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Look to the Zia to brighten your future. Choose from two IRA options for retirement, or our ESA to help you get through college.

Key Features

  • Competitive Dividends
  • No Setup or Maintenance Fees
  • Tax Advantages1
  • Tax-advantaged1 retirement savings
  • Earn higher dividends than regular savings rates
  • No setup or maintenance fees
  • Annual contribution limits
  • Additional $1,000 "catch-up" contribution allowed for ages 50+
  • No limits on rollover funds from existing IRA
  • Funds can be used to purchase CDs. within IRA
  • No minimum deposit to open
  • Federally insured to $250,000 by NCUA


  • Anyone under age 70½ may open
  • Contributions are tax deductible on state and federal income tax1
  • Earnings are tax deferred until withdrawal (when usually in lower tax bracket)
  • Withdrawals can begin at age 59½
  • Early withdrawals subject to penalty2
  • Mandatory withdrawals at age 70½


  • Income must be less than $120,000 annually to open ($177,000 for married couples)
  • Contributions are NOT tax deductible
  • Earnings are 100% tax free at withdrawal
  • Principal contributions can be withdrawn without penalty3
  • Withdrawals on interest can begin at age 59½
  • Early withdrawals on interest subject to penalty2
  • No mandatory distribution age

1Consult with a tax advisor.

2Certain exceptions apply, such as healthcare, purchasing first home, etc.

3Subject to some minimal conditions.

Once called the Education IRA, a Coverdell Education Savings Account (CESA) provides tax-free earnings when the funds are used for a very specific purpose — education expenses.

There are no age or compensation requirements to open and contribute to a CESA; you do not even need to be related to the student you are contributing for. The interest is 100% tax free and withdrawals can be made at any time when used for qualified education expenses.

  • No annual fee
  • Interest grows tax free
  • Withdrawals tax free when used for qualified education expenses1
  • Contributions are not tax deductible
  • Maximum annual contribution limits per child
  • Contributions can be made until the child is 18 years old
  • Funds must be distributed when recipient reaches age 30
  • Contributors do not have to be related to recipient
  • Federally Insured by NCUA

1Qualified expenses include tuition and fees, books, supplies, board, etc.

1Consult your tax advisor.


Payments from your IRA are subject to federal income tax withholding, unless you elect no withholding.

You may change your withholding election at any time prior to your receipt of a payment. To change your withholding election, complete the appropriate form provided by your credit union.

Withholding from IRA payments, when combined with other withholding MAY relieve you from payment of estimated income taxes. However, your withholding election does not affect the amount of income tax you pay.

You may incur penalties under the estimated tax rules if your withholding and estimated tax payments are insufficient.