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Certificates/IRAs

This certificate allows you to plan out your savings by providing guaranteed returns that you can access on a set maturity date. With a minimum deposit of $1,000, you'll earn high dividends from our competitive-rate CDs. Select the term that is right for you with maturities up to 60 months. Check our current rates, or call any branch for a quote for the amount you would like to invest. Rest assured knowing your deposits are insured by NCUA and ESI.

A Traditional Individual Retirement Account (IRA) allows you to increase your investments for the years ahead with tax-deductible contributions depending on your income. Any member under the age of 70 ½ with earned income may deposit up to the allowable contribution per year or 100% of annual compensation, whichever is less, into a traditional IRA account. A traditional IRA defers federal income taxes on the earnings. Contribution limits and tax-deferred amounts are dependent upon your adjusted gross income and participation in other qualified plans.

  • All IRA options offered may be put into either an IRA share account or IRA share certificate.
  •  IRA share accounts pay dividends quarterly.
  •  IRA share certificates pay dividends for a specified term and rate.
  •  AlaTrust accepts rollovers, transfers, and lump sum distributions from qualifying retirement plans.
  •  Penalties apply for early or unqualified withdrawals.
  •  The NCUA insures IRAs up to $250,000. ESI insures IRAs up to an additional $250,000.

A Roth Individual Retirement Account (Roth IRA) allows you to pay taxes on your retirement now instead of later. Members with earned income may contribute up to the allowable contribution per year to a Roth IRA. Higher income levels may qualify for reduced contributions. Unlike the traditional IRA, the Roth IRA has no mandatory withdrawal age. Participants can also make contributions past age 70 ½ if earning income. Contributions to Roth IRAs are not tax-deductible; however, the earnings may be tax-free if the withdrawals meet certain criteria as established by the Internal Revenue Service.

  • All IRA options offered may be put into either an IRA share account or IRA share certificate.
  •  IRA share accounts pay dividends quarterly.
  •  IRA share certificates pay dividends for a specified term and rate.
  •  AlaTrust accepts rollovers, transfers, and lump sum distributions from qualifying retirement plans.
  •  Penalties apply for early or unqualified withdrawals.
  •  The NCUA insures IRAs up to $250,000. ESI insures IRAs up to an additional $250,000.

View Rates  Open an Account

Attention DROP Participants

Roll over your DROP Account or other funds into a Safe, Secure, and Stable AlaTrust Credit Union account. You can avoid tax penalties and roll over your DROP account to an IRA Certificate at AlaTrust Credit Union. Fill out the Request for Distribution for DROP (RSA 10 D-D) form and the Request for DROP Termination (TRS 10 D-C) form by clicking the link below and return both to the TRS. Then contact AlaTrust at 800-264-8031 to open the IRA account and set up your withdrawal methods. Your payment will not be taxed in the current year, and no income tax will be withheld.

DROP Form

Call or Email today and Start Building Your Nest Egg today!