An IRA, or Individual Retirement Account, is a great long-term savings tool that you can use to save for your retirement. We offer two types of IRAs; Traditional and Roth. Both offer advantages and the money in your IRA grows tax-free. You may also use an IRA to roll over a retirement plan from a former employer*.
At Kent County Credit Union, funds in an IRA savings and/or IRA Share Certificates are insured to $250,000 by the National Credit Union Administration (NCUA), a U.S. Government agency.
*Consult your tax advisor. This is for informational purposes only and is not intended to be tax, legal or other professional advice.