Individual Retirement Accounts - United Catholics Federal CU

Individual Retirement Accounts (IRA’s)

Your annual contribution may be deductible, giving you a tax break while you are working.

Open your account with as little as $25.00
You can add to your account at anytime by making contributions in person, mail, payroll deduction, automatic payment transfer ACH periodic deposits. Subject to IRS limitations.
Can be rolled into a traditional IRA Certificate once balance reaches $1,000.
No monthly or yearly maintenance fees.
Early withdrawal fees may apply

Open your account with as little as $25
You can add to your account at anytime by making contributions in person, mail, payroll deduction, automatic payment transfer, ACH periodic deposits. Subject to IRS limitations.
Contributions can only be made for individuals under the age of 18.
May be used penalty-free for qualified educational expenses. Subject to IRS limitations.
No monthly or yearly maintenance fees
Can be rolled into a Coverdell Educational Certificate once balance reaches $1,000

To open an IRA Term Certificate, all you need is a minimum of $1,000.
Great investment alternative
You can rollover from a Share IRA once you get to $1,000, transfer from another institution, or rollover from a qualified retirement plan.
No monthly or yearly maintenance fees
Dividends are compounded monthly and credited monthly
Early withdrawal fees may apply

To open a Coverdell Educational Term Certificate all you need is a minimum of $1,000
You can rollover from a Coverdell Educational Savings Account once you get to $1,000 or transfer from another institution
No monthly or yearly maintenance fees
Contributions can only be made for individuals under the age of 18. Subject to IRS limitations.
Early withdrawal fees may apply