IRA's are an excellent option for any retirement plan. With more and more options every year, do your research carefully. Browse your options by picking from the list below.

Traditional:
Individual Retirement Accounts are a great way to save for your golden years. No minimum balance is required and no fees of any kind are assessed. Eligible deposits are tax deductible up to

2006-2007 $4,000 per year
2008 & thereafter $5,000 per year

After age 59 1/2 withdrawals can be made without penalty.
"Catch-Up" Contributions can be made by workers 50 and older starting in 2002. You may contribute an additional:  $1,000 a year (years 2006 & thereafter).

Roth:
Roth IRA's are different from Traditional IRA's in the fact that contributions are taxed, but all withdrawals including earnings are tax-free the account holder is 59 1/2 or older. All other contribution, limits, regulations and penalties are identical to a traditional IRA.

Maximum contribution:
2006-2007 $4,000
2008 & after $5,000

Don't forget if you are a worker age 50 or older, you may be eligible for "Catch-UP" Contributions.
$1,000 a year (years 2006 & thereafter)

Educational:
An Education IRA is a trust account you set up for a designated beneficiary (any child under the age of 18). Up to $2,000 per year may be deposited tax-free until the age of 18. Other restrictions apply, contact your credit union for details.

IRA Certificates

Artesia Credit Union always strives to give you a variety of products to meet your needs.  An IRA Certificate give your hard earned money a home if you won't be needing to touch it for a while.  Our rates are competitive and flexible terms, think about an IRA certificate by Artesia Credit Union.