Share Certificate & IRA Accounts

Term Shares (CDs)

We offer term share certificates at competitive fixed rates and terms. The minimum deposit is $1,000 or $10,000. Terms of 6-, 12- and 24- months are available. You have the option of choosing to have a monthly dividend paid to you by check or transferred to your regular share account or just have the total dividends available to you at maturity. Early withdrawal penalties do apply.

IRA Share Account

Use an IRA Share Account to accumulate retirement funds for an IRA certificate. It works like a regular share savings account and gives you the ability to make deposits at your own pace. You may choose to purchase an IRA Certificate when you've accumulated your annual contribution. The minimum opening deposit is $25, with dividends being compounded and credited monthly (as determined by the Board of Directors). Early withdrawal penalties do apply.

IRA Share Certificates

We offer IRA Certificates at competitive fixed rates and terms. Choose a term of 12 or 24 months. The minimum deposit is $1,000 or $10,000, with dividends being compounded and credited quarterly. Early withdrawal penalties do apply.

IRA Accounts: Traditional, Roth or Coverdell ESA


Traditional IRA, Roth IRA, Education IRA...Whatever your choice, we can help you save for the future. Your IRA savings are insured separately from your regular savings, offering you an additional $250,000 of protection.

IRAs may offer an immediate tax deduction, as well as tax-deferred earnings. (Consult your tax adviser for details.) IRA funds cannot be pledged as collateral for a loan.

Helping you capture your retirement dreams for every stage of your life!

  • Starting your Career
  • Planning as a Family
  • Buying a House
  • Growing your Family
  • Funding your Child’s Education
  • Changing Jobs
  • Stock Market Concerns
  • 50th Birthday!
  • Birth of a Grandchild

What choices do you have?

You may have a 401K plan at work, but is it enough?  Cy-Co Federal Credit Union IRAs have a guaranteed rate of return and are ideal for those changing jobs, rolling over from a traditional IRA to a ROTH, or if an employer has no qualified retirement plan.  You can still have a qualified retirement plan at work, along with both a traditional and a ROTH IRA, insured up to an additional $250,000 each by the NCUA.   

Am I eligible for an IRA?

Depends on what IRA account type you would like to open. If you are eligible, you can contribute to both Traditional and ROTH IRAs.  The Traditional IRA has an age limit of 70 1/2.  Contributions can be 100% of earned compensation up to $5000 or $6000, if you are 50 or older.  If you earned $500, then you can only contribute up to $500 to your retirement in that year. The Traditional IRA can be a spousal IRA as long as one spouse has earned compensation, and you file your income tax returns jointly. 

The ROTH has no age limits, but it does have income restrictions.  A single filer’s earned compensation cannot exceed $120,000 and a married, joint filer’s income cannot exceed $177,000.  This information is current as of May 2010.

How much can I contribute?

You can contribute 100% of your compensation, up to the annual contribution limit for the year.  The individual contribution limit is $5000 and an additional $1000 as a catch-up contribution if you are 50 or older.  The individual contribution limits are the same for both traditional and ROTH IRAs. 

Credit Union IRAs for every stage of your life.

Job Change or Job Loss

Starting over at a NEW JOB can be stressful enough.  Don’t take your vested retirement money and play with it.  The IRS frowns upon early withdrawals, and this would be a good chance to ROLL OVER funds from a previous employer’s retirement plan into an IRA at Cy-Co FCU.

No Employer Pension Plan

Discuss the benefits of saving for retirement with us.  An individual retirement account or a ROTH offers PROTECTION, FLEXIBILITY, and PORTABILITY.

Insurance and Protection

You want INSURED investments for your retirement savings and we offer IRAs that are insured in the aggregate up to $250,000 by the NCUA.

Birth of a Child

This is an alternative for saving for your child or grandchild’s EDUCATION.  A Coverdell Savings Account is an ideal way to protect and plan against increasing education costs. 

Happy 50th Birthday!

Did you know owners of IRA accounts AGE 50 or older can make an additional “catch-up” contribution.  Open an account today at Cy-Co Federal Credit Union and contribute the maximum amount!



* Holiday Loans Are Available *



The credit union is now located next

to the Cornerstone Chemical Company fitness center.




2 New loans being offered here at the Credit Union. 

"Caring and Sharing Helps" or the Caring and Sharing Helps Too" Loan.

Click here for more information


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