Money Markets & IRA

Money Market Accounts
This is a tiered rate account paying a higher dividend rate and yield on higher balances. The more you save, the more you earn. The money earns dividends from the day of deposit to the day of withdrawal.

• Dividends compound and pay monthly on balances of $2,000 and above
• No fees to maintain the account and no withdrawal fees*
• Accessible through CU*Talk, and It's Me 247 Home Banking
• Federally insured by the National Credit Union Administration (NCUA) and privately insured by Excess Share Insurance Corporation (ESI)

*For an account to be classified as a savings account (regular share and money market accounts), financial institutions must restrict transfers and third party withdrawals from the account to six (6) per month.

Current Rates

Platinum Money Market Accounts
This account is for balances of $25,000 or more, earning a higher interest rate, while having accessibility to funds if needed. The money earns dividends from the day of deposit to the day of withdrawal.

• Dividends compound and pay monthly
• No fees to maintain the account and no withdrawal fees*
• Accessible through CU*Talk, and It's Me 247 Home Banking
• Federally insured by the National Credit Union Administration (NCUA) and privately insured by Excess Share Insurance Corporation (ESI)

*For an account to be classified as a savings account (regular share and money market accounts), financial institutions must restrict transfers and third party withdrawals from the account to six (6) per month.

Current Rates

IRA - Individual Retirement Accounts
An IRA is a deposit account that provides security for the future and serves to compliment a fixed income after retirement. IRA deposits are limited to a qualifying amount annually. Consult a tax advisor for the type of IRA that meets your needs and any deductibility potential.

• We offer both a savings and a certificate IRA
• Dividends compound and pay monthly
• Build towards a certificate IRA by depositing as little as $10 to an IRA savings
• Federally insured by the National Credit Union Administration (NCUA) and privately insured by Excess Share Insurance Corporation (ESI)

Roth IRA - Individual Retirement Accounts
Savings or Certificate

A Roth Individual Retirement Account (IRA) is a savings plan developed by the Federal Government to help people supplement their retirement income. Anyone who meets the income qualifications can make regular contributions to a Roth IRA.

Unlike traditional IRAs, contributions to Roth IRA are never tax-deductible. However, all withdrawals after age 59 ½ are tax-free, so long as the Roth has been open for five years. A member can also withdraw everything except the account’s investment earnings, before age 59 1⁄2, and avoid all taxes and penalties.

The dividends compound and pay monthly and are computed using the daily balance method on IRA savings and certificates.

Product Features and Benefits

• IRA owner must earn compensation during the year for which the contribution is being made, or he/she must file a joint federal income tax return with a spouse who earns compensation during the year (spousal contribution). Spouse can have an IRA even if they did not earn compensation.
• You can continue to contribute as long as you earn qualifying compensation. You are not required to stop contributing at any age.
• Owners age 50 or older can make catch-up contributions to a Roth IRA. Allows those savers who started late to build balances quicker.
• You can withdraw most contributions without paying income tax at any time. The dollars you deposited are considered to come from your already-taxed contributions first.
• Choice of either savings or certificate IRA. Select which meets their individual needs.
• IRA savings can be opened with $10. Allows member to start an IRA and build towards a certificate IRA.