We offer Education Savings Accounts for Members who desire to help pay education expenses for a particular child under the age of 18.  Anyone can contribute to the fund, but must meet certain income requirements.  Contributions are not tax-deductible.  Withdrawals are tax and penalty free only for qualified education expenses and the funds can be transferred from one child’s account to an account for another child in the family.  Certain restrictions may apply.  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. 

There is no minimum opening balance requirement.