We offer a ROTH IRA to anyone who has income from compensation (or who is filing jointly with a spouse who earns compensation) with the following Modified Adjusted Gross Income:

• Single – Up to $95,000
• Married, Filing Jointly – Up to $150,000

There are certain Phase-Out Ranges and restrictions; please consult a tax professional for tax advice.  Contributions are not tax-deductible, but regular contributions can be withdrawn tax and penalty free at any time.  The IRA owner is not required to begin taking withdrawals at age 70½.  Please contact the Credit Union for a brochure discussing the differences between the different IRA’s and contact a tax professional for tax advice.

Each account compounds dividends quarterly and are credited monthly.  We also offer Roth Term Share Certificates that pay monthly dividends.

There is no minimum opening balance requirement.