deposits will prove to be a safe and smart decision. Dividends for share certificates are paid and compounded monthly yielding a higher rate than a regular share account. Share Certificates are available for terms of 90 days to 60 months with a minimum deposit of $1000. All Share Certificates are insured by the NCUA for up to $250,000 and can be used as collateral for credit union loans. For a list of terms and annual percentage yields, click here.

IRA Certificates
Individual Retirement Accounts, or IRAs, are personal savings plans that allow you to keep more money for yourself and pay less to Uncle Sam. Your credit union offers both Roth and Traditional IRA certificates. For a list of annual percentage yields, click here.

IRA Certificates are 12-month instruments with dividends paid monthly on a minimum deposit of $500. Dividends left on deposit will compound monthly. For your convenience, contributions of any amount can be made through payroll deduction, by mail or in person, provided they do not exceed the federal requirements for maximum yearly contributions.
The Traditional IRA offers a possible tax deduction, while regular contributions from a Roth IRA can be withdrawn tax-free and penalty-free at any time. Can't decide which IRA works best for you? Click here to compare your IRA options.

IRA Shares
Consider an IRA Share Account for initial deposits of less than $500. IRA Share Accounts have no tem commitment so there's never a credit union penalty for early withdrawal. Dividends are paid quarterly and your choice of a Roth or Traditional or both IRAs remain.

Aggregate IRA account balances are insured by the NCUA for up to $250,000. This coverage is separate from the insurance on the member's other accounts at the credit union.

Coverdell Education Savings Accounts
The Coverdell ESA is designed to save for a child's educational expenses. Maximum annual contributions of $2000 per child are non-deductible and can be made by almost anyone whose modifed adjusted gross income falls within guidelines set by the federal government. Unlike state 529 plans, Coverdell ESA can be used to pay for qualified elementary and secondary education expenses. Earnings are tax-deferred and distributions are tax-free if the funds are used to pay for qualified educational expenses.

Not intended as tax advice. Please consult a tax professional.