At that time, funds can be withdrawn or transferred to another account. You may also request a check be mailed to you. This account is designed to give our members a place to save funds for that special occasion, such as a wedding, vacation or school tuition. No minimum balance is required and deposits and withdrawals can be made at anytime. The Escrow Account was setup to help members save money for property taxes and insurance.
Most share certificates renew automatically at maturity.
With fixed, compounded dividends and NCUA Insurance, no other investment is as certain or as safe. The Taxpayer Relief Act of 1997 created a variety of new IRA options. Not only did it change the rules for the traditional IRA, but it also introduced the Roth and Education IRAs. Traditional IRA's are the perfect supplement to any pension or retirement plan you may currently have, and with the expanded income limit, more people will now be able to make tax-deductible contributions. For information on how each type of account would benefit your specific situation, talk to your tax advisor.