IRAs

Plan for the future with accounts designed to help you save for some of life’s biggest events.

An IRA (Individual Retirement Account) is a special type of savings plan that helps you save for retirement or for your child's education. IRAs are secure, require little administration, and are easy to set up. Credit Union 1 offers a number of ways to help you establish funds for the future—something that is important for everyone. With great rates and flexible terms, it is never too late to start saving for tomorrow, today.

Traditional IRA

This account offers the advantage of tax-deductible contributions now, building earnings until you need them, and deferring taxes on your earnings until they are withdrawn. Traditional IRAs are available as a Savings account or CD with a minimum contribution of $1,000.

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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 Within qualifying limits, Roth IRA contributions and earnings may be withdrawn tax-free. Roth IRAs are available as a Savings account or CD with a minimum contribution of $1,000.

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Coverdell Education Savings Account

Formerly known as the Education IRA, the ESA 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. Coverdell Education Savings Accounts are available as a Savings account or CD with a minimum contribution of $1,000.

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