IRA

We’ll make it easy to set up an Individual Retirement Account (IRA).

An Individual Retirement Account (IRA) is a personal retirement savings plan available to anyone who receives taxable income during the year. IRAs bring together two tremendously powerful benefits—compound interest and tax savings. IRA accounts are federally insured by the National Credit Union Administration at an additional $250,000 above the $250,000 of insurance on other deposits at the credit union.

The right IRA depends upon your return expectations and timeframe for investing. Traditional or Roth? Learn more about the differences, contribution limits and more. A Community Resource FCU team member can assist you in selecting the best IRA investment option, or consult with your tax advisor for advice.

Contact a Financial Services Representative to get started on your future.

	IRA Share Account	IRA Share Certificate	HSA’s
Rates	Tiered rate structure, earn a higher rate on higher balances See Rates	Use any of our Certificate rates and terms See Rates	A Health Savings Account (HSA) is a type of personal savings account that helps those with qualified high-deductible health plans (HDHPs) save money on many out-of-pocket medical expenses like doctor visits, vision and dental care, and prescriptions.
Benefits	High rate of return Funds can be withdrawn at any time (see account limits) No administration fees	Higher rate of return, based on term selected No administration fees	How much money to save in your account (up to the IRS contribution limit) Which qualified medical expenses to pay with your HSA

IRA Share Account

IRA Share Certificate

HSA’s

Rates

Tiered rate structure, earn a higher rate on higher balances

See Rates

Use any of our Certificate rates and terms

See Rates

A Health Savings Account (HSA) is a type of personal savings account that helps those with qualified high-deductible health plans (HDHPs) save money on many out-of-pocket medical expenses like doctor visits, vision and dental care, and prescriptions.

Benefits

High rate of return
Funds can be withdrawn at any time (see account limits)
No administration fees

Higher rate of return, based on term selected
No administration fees

How much money to save in your account (up to the IRS contribution limit)
Which qualified medical expenses to pay with your HSA

Funds cannot be withdrawn from IRAs until the owner is 59 ½ years old without penalty. At 70 ½ years old you must start taking funds. This is called required minimal distribution (RMD).