Traditional - Roth - Coverdell - Savings

An Individual Retirement Account (IRA) can be used to save for retirement, educational needs, and even your first home. Western provides up to $250,000 through the NCUSIF.

Traditional IRA¹

• Earnings are tax-deferred until withdrawn
• Contributions may be tax deductible²
• Funds may be used toward the purchase of a first home
• $1,000 minimum balance

Roth IRA¹

• Earnings are tax-deferred until withdrawn²
• Tax-free withdrawal exemptions²
• Distributions not required at age 70-1/2
• Funds may be used toward the purchase of a first home
• $1,000 minimum balance

Coverdell Education Savings Account¹

(formerly Educational IRA)

• Contribute up to $2,000 per year per child under age 18
• Tax-free withdrawal exemptions²
• Withdraw funds tax-free and IRS penalty-free to finance higher education purposes
• Transfer any unused funds to another family member
• $1,000 minimum balance
• TERMS

• 12 months	18 months
  24 months	36 months
  48 months	60 months

Savings IRA

Ideal for members who are just starting to save because you earn a competitive rate while your balance grows. When your balance reaches the required minimum for an IRA Term Share Certificate, you may transfer the balance to a higher yielding IRA Account.

• Variable rate
• $5 minimum balance
• No set term
• Monthly dividend paid
• No monthly service fee
• No transaction fees

To learn more about our IRAs, please email us or contact a Call Center Representative at 877-254-9328.

¹ Early withdrawal penalties may apply.
² Please consult your tax advisor.