Whether you're planning for retirement or for your child's education, IRAs make the future look brighter. An SACU Individual Retirement Account (IRA) is a competitive investment that is insured up to $250,000.¹ Choose from a Coverdell Education Savings Account, Traditional IRA, Roth IRA, Money Fund or an IRA Share Certificate.

Coverdell Education Savings Account
  Withdrawals for qualified education expenses are tax and penalty free

  Contributions may be made toward your child or grandchild's higher education until he/she reaches the age of 18

  Distribution of funds is required by the time the beneficiary reaches age 30, or funds can be transferred to another child


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Traditional IRA
  Earnings are tax-deferred

  Contributions may be tax deductible

  Contributions are permitted up to age 70 ½

  Penalty-free early withdrawal options for first-time home purchases and/or college expenses


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Roth IRA
  Earnings are tax-free

  No age limit on contributions

  No required distribution at age 70 ½

  Three IRS penalty-free withdrawal options, including first-time home purchase


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Traditional Money Fund IRA
A tiered account that allows you to earn higher dividends as your balance grows.

  $50.00 minimum to open

  $50.00 minimum balance must be maintained

  Must have earned income or receive alimony to open or make annual deposits

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Roth Money Fund IRA
A tiered account that allows you to earn higher dividends as your balance grows.

  $50.00 minimum to open

  $50.00 minimum balance must be maintained

  Must have earned income or receive alimony to open or make annual deposits


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IRA Share Certificate
A contract between SACU and a member that gives the member an alternative way to invest his/her retirement funds for a specified period of time in order to earn a higher dividend rate and Annual Percentage Yield (APY).

  $500.00 minimum to open any one of our IRA Share Certificates (except the Liquid IRA Share Certificate)

  Withdrawals permitted without penalty after the age of 59½ and must start by April 1 following the year in which the member reaches 70½

  Must have earned income or be receive alimony to open

  May not be used as collateral on any type of loan.

Opening your IRA is easy
Visit any branch location or call our Member Service Center at (210) 258-1234 or
Toll Free at 800-688-SACU (7228).
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1 Deposits to an IRA are limited by Federal Regulations. Consult your tax advisor regarding your personal tax situation. SACU IRAs are insured separately up to $250,000 by the National Credit Union Administration(NCUA), a U.S. Government Agency. Substantial penalties for early withdrawal will apply except for those specifically permitted under IRS Regulations.
Membership eligibility required. You may request account disclosures containing terms, fees, and rate information about accounts at any SACU branch location or by calling the Member Service Center at (210) 258-1234 or toll free 800-688-SACU (7228).