Pines 1

IRAs (Traditional, Roth and Coverdell Education Savings Accounts)

IRA Deposit Insurance

IRAs are insured separately from other CPFCU deposit accounts. Individual Retirement Accounts are federally insured by the National Credit Union Administration up to $250,000. Up to $250,000 in additional insurance coverage on IRA deposits is provided by ESI (Excess Share Insurance, Inc.), a division of American Share Insurance, the nation’s largest provider of private share insurance since 1974.

Therefore, IRAs with Coosa Pines FCU have combined insurance coverage of up to $500,000, which is separate from the insurance covering all other credit union deposit accounts.

IRA Withholding Notice

Fees could reduce the earnings on the account.

Back to IRAs.