In addition to Traditional IRAs, the Credit Union offers Roth IRAs and Coverdell Education Savings Accounts. Roth IRA contributions are not tax deductible, however interest income accumulates in the account tax-free. If you are not eligible to deduct your contributions, the Roth IRA is your best choice for retirement savings. All wage-earning members are eligible to open an IRA. Coverdell Education Savings Accounts allow you to make contributions on behalf of a beneficiary, to be used for post-secondary educational expenses. 

• All types of IRAs are available - Traditional, Roth, and Coverdell Education Savings Accounts (Formerly Education IRA)
• IRA Savings has no minimum balance requirement
• IRA Certificates are available for terms of 6 to 60 months
• Competitive rates
• Insured to $250,000 per member by the National Credit Union Administration, an Agency of the U.S. Government

Retirement Savings Calculator

For more information on which IRA plan best meets your needs, or to open an account, please call the Credit Union at 202-512-1067.