IRA

Individual Retirement Accounts (IRA)

STAY TRUE TO YOUR FUTURE

GECU Individual Retirement Accounts

GECU has many products to help get you on the path to a brighter financial future. No matter what stage of life you're in, we have the perfect Individual Retirement Account (IRA) for you. We can help you decide which retirement plan is best for your financial situation to get you closer to your financial goals.

INDIVIDUAL RETIREMENT ACCOUNTS

Share IRA

  • $20 minimum opening balance
  • Paid quarterly on the last business day of the quarterly statement periods of March, June, September and December

IRA CD

  • $50–$2,500 minimum opening balance
  • 3- to 60-month terms
  • Short-term IRA CD paid at maturity
  • Long-term IRA CD compounded monthly or annually

Traditional IRA*

  • Control of contributions and investments
  • Possible tax deductions
  • Possible tax credits**
  • Accessibility of IRA assets
  • Tax break now

Roth IRA*

  • Control of contributions and investments
  • Possible tax credits**
  • No required minimum distribution
  • Tax break at retirement — pay taxes now

Coverdell Education Savings Account

  • After-tax contributions for children until 18 years of age
  • Earnings are tax-free if used to pay for eligible education expenses

Reach out to the Special Services Department at 915.774.6879 for more information.

Join our family — it's easy!†



Individual Retirement Accounts (IRAs) Minimum Opening Balance Interest Payment Period*
Share IRA $20 Paid quarterly on the last business day of the quarterly statement periods of March, June, September and December.
IRA CD $50 to $2,500 Terms of 3 months to 60 months available. Interest on Short Term IRA CDs is paid at maturity. Interest on Long Term IRA CDs is compounded monthly or annually.

*Withdrawals before you’re 59½ may result in a tax penalty and interest penalty, except in the case of education IRAs. Consult your tax advisor for details.
**Contribution limits vary and depend on your individual income level.
†Learn more about how you can join. Click here.

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