Individual Retirement Accounts (IRA’s)

IRA’s are an excellent way to plan for the future. In many cases your funds are tax deductible, and dividends earned are tax deferred.* You can open an IRA at any time. Deposits may be made to an existing IRA for the previous year until April 15th.

We offer Traditional, Education, SEP, Roth Conversion and Roth Accumulation IRA accounts. Stop in and ask one of our knowledgable Member Service Representatives how to begin saving for your future today!

We currently charge no fees on IRA’s. You may withdraw funds from your IRA at any time; however, early withdrawal penalties apply.

All type IRA’s dividends are calculated by the daily balance method, which applies a daily periodic rate to the balance in the account each day. Dividends are compounded daily and paid quarterly on the last day of the quarter. Withdrawals made before quarter end will not receive a dividend.

* Consult the IRS or your tax advisor for specific guidelines.