An IRA is a tax-deferred savings program that can save you money while building for retirement security. IRA funds can be placed into any of our attractive certificate accounts and we also offer a special savings account that can be used to accumulate IRA funds throughout the year.

In addition to Traditional IRAs, the Credit Union offers Roth IRAs and Education IRAs. Roth IRA contributions are not tax deductible, however interest income accumulates in the account tax-free. If you are not eligible to deduct your contributions, the Roth IRA is your best choice for retirement saving. All wage-earning members are eligible to open an IRA. Coverdell Education Savings Accounts (Formerly Education IRAs) allow you to make contributions on behalf of a beneficiary, to be used for post-secondary educational expenses.

For more information on which IRA plan best meets your needs, please call the Credit Union at 202-479-2270 or visit one of our branches.