IRAs, Investments, and Planning

It’s never too early to begin looking at your long-term savings goals and simple checking and savings accounts won’t be enough. Whether you are looking to save for college, plan for retirement, or secure an adequate source of income for your family, we are here to help. Let us help you build a better future.

Retired man enjoying DCTFCU online banking from his mobile device

Individual Retirement Accounts (Accumulative & Certificates)

With our tax advantaged IRAs, you can enjoy long-term savings with compounding dividends to help you create the nest egg you may need in the future. We offer both Traditional and Roth IRAs with benefits as listed below.

  • No annual fee
  • Easy set up
  • Automatic distributions
  • May rollover retirement funds
  • Roth IRAs, all withdrawals are tax free
  • Roth IRAs give you the option to pay taxes on your retirement now rather than later
  • Traditional IRAs, earn tax deferred compounding interest on your money
  • Dividends paid monthly on accumulative accounts and quarterly on certificates
  • Funds insured up to $250,000

Contact Stacy, our Financial Services Representative, for more information on deductibility, deposit, distribution and withdrawal limits. (Penalties may apply for early withdrawal.)

Coverdell Education Savings Account (ESA)

With the rising cost of college, it’s never too late to begin setting money aside for your child’s future education.

  • Dividends paid quarterly
  • Deposit up to $2000 per year for each child under 18
  • All withdrawals are tax free as long as they are used for qualifying educational expenses
  • Funds not used may be rolled to a family member’s Coverdell without penalty

Contact Stacy, our Financial Services Representative, for more information on set up, deposit and withdrawal limits. (Penalties may apply for late withdrawal.)

Investment Guidance

Looking for more investment information than what we’ve provided? We offer investment guidance through the Investment Guidance Center at CUNA Mutual Group. This team is Series 7 and 66 licensed and are affiliated with CBSI as the Broker/Dealer, meaning we have all the tools available to offer any type of investment vehicle a member would be interested in. These advisors are:

  • Focused on doing what’s right for the individual
  • More salaried than commissioned
  • Do not require minimum asset threshold

To contact the Investor Guidance Center, call 888.888.3940 (Monday through Friday, 7 a.m. to 5 p.m., CT) or email [email protected]

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