Investment & Retirement Planning

Individual Retirement Account (IRA)
An IRA provides you with a strong financial foundation for the future, as well as safety and security. It is a personal savings plan that allows you to contribute a set amount of money into the account each year. Every dollar you invest into an IRA will work to earn money for you until retirement. We offer Traditional, Roth, Educational and SEP IRAs. (For information on our SEP IRAs, please see our Business section.) You can choose from a variety of terms, or even roll over or invest funds from an existing IRA. It’s never too early to start saving for retirement! The earlier you begin, the more you – savings will add up.

Traditional IRAs
A Traditional IRA is a personal savings plan that gives you tax advantages for setting aside money for retirement. Contributions you make to a Traditional IRA may be fully or partially tax deductible, depending on your circumstances. In addition, amounts in your Traditional IRA (including earnings and gains) generally are not taxed until distributed. The ability to defer taxes on the earnings and to withdraw in a year when you may be in a lower tax bracket can mean more after-tax dollars for your retirement. (Consult your tax advisor for more information.)

Roth IRAs
Unlike Traditional IRAs, contributions to a Roth IRA are never tax-deductible. However, the money in your Roth IRA, including earnings, can be withdrawn tax-free. Also unlike a Traditional IRA, you are not required to start receiving minimum distributions when you reach age 70 1/2. Therefore, if you don’t need the funds, you can let your money continue to grow tax-free for as long as you like. (Consult your tax advisor for more information.)

Coverdell Education Savings Accounts (ESA)
The sole purpose of a Coverdell ESA is to help pay for your child’s education expenses, such as tuition, fees, books, supplies, equipment and, in some cases, even room and board or computers. Contributions to a Coverdell ESA are never tax-deductible. However, a Coverdell ESA offers you the potential for tax-free withdrawals – including earnings. (Consult your tax advisor for more information.)

Members Financial Network
The Members Financial Network can help you achieve financial freedom. From achieving short-term goals to planning for retirement, Members Financial Network can provide the information you need to have it all. Just visit Members Financial Network to get started.

Home & Family Finance
Before making your next big purchase – be it a car, a home, or a college education – consult our online library of consumer tips. You can even get pointers for small businesses, retirement and credit card debt. Just visit Home & Family Finance today!

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Insurance

Auto, Life & Homeowners Insurance, Plus More
As a member of United Consumers Credit Union, you enjoy great benefits like low rates on loans and high returns on investments. But did you know that your membership also gives you access to a wide variety of insurance products such as life, auto and homeowners? Click here to find out about how you can be protected through UCCU and MEMBERS Financial Services.

Credit Life and Disability Insurance MEMBERS CHOICE™
MEMBER'S CHOICE Credit Life Insurance is coverage that reduces or pays off a member's loan balance, up to the policy maximum, if the borrower or covered joint borrower dies. It helps you preserve life insurance benefits for living expenses, not for paying off debts.

MEMBER'S CHOICE Credit Disability Insurance
MEMBER'S CHOICE Credit Disability Insurance is coverage that makes monthly loan payments, up the policy maximum, should the member become totally disabled. Payments continue until the member is no longer totally disabled, dies or the loan is paid in full.

GAP Insurance
If your vehicle is stolen, accidentally damaged beyond repair or otherwise declared an insured total loss, auto insurance will cover the replacement value. However, you remain liable for payment of the difference between the insurance settlement and the remaining loan balance. GAP Insurance is an affordable way to fill the gap by helping protect against this kind of unexpected expense. For just a few dollars a month, you can help save money and your credit rating in the event of an unexpected financial loss.

Extended Warranty
Getting an auto loan is about more than just the right rate. It’s also about having the right protection. For a few dollars a month, you can protect your vehicle and your finances from expenses that could total hundreds or even thousands of dollars! Coverage can be purchased when you buy your vehicle, when you take out a loan at our credit union to purchase your vehicle, or if you refinance your loan from another institution at our credit union. You can also purchase additional coverage as long as the vehicle has at least one month and 1,000 miles remaining on the manufacturer's full warranty on the date you purchase the Mechanical Repair Agreement/Insurance Policy.

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MyMoney.gov
MyMoney.gov is the U.S. government's website dedicated to teaching all Americans the basics about financial education. Whether you are planning to buy a home, balancing your checkbook, or investing in your 401k, the resources on MyMoney.gov can help you do it better. Visit the Web site.

Googolplex: Financial Education for Students
Googolplex is an online magazine with sections for grade school, middle school and high school students.