Our IRAs have no minimum balance to open! We offer three types of IRAs to meet your needs: Traditional, Roth, and Coverdell.

Traditional IRAs offer tax-deferred earnings, and the possibility for tax deductible contributions. You can contribute to a traditional IRA if you earn compensation and you will not reach age 70 1/2 by the end of the year.

Roth IRAs offer unique and exciting savings opportunities.  Contributions are from after tax earnings. Not only can it help with retirement needs, but it can also help with first-time home purchases or other financial goals. This flexibility makes the Roth IRA appealing to many different age and income groups. Although it’s not a one-size-fits-all solution, the Roth IRA will give many members an easy and safe way to plan for the future.

Coverdell Education Savings Account IRAs are special accounts with the sole purpose of paying education expenses of the child named on the account (the designated beneficiary). Earnings will accumulate tax free and withdrawals will be tax-free if used for education expenses for the designated beneficiary by the time he or she reaches age 30.

Come in and visit one of our Member Service Representatives to set up an IRA.


Disclaimer: Each member's individual financial picture is different.  No statement on this page should be considered tax or financial advice.  Your credit union advises members to consult with their financial adviser or Certified Public Accountant to determine if an IRA is the right fit for you.

Have a question?

Call or text: 906.482.5005
Visit: 700 E Sharon Ave., Houghton, MI 49931