A Credit Union IRA is a retirement savings account that can help you save for your future. Whether you’re just starting your career or you plan on retiring soon, we offer several attractive traditional and Roth IRA options to suit your needs.
A traditional IRA is a tax-deferred retirement savings account funded with before-tax contributions. You’ll pay taxes on your IRA earnings when you withdraw them in retirement, but you may also receive an income tax deduction for some contributions.
Seasons Federal Credit Union offers a traditional IRA and a Roth IRA with competitive rates, easy to understand fees and convenient investment options. Plus, with the added benefit of federal share insurance, you can rest assured that your IRA funds are safe.
Our IRAs are insured up to $250,000 by the National Credit Union Administration (NCUA), an independent U.S. government agency.
Credit Union IRA are different from other retirement accounts because you can make contributions at any time and deposit money in the account without penalty, as long as you meet certain eligibility requirements. The best way to find out if you qualify for an IRA is to speak with your tax advisor and discuss your specific financial situation.
IRAs are a great way to save for your future and may be the perfect option for you and your family. If you have questions about IRAs, or want to open one, visit a Seasons branch and speak with our team.
If you’re saving for your child’s education, an education IRA (also known as a Coverdell ESA) may be the right choice for you. It allows you to save up to $2,000 per year per child and withdrawals are tax-free when used for qualifying education expenses.
We also offer an IRA Money Market Account that combines the benefits of an IRA with the convenience of a money market account. This account pays competitive rates beginning at $100, making it a great choice for your short-term investment needs.
An IRA Money Market is an ideal investment tool for those who are considering retirement planning investments but want to avoid volatility. This high-yield, short-term account pays a competitive dividend rate and is guaranteed to earn at least the same amount as your balance.
You can also take advantage of Genisys Credit Union’s IRA Certificate to earn even higher rates on your savings. Combined with our credit union share insurance, you’re protected for up to $250,000.
A credit union IRA is the right solution for your individual financial needs. You can open an IRA with any amount and make regular contributions through Direct Deposit, by mail or in person.
There are many IRAs to choose from and each offers unique benefits. You can use our IRA Service Center to learn more about the various types of IRAs available and find out which type is right for you.
IRAs are the smart way to save for your retirement or for your child’s education. IRAs are a secure way to save for your future, require little administration and are easy to set up.