Certificates / IRAs
Certificates of Deposit
Choose the term and interest rate that's best for you!
- Many terms to choose from.
- Interest is compounded at the end of the term, or annually if term is longer than 12 months.
- Receive quarterly statements.
- Interest rates vary. Penalties for early withdrawal.
- Minimum deposits are required.
Market Index Certificate
With the Market Index Certificate, you can have an investment that gives you the chance to earn stock market-like returns without losing a penny of your deposit.
Earnings for the Market Index Certificate are determined based upon a percentage of the Dow Jones Industrial Average over a specified term.
- NCUA Insured
- No Risk to Principal
- Opportunity for Higher Earnings
- No Sales or Management Fee
- Taxes, may apply if not a qualified investment
Market Index Certificates may be used for IRA investments.
Health Savings Accounts (HSA)
A Health Savings Account gives you more flexibility and control over your health care costs. That's because it empowers you to make your own health care decisions.- Use pre-tax dollars to pay for future medical expenses
- To open an HSA, you must select a high-deductible health plan
- The balance in your HSA at the end of the year is carried over to the next year
- Protection from catastrophic medical costs
- An HSA enables you to take control of your health care decisions
Please check with a tax professional when planning to open a HSA.
Traditional IRA
A safe, easy retirement planning account with a great interest rate!
- No enrollment fee.
- Member can choose from an IRA share account or a variety of certificate options.
- You can receive an up-front tax deduction of up to $4,000 of annual contributions, if you qualify.
- And all investment earnings on your IRA may be tax-deferred--that is, tax is only due when you receive distributions from the account.
Please check with your tax adviser when planning to invest in an IRA.
Roth IRA
The Roth IRA allows you to make annual non-deductible contribution of up to $4,000 annually. However, this amount is reduced by contributions made to your traditional IRAs.
Although you cannot claim a tax deduction, you can withdraw your contributions tax- and penalty-free at any time.
After the account is open five tax years, earnings can be withdrawn tax- and penalty-free for any of these reasons: age 59 1/2, disability, death, or a first-time home purchase up to a lifetime limit of $10,000
Please check with your tax adviser when planning to invest in an IRA.
Coverdell Education Savings Account
A new and better way to save for a child's educational expenses.
- Up to $2000 in non-deductible contributions per child can be made each year, until that child reaches age 18.
- Withdrawals for certain qualified education expenses are tax-free.
- Qualified education expenses may include tuition, fees, books, computer equipment and technology required for elementary, secondary and post-secondary education.
Please check with your tax adviser when planning to invest in a Coverdell Education Savings Account.