Education Savings
Planning for education expenses can be an overwhelming task.  Let us help you with a Coverdell Education Savings Account (ESA).  Save for education on a tax-favored basis with Savings, Money Market or Certificate options.  We recommend that you speak with your tax advisor for details.
We also know that parents and grandparents may be an important source of financial assistance.  Talk with them about regular contributions using direct deposit or transfers, even from other financial institutions.

There's absolutely no risk, your earnings are guaranteed, and your savings are federally insured by the National Credit Union Administration (NCUA). 

Here’s how it works:
Contribute up to $2,000 per year, per child
Contributions are made with after-tax money
Earnings are tax-free
Withdrawals for qualified education expenses are tax-free
Funds can be used for qualified higher education as well as qualified K-12 tuition and expenses
The beneficiary (child) must be 17 or under to be eligible for an ESA

To open an ESA account or for more information, simply call a member service representative at (888) 858-6878.

Stated contribution limits are for 2012 tax year and may change for future tax years.  Fees may reduce earnings and a penalty may be imposed for early withdrawals. Additional penalties may be assessed by federal and state tax authorities under regulations governing IRAs.

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