Retirement Accounts Are Now Insured to $250,000
Congress has permanently raised the limit on deposit insurance from $100,000 to $250,000 for IRAs (traditional and Roth). This means that Empower Credit Union is now insuring your retirement funds up to $250,000, separate from any other deposits you may have with us.
For your investment needs, we have several IRA options including an IRA Statement Variable Rate Account and several IRA Share Certificate Accounts ranging in terms from one to three year(s). We also give you additional investment opportunities with Traditional and Roth IRAs. The Roth IRAs are after-tax investments, with tax-free earnings and withdrawals (providing you meet all IRS requirements). Traditional IRAs are tax-deferred investments.