Retirement Accounts

You have a lot to look forward to. Plan ahead to make it all happen.

  • Traditional and Roth IRAs
  • Savings and CD options
  • Range of tax advantages
Traditional and Roth IRAs
Savings and CD options
Range of tax advantages

Life's next chapter could be the best one yet

All those things you want to do. All those places you want to go. When you look ahead to retirement, thoughts turn to relaxation, adventure, family and friends. With a WCCU Individual Retirement Account, you can start saving the money you need to live the lifestyle you choose.

  • Contribute up to $6,000 a year ($7,000 if over age 50)
  • Tax-advantaged Traditional and Roth IRAs available
  • With Traditional IRAs, you may be able to take tax deductions each year you make a contribution
  • With Roth IRAs, all withdrawals are tax-free
  • With both types of IRAs, annual dividends are tax-free

IRA Savings Account

  • Minimum of $25 to open
  • Earn competitive dividends
  • No monthly service charges
  • Any deposit amount allowed at any time

IRA Certificates of Deposit

  • $500 minimum to open
  • Terms range from 3 months to 60 months
  • In general, longer-term CDs pay higher dividend rates

Coverdell Education Savings Accounts

Coverdell accounts are often called Education IRAs because they share some of the same tax advantages as retirement accounts. Money must be spent on elementary school, secondary school or college expenses.

  • Maximum contributions of $2,000 per year per student
  • All family members - including parents, grandparents, aunts and uncles - can contribute to the same account
  • Funds grow tax-free and withdrawals are tax-free if used for qualified educational purposes
  • Eligible expenses can include tuition, fees, books, supplies, equipment, tutoring, special needs services, and computer technology

Looking for more an investment or higher return? Speak to our Wealth Management group, MEMBERS Financial Services* or contact Wayne Lagasse, Wealth Management Vice President, at 401.596.7000, ext. 2012, or at wayne.lagasse@cunamutual.com. Please note that email is not secure.

Westerly Community Credit Union is a full-service credit union with Rhode Island branches in Westerly, Richmond and Wakefield.

Checking
Choose a Checking Account that fits your needs.

Member Financial Services

WCCU's wealth management program offers services related to insurance, business and retirement planning.
*The MEMBERS Financial Services program is offered through CUNA Brokerage Services, Inc.*, a broker/dealer focused on serving credit union members. CUNA Brokerage Services, Inc. is an affiliate of CUNA Mutual Group. For more information about CUNA Brokerage Services, Inc., please visit cunabrokerage.com. MEMBERS Financial Services Financial Professionals are registered representatives of CUNA Brokerage Services, Inc. Representatives are registered, securities sold, advisory services offered through CUNA Brokerage Services, Inc. (CBSI), member FINRA/SIPC, a registered broker/dealer and investment advisor, which is not an affiliate of the credit union. CBSI is under contract with the financial institution to make securities available to members. Not NCUA/NCUSIF/FDIC insured, May Lose Value, No Financial Institution Guarantee. Not a deposit of any financial institution. CUNA Brokerage Services, Inc. is a registered broker/dealer in all fifty States of the United States of America. FR-2627718.1-0719-0821

Review Mr. Lagasse's background on FINRA's BrokerCheck