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Certificates of Deposit

Individual Retirement Accounts

Workmen’s Circle Credit Union can help you plan for your future. Depending on your specific needs or tax situation, you may choose from a variety of IRA products. Members may choose from Traditional and Roth IRA’s. WCCU has trained personnel on staff to assist members in their decision. The aggregate total of a member’s WCCU IRA accounts is federally insured up to $250,000 by the National Credit Union Administration (NCUA) and backed by the full faith and credit of the United States Government.

Traditional IRA

A Traditional IRA can be a valuable retirement savings tool. As long as you are under age 70 ½ and have earned income, you can establish and contribute to a Traditional IRA. As a tax deferred account, the tax advantages of a Traditional IRA make saving for retirement easy and painless.

Roth IRA

Setting money aside now in a Roth IRA is a great way to ensure tax-free income during retirement. As long as you are eligible, you can contribute to a Roth IRA and start taking advantage of its many benefits. Simply invest after-tax dollars and let the earnings accumulate tax-deferred. Later, if certain qualifications are met, you can withdraw the money tax-free. That’s the key advantage of owning a Roth IRA.

Coverdell Education Savings Account (ESA)

A Coverdell Education Savings Account (ESA) is a smart way to help pay for a child’s education. You and/or your family members may contribute up to the $2,000 limit per year per child in an ESA account until the age of 18. While your contributions are made with after-tax dollars, the earnings and withdrawals are tax-free when used for qualified educational expenses. When the money is withdrawn, it can be applied to a broad range of qualified expenses for college and public or private K-12 education including tuition, room and board, and even computer equipment.

Salle Mae Smart Option Student Loan
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