Money Market/IRA Accounts

Money Market Accounts

Money Market accounts allow you to keep a larger investment at the Credit Union earning higher dividends than a Regular Savings account by maintaining a minimum balance of $2,500. As an added bonus to our members the more you have on deposit, the higher the dividend rate you will receive. Money Market accounts also provide you with the convenience of a checking account.

A minimum initial deposit of $2,500 is required. Dividends are earned daily and paid monthly. You may access your funds at any time, although no more than 6 pre-authorized automatic, ICU OnLine or telephone transfers may be made in any month. No more than 3 of the 6 transactions may be by check. These transaction limitations are required by law.

View Current Money Market Rates

IRA Accounts

Compare your IRA options. Download this helpful brochure.

Secure tomorrow by saving today. With an IRA account from ICU you'll be securely putting away money tax-free for the future creating a nest egg for you to live on during your golden years.

ICU offers two types of IRA Accounts: Traditional and Roth.

Traditional IRA

A Traditional IRA is available to anyone under the age of 70.5 who has income from earned compensation (or is filing jointly with a spouse who earns income). Earnings grow tax-deferred until withdrawn. Also, certain contributions may be tax deductible in the year they are made.

For more detailed Traditional IRA information download this helpful brochure (PDF)

Roth IRA

A Roth IRA is available to anyone who has income from earned compensation (or is filing jointly with a spouse who earns income) and who meets the IRS-defined income requirements. Regular contributions can be withdrawn tax and penalty free at any time. After five years, the earnings can also be withdrawn, tax and penalty free, based on certain conditions. Since Roth IRA contributions are non-deductible and taxed in the year they are earned, members who expect to be in a higher tax bracket when they retire may benefit more from a Roth IRA than from a traditional IRA.

For more detailed ROTH IRA information download this helpful brochure (PDF)

At ICU, either type of IRA can be deposited into an IRA Savings account or an IRA Certificate.

As with all things involving the IRS, please consult a tax professional to determine which IRA will best meet your specific financial needs.

IRA Shares are federally insured up to $250,000 by the National Credit Union Administration a U.S. Government Agency.

View our IRA rates.



	Money Market/IRA Accounts Money Market Accounts Money Market accounts allow you to keep a larger investment at the Credit Union earning higher dividends than a Regular Savings account by maintaining a minimum balance of $2,500. As an added bonus to our members the more you have on deposit, the higher the dividend rate you will receive. Money Market accounts also provide you with the convenience of a checking account. A minimum initial deposit of $2,500 is required. Dividends are earned daily and paid monthly. You may access your funds at any time, although no more than 6 pre-authorized automatic, ICU OnLine or telephone transfers may be made in any month. No more than 3 of the 6 transactions may be by check. These transaction limitations are required by law. View Current Money Market Rates IRA Accounts Compare your IRA options. Download this helpful brochure. Secure tomorrow by saving today. With an IRA account from ICU you'll be securely putting away money tax-free for the future creating a nest egg for you to live on during your golden years. ICU offers two types of IRA Accounts: Traditional and Roth. Traditional IRA A Traditional IRA is available to anyone under the age of 70.5 who has income from earned compensation (or is filing jointly with a spouse who earns income). Earnings grow tax-deferred until withdrawn. Also, certain contributions may be tax deductible in the year they are made. For more detailed Traditional IRA information download this helpful brochure (PDF) Roth IRA A Roth IRA is available to anyone who has income from earned compensation (or is filing jointly with a spouse who earns income) and who meets the IRS-defined income requirements. Regular contributions can be withdrawn tax and penalty free at any time. After five years, the earnings can also be withdrawn, tax and penalty free, based on certain conditions. Since Roth IRA contributions are non-deductible and taxed in the year they are earned, members who expect to be in a higher tax bracket when they retire may benefit more from a Roth IRA than from a traditional IRA. For more detailed ROTH IRA information download this helpful brochure (PDF) At ICU, either type of IRA can be deposited into an IRA Savings account or an IRA Certificate. As with all things involving the IRS, please consult a tax professional to determine which IRA will best meet your specific financial needs. IRA Shares are federally insured up to $250,000 by the National Credit Union Administration a U.S. Government Agency. View our IRA rates.