INDIVIDUAL RETIREMENT ACCOUNT'S



IRA Share Certificates


IRA Share Certficate are also available with minimum required deposit of $1,000 and terms for 12,24,36 and 48 months.


The Education IRA
The Education IRA allows you to save for any post-secondary education by investing up to $500 a year per child younger than age 18.  The contribution is not  tax-deductible. Instead, earnings grow tax-free and you pay no taxes or penalties on money withdrawn to pay for qualified higher-education expenses, such as tuition and fees, before the beneficiary reaches age 30. Otherwise you pay taxes on any earnings, plus additional 10% penalty.


The Roth IRA
The Roth IRA is similar to the Education IRA, contributions are not tax deductible.  Instead, you pay no taxes when you withdraw the money provided it’s been in the account at least five years and:  You are older than 59 ½, or you become disabled, or you die and it's paid to your beneficiary, or you use the money for a first-time house purchase ($10,000 lifetime withdrawal limit).  Unlike the traditional IRA, which requires you begin withdrawing money at age 70 ½ , the Roth IRA has no such requirement.  You can let the money keep working, while earnings continue to grow tax-free, for as long as you like.


For complete disclosure of IRA Limits/Requirements, please consult with a Campus Credit Union Representatitve.


* Please see a Tax Professional for all tax related questions.


How to Open an account

Stop in at our branch on Wichita State University's campus and talk with BingNa, our IRA specialist.