Individual Retirement Accounts

IRAs allow you to make tax-deferred investments to provide financial security when you retire.

Types of IRAs

  • Traditional IRA is a tax-advantaged personal savings plan where contributions may be tax deductible.
  • Roth IRA is a tax-advantaged personal savings plan where contributions are not deductible but qualified distributions may be tax free.
  • Payroll Deduction IRA plan is set up by an employer. Employees make contributions by payroll deduction to an IRA (Traditional or a Roth IRA) they establish with a financial institution.
  • SEP is a Simplified Employee Pension plan set up by an employer. Contributions are made by the employer directly to an IRA set up for each employee.
  • SIMPLE IRA plan is a Savings Incentive Match Plan for Employees set up by an employer. Under a SIMPLE IRA plan, employees may choose to make salary reduction contributions, and the employer makes matching or nonelective contributions.
  • SARSEP – the Salary Reduction Simplified Employee Pension Plan – is a type of SEP set up by an employer before 1997 that includes a salary reduction arrangement.

Call the credit union for more details about IRAs.

Annual Meeting

All members are invited to attend our 2024 Annual Meeting! This is a hybrid event held on Microsoft Teams and in-person.

Loans

*APR as low as, ask for details. All rates are dependent on your credit rating.