Individual Retirement Accounts (IRA)

New Rules for Roth Conversions in 2010

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!

Contribution options:

Higher annual contribution limits: For the 2009 and 2010 tax years, the contribution total can be 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 2009 and 2010!

Rollover options: If you are retiring or changing jobs, roll over your retirement funds to an IRA to avoid stiff withholding and tax penalties.

Earn interest with a variable or fixed rate Certificate Account.

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.

MEMBERS Financial Services Program
Invest your IRA funds 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.

To start your IRA at UCU, please visit our office or contact a Member 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.

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.

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Your savings federally insured to at least $250,000 through the National Credit Union Administration (a U.S. Government Agency) and backed by the full faith and credit of the United States Government.
An additional $250,000 of coverage provided by American Share Insurance (ASI), a private corporation.
University Credit Union is an Equal Housing Lender.

Applications:

Join UCU on-line!

Apply for a loan on-line!

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.