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Individual Retirement Account
If you want to save for your retirement or your child's education, an IRA at Credit Union 1 is the smart way to invest. Plus, with our great rates and flexible terms, it is never too late to start saving for your future. All accounts offer:
Former President Bush signs new legislation. No requirement for "Required Minimum Distributions" for 2009 IRA's. Click here for additional information. Choose from the following options (Please consult your tax advisor about your particular situation):
Roth IRA. A Roth IRA offers flexibility by allowing you to pay taxes now and reap the benefits in the future. Within qualifying limits, Roth IRA contributions and earnings may be withdrawn tax-free. Minimum contribution is $1,000. Coverdell Education Savings Account. Formerly known as the Education IRA, the Coverdell account is perfect if you want to start saving for your child's education. You can contribute up to $2,000 per year to help pay for your child or grandchild's qualified educational expenses, tax-free. Minimum contribution is $1,000. |
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Your share deposits are insured to $250,000 per account. This institution is not federally insured. |
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Copyright © 2008 - 2012, All Rights Reserved | Credit Union 1, 200 East Champaign Avenue, Rantoul, IL 61866