INDIVIDUAL RETIREMENT ACCOUNTS

Fixed IRA

• Minimum opening/renewal deposits of $1,000 (not including specials)
• Interest accrues daily and reinvested into the account semi-annually
• IRA may have the same terms and rates as CUB's certificates of deposit
• At the age of 59 1/2, an interest payment option may be chosen
• Withdrawals are not allowed until maturity without substantial penalties by IRS and tax ramifications

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          Account Disclosures

Variable Rate IRA

• Minimum opening/renewal deposits of $1,000 (not including specials)
• Interest is accrued daily and is reinvested into the account semi-annually
• Interest is subject to change without prior notice
• At the age of 59 1/2, an interest payment distribution may be chosen
• Withdrawals are not allowed until maturity without substantial penalties by the IRS and tax ramifications

          Click Here for Current Rates
         
          Account Disclosures

Roth IRA

• Distributions may be made if the following circumstances are met:
  1) Attainment of age 59 1/2
  2) Disabled
  3) Purchase of first home
  4) Death
  5) Five years lapse from the first year in which a contribution was made
• If the above requirements are not met, any earnings you draw from your Roth will be subject to early withdrawal penalty as well as tax ramifications. Any contributions made by account holder are removed first before distribution penalties apply.
• No required minimum distribution age as with a traditional IRA.
• Under certain conditions, traditional IRA's may be converted to Roth IRA.

          Click Here for Current Rates 
         
          Account Disclosures