IRAs are savings accounts designed to help wage earners save for retirement. Many Members may be eligible to deduct their IRA contributions from their taxable income. For those members, IRAs are great investments. For those who may not take the deduction, an IRA still remains one of the best methods to save for retirement. Because IRA earnings are sheltered from taxes, IRAs grow faster than ordinary savings accounts. There is a minimum deposit of $100.00 for a Credit Union IRA. Those available are Traditional, Roth, and Educations.
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