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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:
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 Within qualifying limits, Roth IRA contributions and earnings may be withdrawn tax-free.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.
Copyright © 2008, All Rights Reserved | Credit Union 1, 200 East Champaign Avenue, Rantoul, IL 61866