INDIVIDUAL RETIREMENT ACCOUNT (IRAs)
Make the most of your money with safe and secure savings options at CSCU. Your deposits are insured up to $250,000 by the NCUA and backed by the full faith and credit of the United States government. Individual Retirement Accounts (IRAs) are insured separately up to an additional $250,000 by NCUA.
To learn more about the Share Insurance Fund or credit unions in general, visit MyCreditUnion.gov and use NCUA's Share Insurance Calculator, designed to help you estimate the insurance coverage on your credit union accounts.
Save for a secure retirement with Traditional or Roth IRAs. CSCU offers IRA savings and share certificate accounts, along with Coverdell Savings Accounts to save for your child's education.
Traditional IRA Features:
- $5 minimum opening deposit for IRA savings account
- A minimum average daily balance of $500 must be maintained to earn dividends
- Minimum opening deposit of $1,000 for IRA certificates
- Contributions may be tax-deductible (check with your tax advisor)
- Tax-deferred dividends are compounded monthly
- See our rates
Roth IRA Features:
- $5 minimum opening deposit for IRA savings account
- A minimum average daily balance of $500 must be maintained to earn dividends
- Minimum opening deposit of $1,000 for IRA certificates
- Distributions are not required
- Dividends are compounded monthly
- See our rates
Coverdell Savings Account Features:
- $5 minimum opening deposit for CSA Share account
- A minimum average daily balance of $500 must be maintained to earn dividends
- Minimum opening deposit of $1,000 for CSA certificates
- Dividends are compounded monthly
- See our rates