USE Credit Union
Checking & Savings


Tax-Deferred Growth. No Annual Fee.
And A Full Range Of Investment Choices.

First things first: What is an IRA? Think of it as a savings account with serious tax advantages. Many people mistakenly think an IRA is a type of investment (like stocks, bonds or money market accounts) when in truth it’s an Internal Revenue Service (IRS) designation that bestows tax advantages1 on the type of investment vehicle you choose. That’s why USE Credit Union offers a variety of account types, from savings, Money Market, Term Investments and more, that can be opened as IRAs. Although there are different types of IRAs, all of them give you significant tax breaks that help you reach your retirement goals.

  • Traditional IRA. Still the most popular IRA choice for  individuals, a traditional IRA offers tax-deductible contributions for many taxpayers as well as tax-deferred earnings while your money grows.
  • Roth IRA. Allows you to grow your money tax-free until you retire then receive income without paying taxes on your eligible distributions.
  • Simplified Employee Pension (SEP) IRA. Whether you’re self-employed or a business owner with employees, a SEP IRA allows you to make pre-tax contributions to traditional IRAs established for yourself or your eligible employees.
  • Coverdell Education Savings Account.Designed especially for parents, a Coverdell account lets you save for your children’s education. Not only do your contributions grow tax free, but the proceeds can be withdrawn tax free to pay for qualified education expenses.

Opening A New IRA
Saving for your retirement is one of the most important financial decisions you can make. That’s why USE Credit Union created  Retirement Central® – a one-stop online resource that gives you the tools you need to open your IRA from the comfort of your computer. You can also open your account at any local USE branch or call 866.USE.4.YOU for more information.

More Investment Choices
Credit Union can help there, too. We’ve partnered with LPL Financial, Inc. to give you additional investment options that may be right for you. Visit the investments section of our website to learn more and to make an appointment with our dedicated LPL financial advisor.

1. Please consult a professional tax advisor regarding your personal situation..


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