You must be an eligible credit union member who is also a wage earner or a non-working spouse.

You must meet income guidelines in order to contribute to a Roth IRA.

You’ll pay no annual maintenance fee. There is however, a $50.00 fee if an IRA Money Market Savings Account is closed within 90 days of opening. This fee does not apply when a member is withdrawing the money to move it to a certificate or other IRA investment within the credit union.

You have seven (7) calendar days after receiving the disclosure statement to close your account without a penalty. If you close your Roth IRA during the month, no dividends will be paid for that month.

Roth IRA funds may not be used as security on a loan.

You have the choice of a savings Roth IRA account (dividends are computed and deposited monthly) or one or more certificate Roth IRA investments. Either way, you’ll earn the highest market rates available.

Saving is easy when you use payroll deduction, direct deposit, or automatic transfers. You can also mail your deposits.

You may deposit up to $6,000.00 annually (no more than $3,000.00 per account) per working couple. A non-working spouse may also contribute up to 3,000.00.

You may contribute to a roll-over IRA within 60 days of receiving funds from another Roth IRA in order to continue tax savings.

Contributions may be made in any amounts up to this maximum at any time before April 15 th (or the tax return deadline) for the previous year.

You may contribute to your account after the age of 70 ½.

You're allowed to make catch-up contributions if you’re over 50 years old.

You'll pay no annual maintenance fee on this investment and quarterly statements will allow you to monitor your earnings.

Your funds are safe--they're insured by NCUA to at least $100,000 (for combined savings, checking and certificate deposits) and an additional $250,000 for your IRA..