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Ohio Educational CU
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IRAs (Individual Retirement Accounts)

OHecu offers a choice of IRAs to meet your specific savings requirements and objectives.  All provide risk-free investment and important tax benefits. IRAs must be opened at an OHecu office. Stop in with two forms of Identification to open one today!

Traditional IRAIRAs image

OHecu Traditional IRA allows you to contribute up to $5,500 annually ($6,500 if you are age 50 or older), and your earnings are tax-deferred (Be sure to consult with your tax advisor). Contributions can be withdrawn at any time, without penalty.* This is an important advantage over accounts that “lock in" your funds until maturity.

Roth IRA

OHecu Roth IRA allows you to contribute up to $5,500 annually ($6,500 if you are age 50 or older), and your earnings are tax-free (Be sure to consult with your tax advisor).

IRA Share Savings

IRA Share Savings Accounts offer a very competitive dividend rate to members who want short-term savings. The IRA Share Savings Account is a variable rate, dividend-bearing account offering you the ability to earn, while providing you the ability to manage your retirement money.  Contributions can be withdrawn at any time, without penalty. * This is an important advantage over accounts that “lock in’ your funds until maturity. The dividend rates on this account are subject to change at any time. Click here to see current rates.

IRA Term Share Certificates

IRA Term Share Certificates are available for any maturity from 6 months to 5 years. The minimum deposit to open an IRA Term Share Certificate is $500. Click here to see current rates.

*Subject to IRS Rules and Regulations. Be sure to consult your tax advisor.