Get the retirement you've been dreaming of
After working so hard for so many years, Northern Skies Federal Credit Union wants to help you set up a comfortable retirement for yourself. An IRA pays you competitive dividends and earnings in your IRA may be tax deferred*.
We offer Traditional and Roth accounts, so you can choose the one that suits your needs. We also offer Coverdell ESAs to help you or your student pay for college tuition.
With an IRA CD, you can lock in your retirement savings at an even higher interest rate. An IRA Certificate is available for a 12-month or 24-month term.
*Consult a tax advisor.
**To open this account, you must first open a Member Savings (S1) account with a minimum deposit of $5, which establishes your share in our credit union.
There are advantages to both Traditional and Roth IRAs. One of the biggest differences is the time at which you see the most advantage. A Traditional IRA provides potential tax relief today, while a Roth IRA has the potential for the most tax benefit at time of retirement.
*Subject to some minimal conditions. Consult a tax advisor.
**Certain exceptions apply, such as healthcare, purchasing first home, etc.
***Consult a tax advisor.
Create an easier transition into college for yourself and your student by setting up a savings account early. A Coverdell Education Savings Account (ESA) provides a tax-free safe place to grow competitive dividends and also financial confidence for a new stage in life.
*Qualified expenses include tuition and fees, books, supplies, board, etc.
**Consult your tax advisor to determine your contribution limit.
***Those earnings are subject to income tax and a 10% penalty.
****To open this account, you must first open a Member Savings (S1) account with a minimum deposit of $5, which establishes your share in our credit union.