An IRA allows you to set aside funds for your retirement and may reward you by deferring income taxes until the year you withdraw the funds. We offer Traditional, Roth, and Educational IRAs. Remember, your combined IRA savings and IRA certificates are insured up to $250,000 by the National Credit Union Administration, an agency of the US Government, in addition to the insurance of up to $250,000 on regular savings and regular certificates. Dividends are compounded quarterly.
FAIR MARKET VALUES
Your year-end Fair Market Value on your IRA at DMMCU can be determined by taking the total of your IRA certificates and your IRA share savings (account types 08,13,14, and 19) from your year-end statement. Contact Sharon or Tania at (515) 283-4195 with any questions.