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	First Credit Union offers a variety of savings and investment programs. Choose one or more that best fit your needs.

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Investments

IRAs

First Credit Union IRAs

IRAs are tax deferred and potentially tax free earning programs designed to help you save for retirement. An IRA is a very important part of any investment program. We have several plans available, including Traditional, and Roth IRAs. Penalties may be imposed for early withdrawal.

Recent legislation reforming federal deposit insurance has increased share insurance limits to $250,000 for retirement accounts such as Traditional and Roth IRAs (Individual Retirement Accounts). IRA accounts are insured separately from other First Credit Union accounts. This increase went into effect on April 1, 2006. Our IRA professionals can help you compare your options so that you can determine which one is the best for you.

Traditional IRA

Anyone under age 70 1/2 who has earned compensation (or is filing jointly with a spouse who has earned compensation)

Tax Benefits

•	Many people can deduct contributions on their tax returns.
•	All earnings are tax-deferred.
•	Taxable distributions are penalty free for a first-time home purchase*, certain higher-education expenses and large medical costs.

Roth IRA

Anyone who has earned compensation (or is filing jointly with a spouse who has earned compensation) with the following modified adjusted gross income:

•	Up to $101,000** (single filers).
•	Up to $159,000** (joint filers).

Tax Benefits

•	Earnings are tax-free and penalty free if account is open for five years and withdrawn for a first-time home purchase*, age 59 1/2, disability, or death.
•	Not required to start withdrawals at age 70 1/2.

*Lifetime limit for exemption on a first-time home purchase is $10,000 per person. **Reduced contributions for higher incomes.

NCUA Federally Insured
All funds deposited in the credit union are federally insured to at least $250,000 and backed by the full faith and credit of the United States Government by the National Credit Union Administration, an agency of the U.S. Government. In addition, IRA funds are insured separately to $250,000 by the NCUA.

How to Join

You may complete an online application or fill out a printed application and take or mail it to the nearest First Credit Union branch . With your application you must:

•	Include a minimum deposit of $5. Provide a copy of your driver's license and a secondary form of identification.
•	You may also open your account by arranging for a payroll deduction, net pay deposit, or a direct deposit through your payroll department.

Add a New Account for IRAs

If you currently have a First Credit Union account and would like to add an additional account please complete the following:

•	Complete an online application or a printed "New Account Request" application. Once you have completed your application, take or mail it to the nearest First Credit Union branch.
•	Include a minimum deposit of $5. Provide a copy of your driver's license and a secondary form of identification.