ECU offers "Worry Free" IRAs allowing you to start saving for your retirement with a $50 minimum balance. We call them Worry Free because you will never be charged an annual fee for administration of your IRA and your IRA will NOT lose value.  You can choose to invest your IRA funds into an ECU certificate or high-yield share account, either way your funds are also NCUA insured up to $250,000.  Whether your financial goals involve saving for a child’s college, your own retirement, or both, ECU has many options to help you get started. (IRS limits may apply)

Worry Free Because

• No annual fees for administration of your IRA, Roth IRA, or ESA
• Your funds are NOT invested into the volatile stock market
• Funds are insured up to $250,000 by NCUA
• Choose to invest into a share account or any ECU certificate
  

Traditional IRA – invest up to $4,000 per year
Contributions to a Traditional IRA are tax deductible, but DO NOT allow you to make tax – free withdrawals, including earnings. For more information about Traditional IRA limits visit the Internal Revenue Service website at: http://www.irs.gov/publications/p590/ch02.html

Roth IRA – invest up to $4,000 per year
Contributions to a Roth IRA are NOT tax deductible, but can allow you to make tax – free withdrawals, including earnings. For more information about Roth IRA limits visit the Internal Revenue Service website at:http://www.irs.gov/publications/p590/ch02.html

Coverdell ESA (Education Savings account) – invest up to $2,000 per year
Contributions to a Coverdell ESA are NOT tax deductible but can allow you to make tax – free withdrawals, including earnings, for qualified higher-education expenses. For more information about the Coverdell ESA program visit the Internal Revenue Service website at: http://www.irs.gov/publications/p970/ch07.html

IRA & ESA Investment Options

Share Account

• Earn higher dividends than a typical share account
• Dividends paid monthly on balances over $50.00
• Open an account with a $50 deposit

Share Certificate

• Invest in any ECU certificate term 
• Current Share Certificate Rate