We offer Traditional, Roth and Coverdell ESA Individual Retirement Accounts at competitive rates. Our proven track record of financial safety and soundness ensures your money will be there for you when you need it. IRA funds can be invested in a share certificate for a term of 6 months to 66 months. Traditional and Roth IRA funds are insured up to $250,000 by NCUA.
Exceptions to Early Withdrawal Penalties:
At our option, we may pay the account before maturity without imposing an early withdrawal penalty under the following circumstances:
(i) When an account owner dies, or is determined legally incompetent by a court or other body of competent jurisdiction.
(ii) Where the account is an Individual Retirement Account (IRA) and any portion is paid within seven (7) days after the establishment of the IRA; or where the account is a Keogh Plan (Keogh), provided that the depositor forfeits an amount of at least equal to the simple dividends earned in the amount withdrawn; or where the account is an IRA or Keogh and the owner becomes disabled or if the withdrawal is part of a Required Minimum Distribution (RMD) of IRA funds.
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