IRA Accounts

There are contribution limits and features unique to each type of account. Please feel free to contact your local member service representative for more guidance about which account is right for you.



  • Income limits have been raised so more people can make tax-deductible contributions.
  • Taxes on earning are deferred until withdrawal
  • Tax-deferred compounding of earnings may reduce your tax bill each year
  • Qualified distributions are penalty free for a first-time home purchase and higher education expenses
  • Yearly Contribution Limit: $6,000.00 ($7,000 if over 50 years old)


  • Contributions are made with after tax dollars and may be withdrawn at any time
  • Earnings may be withdrawn tax-free and penalty free under a variety of conditions
  • There are no required minimum distributions
  • Contributions are allowed after 70 1/2
  • Yearly Contribution Limit: $6,000.00 ($7,000 if over 50 years old)


  • An educational savings account can be a great way to invest money to help pay for your child’s college education. Although contributions to an ESA are not tax-deductible, your withdrawals (including earnings) are tax-free if used for tuition, books, and other qualified higher-education expenses.
  • Yearly Contribution Limit: $2,000.00

Term Certificates:

  • For both the Traditional and Roth IRAs the Credit Union offers term certificates which pay higher dividends.

Deposit Rates

Effective: 5-06-2020
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IRA (Individual Retirement Account) Dividend Rate APY
$100.00 - $2,499.99 0.10 0.11
$2,500.00 - $9,999.99 0.10 0.11
$10,000.00 and up 0.10 0.11
IRA certificates are available at standard certificate Rates

APY refers to Annual Percentage Yield
All rates are subject to change without notice.
Interest accrues daily.