To assist members with financing their retirement or children's educations, we offer the Traditional and Roth IRA, as well as Coverdell Education Savings Accounts.
- Minimum balance for these accounts is $100.00
- Maximum individual annual contribution is $5,000
- Members age 50 or more may contribute up to $6,000 annually
- Penalties apply on withdrawals before age 59 1/2
- Mandatory distributions start at age 70 1/2
- Your IRA is federally insured up to $250,000 by NCUA