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IRA's

Sit back and relax, or set up on new adventures with the help of an IRA.  You can afford any retirement lifestyle that you choose.


    Traditional IRA 

      You deserve the retirement of your dreams.  It's never too early or too late to open a Traditional IRA.  We'll guide you.

      After years of hard work and planning, your retirement should offer you the relaxation and financial security you've always dreamed about.  Individual Retirement Accounts (IRAs) provide more opportunities for investing your retirement money.

      Traditional IRA Changes Due to the SECURE Act

      The Secure Act  went into effect January 1st, 2020, and with it came sweeping changes to Traditional IRAs.  The SECURE Act – or Setting Every Community Up for Retirement Enhancement – primarily makes changes to contribution ages and Required Minimum Distributions, commonly referred to as RMDs.

      How the law changes Required Minimum Distributions for Traditional IRAs

      Under previous law, you had to begin taking your RMD at 70 ½. The SECURE Act raises this requirement age to 72.

      How the law changes contributions for Traditional IRAs

      For the taxable year 2021 and beyond, the law removes the age limit at which an individual can contribute to an IRA.  The Act allows anyone that is working and has earned compensation to contribute to a Traditional IRA – regardless of age.

      Note that you must be employed during the year of the contribution.  If you are retired, you may not make Traditional IRA contributions.

      • Anyone can contribute up to $6,000 per year ($7,000 if you are over age 50), as long as they have earned income.
      • As always, it is best to consult your tax advisor to determine which IRA option is best for you.
      • We offer IRA Account and IRA Share Certificates

      Our Investment calculators are a great resource to get started.  Ready to open an Traditional IRA?

      Funds are NCUA Federally Insured up to $250,000


      Enroll Online With Our Virtual Branch Application

      For the best experience, use the most recent versions available for browsers such as Mozilla Firefox, Microsoft Edge, Microsoft Internet Explorer 11 or Google Chrome. Members that try to log in without a compatible browser might be redirected to a website to download a new version of the browser.

      Roth IRA

      The ROTH IRA is a tax-advantaged account you can use to save for retirement outside of an employer-sponsored plan.

      This IRA offers more flexibility than a Traditional IRA around how and when money can be withdrawn. 

      The tax benefit of a Roth IRA is that withdrawals you make in retirement are not taxed.  It may be best for you if you expect to be in a higher tax bracket when you retire.  

      What you need to know:

      • Watch your savings grow tax-free
      • Make contributions until any age, as long as you have earned income
      • Annual contribution limit for someone under age 50 is $6,000 (over age 50 $7,000).
      • Penalty-free withdrawals after 5 years
      • Earnings are tax-deferred and withdrawals are tax free if the account is open for 5 tax years and withdrawals are for a qualified reason (ie. age 59 1/2, disability, death, or a first-time home purchase)
      • Withdrawals can be made IRS penalty and tax-free after five years and age 59½ 
      • No required distribution at age 72 or in your lifetime.

      We offer IRA Account and IRA Share Certificates

      As always, it is best to consult with your tax advisor to determine which IRA option is best for you.

      Funds are NCUA Federally Insured up to $250,000


      Enroll Online With Our Virtual Branch Application

      For the best experience, use the most recent versions available for browsers such as Mozilla Firefox, Microsoft Edge, Microsoft Internet Explorer 11 or Google Chrome. Members that try to log in without a compatible browser might be redirected to a website to download a new version of the browser.

      Coverdell Educational IRA

      It's not only an education.  It's their future!

      The Coverdell Education Savings Account, or Education IRA, is a flexible account designed to offset growing educational expenses.  If your child is under 18 years, everyone can contribute to the account.  Share this account with grandparents, aunts, uncles, and other family members.  A Coverdell Education Savings Account (ESA) is the perfect tool for saving money to pay for a child’s educational expenses – from kindergarten through college.  A Coverdell ESA provides tax-free safe place to grow competitive dividends and also financial confidence for a new stage in life.

      Though contributions to a Coverdell ESA aren't deductible, the amounts in the account grow tax free.

      Distributions are tax free as long as they are used for qualified educational expenses such as: 

        • Tuition and Fees
        • Books for class
        • Room and Board
        • Computers

        Not only can distributions be used for higher education, it can also be used for qualified elementary and secondary schools.

        Key points to keep in mind

        • $2,000 maximum annual contribution per child (up to age 18)
        • Students can use money any time before age 30

        As always, it is best to consult with your tax advisor to determine which IRA or ESA option is best for you.

        Funds are NCUA Federally Insured up to $250,000


        Enroll Online With Our Virtual Branch Application

        For the best experience, use the most recent versions available for browsers such as Mozilla Firefox, Microsoft Edge, Microsoft Internet Explorer 11 or Google Chrome. Members that try to log in without a compatible browser might be redirected to a website to download a new version of the browser.