Return Home  
Home Branch Login University Credit Union has been serving the employees, students and alumni of the university community since 1951!

Welcome!

Loans

Savings

Applications and Forms

Current Rates

Checking Account Services

Electronic Access Services

Office Locator

ATM Locator

What's New

Contact Us!
 

Individual Retirement Accounts (IRA)


Map your retirement plans by using UCU IRAs!

Let a UCU IRA help guide your road toward retirement savings! This advanced planning will help generate income into your golden years.

Choose from these great options:

  • Traditional IRAs: Great for tax-deferred earnings
  • Roth IRAs: Take advantage of possible tax-free withdrawals, including earnings!
  • Higher annual contribution limits: For the 2007 tax year, the contribution is $4,000* and through the tax years 2008 - 2009, you can put up to $5,000* per year into your traditional or Roth IRA.
  • Catch-up contributions: Members age 50 and over may now exceed the regular annual contribution by $1,000 per year for tax year 2007 -2009!
  • Rollover options: If you are retiring or changing jobs, roll over your retirement funds to an IRA to avoid stiff withholding and tax penalties.
  • A variety of investment options: earn interest with a variable or fixed rate Certificate Account.
  • Invest with the MEMBERS Financial Services Program, located at the UCU office. This option allows members to select an investment style using mutual funds or other forms of securities.

    Separate IRA Deposit Insurance
    University Credit Union offers separate protection for IRA deposits through the NCUA and ASI deposit insurance. The NCUA offers separate insurance up to $250,000 per IRA account. ASI offers an additional $250,000 of insurance up to a NCUA/ASI combined total of $500,000.

    To start you IRA at UCU, please visit our office or contact a Services Representative at (310) 477-6628, ext. 1.

    *You must meet Internal Revenue Code eligibility requirements. Not intended to provide tax advice. Please contact a tax professional.


    Your savings federally insured to at least $100,000 through the National Credit Union Administration (a U.S. Government Agency) and backed by the full faith and credit of the United States Government.
    Your savings federally insured to at least $100,000 through the National Credit Union Administration (a U.S. Government Agency) and backed by the full faith and credit of the United States Government.    		 Shares insured to $350,000 through American Share Insurance
    Regular shares are insured to $350,000 through American Share Insurance. IRAs are insured separately up to $500,000 per account.

    Disclaimer: MEMBERS Financial Services Representatives are registered through, and securities are sold through, CUNA Brokerage Services, Inc. (CBSI), member NASD/SIPC, 2000 Heritage Way, Waverly, Iowa 50677, toll-free (866) 512-6109. Insurance sold through licensed CUNA Mutual Insurance Society Representatives, and in New York, licensed insurance representatives of other companies. Nondeposit investment products are not federally insured, involve investment risk, may lose value and are not obligations of or guaranteed by the credit union. CUNA Brokerage Services, Inc. is a registered broker/dealer in all fifty states of the United States of America.

    FR12993274INT

    PRIVACY POLICY | SITE MAP | CONTACT US

    Copyright © 2008 All rights reserved.

    		•   
    		Savings Account Services

    Applications:

    Join UCU on-line!

    Apply for a loan on-line!

    Related Links:

    Shares insured to $350,000!

    Check these out:

    In-branch personal financial management service through MEMBERS' Financial Services

    Web-based financial services through MEMBERS' Financial Network

    For more information, please e-mail us or call (310) 477-6628.