Traditional IRA
This savings account has all the benefits of the regular IRA (Individual Retirement Account). Plan for your retirement today with earnings higher than a regular savings account. Our IRA program offers tax savings,* tax deferral,* and access to your funds, if needed. The length of term is not fixed, which provides you greater financial flexibility. There are no monthly or annual fees. Standard IRA rules apply. The IRA contribution limit, formerly $2,000 a year, is now $3,000 for 2002, 2003 and 2004; $4,000 for 2005, 2006 and 2007, and $5,000 for 2008. The limit is reduced for taxpayers with an adjusted gross income above $190,000 ($95,000 if single) and eliminated if income is above $220,000 ($110,000 if single). People at least 50 years old will be allowed to add an extra $500 each year through 2005, and $1,000 more in 2006 and later. IRA Savings Accounts are insured separately from your other accounts up to $250,000 by the NCUA. This is a great way to plan ahead for your financial security.

* Because individual circumstances may vary, consult your tax advisor.

Roth IRA
There's no time like now to open your Roth IRA. This IRA is nondeductible for tax purposes, but earnings accumulate tax-free. Distributions from a Roth IRA held for at least five years are tax-free if used for a qualified purpose. Qualified distributions include: a first home purchase (up to $10,000), higher education, reaching the age of 59 1/2, and death or disability. Roth IRAs are available as share savings accounts and are insured separately from your other accounts up to $250,000 by the NCUA. Now you have more choices than ever when it comes to saving for the future. Take advantage of your options and open a Roth IRA today!

Education IRA
The Education IRA helps parents and family members to save for a child's education. Contributions to an Education IRA are not tax-deductible, however, the earnings do grow tax-free. The maximum contribution per child each year is $2,000. The money in the account must be used to pay for college expenses or a 10% penalty and income tax may be assessed against the earnings. Education IRAs are available as share savings accounts and are insured separately from your other accounts up to $250,000 by the NCUA. Money left after one child has finished college can be used to pay for another child's college costs. Start investing today in the educational future of the special children in your life.