Share Certificates (Similar to CD’s)
Maybe you’re saving for a down payment on your dream house or planning for your child’s education. Whatever your long-term goal, an IFCU fixed-rate certificate can help you reach it. You can open an IFCU Share Certificate with as little as $500 and choose from a variety of terms in order to meet your needs. Your IFCU Share Certificate earns competitive rates. You can have your dividends transferred into your IFCU checking or savings account or allow the dividends to accumulate, creating even greater returns.

Individual Retirement Accounts
A secure retirement is something we all hope for. You can begin securing your future by investing in an IRA today. An IRA is a retirement savings plan available to anyone under 70 ½ years of age with earned income. Using an IRA may allow you to defer taxes on contributions and the dividends they earn until you withdraw the funds, usually after age 59 ½. In some cases, your contributions may even be tax-deductible. Ask your tax advisor for full details.

Your IFCU IRA earns competitive dividends and has absolutely no initiation or maintenance fee. Plus, your IRA is insured up to $250,000 by the NCUA. This insurance is in addition to the $100,000 provided for your other IFCU savings accounts.

Traditional IRA’s
Traditional IRA’s have a $25 minimum balance and earn competitive rates that are paid monthly. You can make deposits to a Traditional IRA in lump sums, periodic payments or through Payroll Deduction. Ask you tax advisor for information on limits and details.

Roth IRA’s
This most flexible of IRA’s is funded solely by after-tax contributions. These contributions may be withdrawn at any time for any reason. It offers the possibility of tax-free earnings (consult your tax advisor regarding restrictions) and increased compounding. Many individuals who never qualified for Traditional IRAs can take advantage of this special IRA.

Coverdell Education Savings Account (Education IRA’s)
Saving for your children’s college education has never been easier with an Education IRA. By starting early, you can rest assured that the funds will be there when your children need them. Qualified education expenses may include tuition, fees, books, computer equipment and technology required for elementary, secondary and post-secondary education.

IRA Certificates
With an IRA Certificate, the dividend rate is fixed for the length of the term you choose. IRA Certificates have a $500 minimum deposit and are available for a variety of terms.