Individual Retirement Accounts

Traditional IRA

Peach State offers a share club IRA that pays a monthly dividend rate. Certificates are also available in terms from six to 60 months. A minimum of $1,000 is required to set up a share certificate and $250 for an IRA club.

Individual retirement accounts are a smart way to save for the future. A traditional IRA can be opened and funded without any employer participation. Contributions and/or earnings are tax-deferred until retirement. Unlike many employer plans, money in the account is always accessible; however, until age 59½ there is a 10% early distribution penalty unless you qualify for an exemption due to one of the following: disability, qualifying education expenses, unemployment, qualifying first-home purchases, death, or receipt of your IRA assets in equal payments over your life expectancy.

Roth IRA

Roth IRAs differ from Traditional IRAs in that the money you contribute to a Roth IRA has already been taxed, so the principal amount is never subject to taxes or penalties in the future, as long as you stay within the contribution guidelines. This retirement plan allows the money you contribute to grow tax-deferred. And unlike the Traditional IRA, there is no 70½ age limit on making contributions.

If you do not withdraw any of the earnings until you have had the plan for at least five years, or satisfy one of the qualifying events, those tax-deferred earnings become tax-free.

Advantage IRA Certificate

You can earn more for your retirement by using your IRA funds to purchase a 5-year Advantage IRA Certificate. Visit the rates page for the current rate on the Advantage IRA Certificate.

Invest Where You Belong – at Peach State!

The Peach State Investment Services program is offered through CUNA Brokerage Services, Inc.1, a broker/dealer focused on serving credit union members. CUNA Brokerage Services, Inc. is an affiliate of CUNA Mutual Group.

Designed exclusively for credit union members, and located right here at the credit union, Peach State Investment Services2 offers retirement, insurance and investment programs designed to help you and your family through a lifetime of financial planning needs. Click here to learn more.

Peach State Federal Credit Union does not provide legal advice to members, and provides the foregoing information from a reliable resource to give our members a basic understanding of these services. You should consult with your tax or legal adviser regarding the current status of applicable federal and state laws.

1Peach State Investment Services Advisors are registered representatives of CUNA Brokerage Services, Inc.

2Securities sold, advisory services offered through CUNA Brokerage Services, Inc. (CBSI), member FINRA/SIPC, a registered broker/dealer and investment advisor. CBSI is under contract with the financial institution to make securities available to members. Not NCUA/NCUSIF/FDIC insured, May Lose Value, No Financial Institution Guarantee. Not a deposit of any financial institution. CUNA Brokerage Services, Inc., is a registered broker/dealer in all fifty states of the United States of America . FR-1919554.1-1017-1119