• No Income Limits: Open without income restrictions. 

• Tax Deductible Contributions: Contributions are deductible on state and federal income taxes.

• Tax Deferred Earnings: Earnings are tax-deferred until withdrawal, typically when in a lower tax bracket. 

• Withdrawal Age: Begin withdrawals at age 59½. 

• Early Withdrawal Penalties: Penalties apply for early withdrawals, with some exceptions.

• Mandatory Withdrawals: Required starting at age 70½. 

• Income Limits: Eligibility requires meeting specific income limits.
• Non-Deductible Contributions: Contributions are not tax-deductible.
• Tax-Free Earnings: Earnings are 100% tax-free at withdrawal.
• Penalty-Free Principal Withdrawals: Withdraw principal contributions anytime without penalty.
• Interest Withdrawals: Access interest earnings starting at age 59½, with early withdrawals subject to penalties.
• No Mandatory Distributions: No required minimum distributions at any age.
• Ongoing Contributions: Continue contributing as long as you have earned income.

• Tax-Advantaged Savings: Prepare for retirement with tax benefits and competitive dividends on balances of $500 or more.
• High Returns: Earn higher than standard savings rates, with dividends compounded and credited monthly.
• Flexible Options: Choose between Traditional and Roth IRA accounts to align with your retirement goals.**
• No Fees: Enjoy no setup fees, and no monthly or annual maintenance fees.
• Contribution Limits: Adhere to annual contribution limits (see current limits; $6,000 as of 2019), with an additional $1,000 "catch-up" contribution allowed for those aged 50 and over.
• CD Purchases: Funds can be used to purchase CDs within the IRA.
• Early Withdrawal Penalties: Be aware that early withdrawals may incur penalties.

1. Subject to some minimal conditions. Consult a tax advisor.

2. Certain exceptions apply, such as healthcare, purchasing first home, etc.

3. Consult a tax advisor.

**Subject to credit approval. Some IRAs are insured up to $250,000 by the NCUSIF. Talk to your tax advisor and see which IRA is best suited for your financial future.

Early Withdrawal Penalties

If you request us to pay any portion of a Certificate Account or IRA Certificate Account, except for earned dividends, before the date the Account matures, and we consent to the early withdrawal request for any reason, you shall incur a penalty unless, we waive the penalty, at our full and complete discretion, and one of the following circumstances exist:

• Death
• Mental incompetency
• Where the account is an IRA and any portion is paid within seven (7) days after establishment
• Where the account is an IRA Certificate Account and the owner attains age 59½ or becomes disabled

For Certificate Accounts and IRA Certificate Accounts, the amount of the penalty is ninety (90) days of dividends earned for Certificates with terms of less than or equal to one (1) year. The amount of penalty is one-hundred eighty (180) days of dividends earned for Certificates with terms of more than one (1) year. To the extent necessary to comply with these penalty provisions, deductions shall be made from the amount withdrawn or the remaining certificate balance. If the amount withdrawn or the penalty reduces the balance below the minimum balance for this type of certificate, then the Certificate Account or IRA Certificate Account must be closed.

See our account fees and disclosures (PDF).