IRAsIndividual Retirement Accounts (IRAs)

Elko Federal Credit Union offers Individual Retirement Accounts (IRAs) to help you plan for your retirement years.

See our IRA Share Savings Rates

Traditional IRA Share Accounts offer tax-deferred earnings, and the possibility for tax-deductible contributions. These tax advantages make the traditional IRA a powerful tool in creating a balanced, long-term savings plan.

Roth IRA Share Accounts not only can help with retirement needs, but also a first-time home purchase or other financial goals. Unlike traditional IRAs, your contributions to a Roth IRA are never tax-deductible. However, the money in your Roth IRA, including earnings, can be withdrawn tax-free. Of course, you must conform to the plan provisions to get this tax-free advantage.

Coverdell Education Savings Account (ESA) were created to help you pay for your child’s education expenses, such as tuition, fees, books, supplies, equipment, and in some cases, room and board and computers. Unlike traditional IRAs, your contributions to a Coverdell ESA are never tax-deductible. However, a Coverdell ESA offers you the potential for tax-free withdrawals-including earnings.

For more details about our IRA accounts, please call our Elko office at (775) 738-4083, or our Spring Creek office at (775) 753-6272 and ask for Member Services.