Details:

A deposit of $25 into this account plus a $1 membership fee is all it takes to become a member. You can add to your Share Savings at any time and are encouraged to use payroll deduction and/or direct deposit. You retain membership privileges by maintaining at least $25 in this account, and dividends are paid on average daily balances of at least $100.

Details:

Individual Retirement Accounts (IRAs) are a great way to save, and setting up payroll deductions to an IRA Savings or IRA CD makes it easy. We offer the following types of IRAs, and they all have Savings and CD options:

Traditional IRA

A traditional IRA (or deductible IRA) is an individual savings plan for anyone who receives taxable compensation, and contributions may be tax-deductible. Earnings in a traditional IRA grow tax-deferred until withdrawal, but they will be taxed when withdrawal begins – and withdrawals must begin by the time the IRA owner reaches age 70½. If these Required Minimum Distributions (RMDs) are not taken at that age, a 50% penalty will be assessed on the amount not distributed. You cannot contribute to a traditional IRA after age 70½. Contribution limit of $6,500 and $7,500 if you are 50 or older.

Roth IRA

A Roth IRA offers you:

• Tax-free compounding

• Tax-free withdrawals if you are older than age 59½ and have owned your account for at least five years

• The potential to make contributions to your IRA after age 70½ without having to take required minimum distributions. While contributions to a Roth IRA are not tax-deductible, a Roth IRA has fewer requirements and limitations regarding withdrawals

• Contribution limit of $5,500 and $6,500 if you are 50 or older

Education IRA

An Education IRA provides a vehicle to help save for a child’s education. Parents, guardians, and even corporations or partnerships can currently make nondeductible contributions totaling up to $2,000 annually into a Coverdell ESA on behalf of a minor. You get tax-free growth and tax-free withdrawals, provided the money is used for education expenses.

Details:

With a minimum deposit of $500, you can lock in above-market rates anywhere from six months to five years. Rates are higher with a minimum deposit of $25,000. Rates may be "stepped-up" once during the term for a nominal fee. Regular and Jumbo CDs are also available as IRAs.

Details:

Open your account with a minimum of $10. Then, deposit whatever you what, whenever you want to. Regular deposits through payroll deduction are a great way to plan for your holiday spending. Just $25 per paycheck will give you $650 by year-end for your shopping needs! Interest is paid at the same rate as the lower tier of share savings, and there is a $10 fee for an early withdrawal. The account will be distributed to you on the first Monday in November.

Details:

For children 14 and younger, we will deposit the first $10 in their account and give them a piggy bank to start their savings. When they return it the first time, we will match up to $10. That's $20 FREE to help your child get started!