Accounts & Services

IRA Certificate Accounts

Save for Retirement & Education Expenses

Some types of IRAs allow you to save without paying taxes on the funds until you begin to make withdrawals, while other IRAs offer tax-deferred earnings. ACU offers both IRA Share and IRA Certificate Accounts. For general IRA information, calculators & forms to open, contribute or withdraw from your IRA visit our IRA Central.

Below are details for ACU IRA Certificate Accounts.

Minimum Balance

$500 for 6, 12, 24, 36, 48 and 60 month terms
$10,000 for 15 month term

Monthly Service Charge

None

Terms Available

Certificate: 6, 12, 15, 24, 36, 48 and 60 months

Withdrawals

Permitted according to the IRS regulations.

Withdrawal Penalty

There is a loss of dividends for early withdrawal. Additional penalties may apply according to IRS regulations.

Closing Fee

$25

Dividend Rates

Rates effective as of 5/1/2012

Terms	Annual Percentage Yield
6 months	.20%
12 months	.30%
15 months ($10,000 minimum)	.50%
24 months	.60%
36 months	.90%
48 months	1.20%
60 months	1.50%

Dividends are compounded and paid monthly based on the average daily balance. The dividend rate and APY may change every dividend period as determined by the Board of Directors.

Dividend Payment Options

Compounded on IRA balance
Transferred into another account
Withdrawn by check

Certificate Renewal

You have 7 calendar days from the date of maturity to redeem or withdraw from your Share or IRA Certificate. Any unredeemed accounts will automatically rollover, for the same term and at the current rate, on the maturity date.

Types of IRAs

Traditional, Roth, and Coverdell Education

Contributions

Limits vary depending upon your age and the type of IRA. Visit our IRA Central for limits & eligibility or e-mail info@abricu.com.

Automatic Deposits

You may have money deposited into your account with automatic transfer or payroll deduction*.

Statements

Issued Quarterly by

Mail or
E-statements

If you have a checking account or electronic transactions post to your prime shares, monthly statements are provided.

ASI Insured

Funds are insured up to $250,000 per account. By member choice, this institution is not federally insured. for more information regarding ASI.

^†APY = Annual Percentage Yield
*At this time payroll deduction is only available to employees of ANL and Fermilab.

For more information regarding IRA Certificate Accounts e-mail info@abricu.com or call (815) 267-7700 or (866) 469-6228