Life goes by quickly. Preparing yourself for what's ahead can help. SCU Credit Unions offers a wide variety of certificate and IRA terms to give you the flexibility to invest to fit your needs and future plans.
We offer a full complement of high yield certificate of deposit accounts for our members.
Your monthly dividends can be withdrawn, transferred to another SCU Credit Union product, or can be compounded. Principal can be withdrawn prior to term but will incur a penalty.
IRA Certificates & IRA Savings Accounts are an excellent way to accumulate funds for your retirement, your employees’ retirement or your child’s further education. We feature high yielding CDs and a variable rate IRA Savings Account for Traditional, Roth, Simplified Employee Pension (SEP) IRA Accounts, and Coverdell Education Savings Accounts (CESA). There are different advantages to each type of IRA as well as different requirements and limitations. Make sure you consult a tax advisor and learn more about IRA Contributions Limits and Eligibility Requirements for each type of IRA.
A Coverdell Education Savings Account (Coverdell ESA) is a trust or custodial account set-up solely for paying qualified education expenses for the designated beneficiary (under the age of 18) of the account.
A SEP plan allows employers to contribute to Traditional IRAs (SEP-IRAs) set-up for employees. A business of any size, even self-employed, can establish a SEP.