Certificates and IRAs

Share Certificates

A certificate account earns dividends based on the opening balance and term invested. It allows you to earn higher dividends on larger account balances that are deposited for longer time periods. The minimum balance to open a share certificate is $500.

Your savings are federally insured to at least $250,000 and backed by the full faith and credit of the United States Government, the National Credit Union Administration, a U.S. Government Agency, and up to an additional $250,000 by Excess Share Insurance, for a total of $500,000.

Current Rates



Individual Retirement Accounts (IRA)

Traditional IRAs

A Traditional IRA is a tax favored plan to accumulate retirement funds. Your contributions may be tax deductible and dividend earnings are tax deferred. Anyone under the age of 70 1/2 that has earned income is eligible to open an IRA.

Roth IRAs

A Roth IRA is a retirement account where you pay taxes on the money going into your account, then all future withdrawals are tax free. There are no up-front tax deductions for Roth contributions. Roth distributions are tax-free if done following the correct procedure. You must have earned income to contribute to a Roth IRA, and must meet MAGI limits.

Your savings are federally insured to at least $250,000 and backed by the full faith and credit of the United States Government, the National Credit Union Administration, a U.S. Government Agency, and up to an additional $250,000 by Excess Share Insurance, for a total of $500,000.

IRAs are separately insured to $250,000 by the National Credit Union Administration, a US Government Agency, and an additional $250,000 by Excess Share Insurance, for a total of $500,000.

Current Rates

For more specific information regarding IRAs contact your local branch.



Coverdell ESA

ESA accounts are specifically for children under the age of 18. This type of IRA is a tax-advantaged investment account designed to encourage savings to cover future education expenses. Maximum contributions per year are $2,000.00. Funds can be withdrawn when used for qualified education expenses. All funds from an ESA account must be distributed within 30 days of a beneficiary’s 30th birthday.