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Individual Retirement Account Comparsion

"Don't let yesterday use up too much of today." It's another famous quote from Will Rogers, but we take it a step further: don't let today use up tomorrow.

Red River offers a number of tax-advantaged IRA options to help ensure your financial future is strong. No set up fees and superior personal service get you and your family on the road to long-term security.

Coverdell Education Savings Account

  • Interest grows tax free
  • Withdrawals are tax free when used for qualified education expenses***
  • Contributions are not tax deductible
  • No income restrictions or limits to open
  • Beneficiary must be under 18 at time of opening

*Consult with a tax advisor.

**Earnings are only tax-free if the account has been open for 5 years.

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

IRAs Include:

  • No annual fees
  • No set up fees
  • Personalized local service
  • Long-term savings with tax advantages
  • NCUA insured
  • Free AD&D insurance (Accidental Death & Dismemberment)

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About Red River FCU

Red River Federal Credit Union is a member-owned financial institution dedicated to providing reliable banking, competitive loans, and convenient digital services to help our community thrive.