Accounts & Services

IRA Share 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 Share Accounts.

Minimum Balance	$25
Monthly Service Charge	None
Withdrawals	Permitted according to the IRS regulations.
Withdrawal Penalty	May apply according to IRS regulations.
Closing Fee	$25 - when transfering an IRA plan to another financial institution
Dividend Rates	.45% APY^† 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Dividend Payment Options	Compounded on IRA balance Transferred into another account Withdrawn by check
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 IRAs visit our IRA Central, e-mail info@abricu.com or call (815) 267-7700 or (866) 469-6228