Saving the Ironworkers USA Credit Union Way

Take the Guesswork Out of Saving!

It’s no surprise that having savings is important when surprises happen. But it’s equally important to have a savings plan so that in the future you aren’t scrambling when it’s time to kick back and relax in retirement.

We want you to have the ability to retire comfortably. That means it’s important to make smart decisions now. Luckily, Ironworkers USA Credit Union has multiple savings options for you to choose from.

Share (Savings) Accounts

When you became a member of Ironworkers USA Credit Union, you opened a Share (Savings) Account. The advantage of this type of savings account is that your money earns interest and is easily accessible when you need it.

Your Credit Union Share Account earns .10% APY when you have a minimum balance of $100. While this may not seem like much, traditional banks normally only offer between .01-.03% APY on balances of more than $10,000.

You can make deposits to your Share Account anytime and even set up automatic transfers each pay period so you won’t be tempted to skip making deposits.

Share Certificates/CDs

A Share Certificate or Certificate of Deposit (CD) is a deposit account that pays a higher interest rate and is held for a specified period of time. Ironworkers USA Credit Union offers 3- to 60-month term Share Certificates.

With CDs, you are guaranteed a fixed rate of return as a result of the fixed dividend rates. Share Certificates require a minimum deposit of $100 and have rates between 1.00-5.50% APY – significantly higher than traditional banks’ CD rates. Members who would like a quick return on their investment, generally payable or reaching maturity within a brief period of time like a year or less, can choose a short-term Certificate. Those interested in investing for longer periods of time will receive higher rates of return.

Individual Retirement Accounts (IRAs)

An IRA is an account that allows individuals to save for retirement with tax-free growth or on a tax-deferred basis. It’s a way to save money for retirement in atax-advantaged way.

When you open an IRA with a $100 minimum balance,you’ll earn a competitive rate on your account and have the option of choosing a Traditional, Roth, or Education IRA. IRAs are insured separately, up to $250,000 per member. Members can contribute to their IRAs as early as January 1 or as late as the tax year’s filing deadline in mid-April each year, and contributions can be made in one large contribution or periodic contributions throughout the year.

It’s important to take calculated steps to reach your goals. YOUR Credit Union is here to help you! Whether you want to start an IRA, want help creating a savings plan, or need advice before purchasing insurance, Ironworkers USA Credit Union is your partner. Call us at 877-769-4766, stop into one of our branches or chat with us online!



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