Investment Certificates
Individual Retirement Accounts (IRAs)

Investment Certificates
Open an Investment Certificate with as little as $2,500. Choose from our flexible terms ranging from 6 months to 5 years. Dividends are compounded daily and paid quarterly and at maturity using the daily balance method.

Boost Certificates: Our Boost Certificates are one of our most unique savings products ever. You may "boost" your rate one time during the certificate term to our current rate for that term. This special feature provides protection against rising interest rates and you decide when to bump-up your rate. Choose a 2, 3 or 5-year term with a minimum deposit of $2,500.

Enjoy 24-hour access to your account via our TeleTeller and Internet Teller services. Your Investment Certificate can also be used as collateral for a low-rate Certificate Loan.

Interested? Open an Investment Certificate online, or email or call our Information Center at (858) 487-1880 for an application.

Individual Retirement Accounts (IRAs)

IRAs have always been a good way to save for your day in the sun. Traditional IRAs offer tax-deferred earnings and the opportunity to deduct your contributions from your tax return. Roth IRAs offer the potential for tax-free withdrawals, including your earnings.

And now you can get even more out of those tax benefits. Here's why:

Higher Annual Contribution Limits
Starting in tax year 2005, you may put up to $4,000 per year into your Traditional or Roth IRA. And the annual contribution limit keeps on growing -- to $5,000 in tax year 2008, with adjustments for inflation thereafter. These increases mean greater growth potential for your IRA.

Catch-up Contributions
If you're age 50 or over, catch up on your retirement savings by making catch-up contributions to your IRA. In other words, you can exceed the regular annual contribution limit by $500 from tax year 2002 through tax year 2005. The catch-up amount increases to $1,000 for 2006 through 2010.

More Rollover Options For Your Retirement Plan
When you retire or change jobs, rolling your retirement plan assets into an IRA instead of taking a cash payout helps you delay federal income taxes, and avoid mandatory federal withholding and applicable penalties. In the past, you could only rollover taxable distributions from 401(k) and 403(b) plans to an IRA. But now, funds from governmental 457(b) plans are also eligible for rollover into an IRA.

Tax Credit For IRA Contributions
If you're a low- or middle-income wage earner, you could qualify for up to a 50% tax credit ($1,000 maximum) on your IRA contributions from tax years 2002 through 2006. For example, depending on your adjusted gross income, you could make a $2,000 contribution to a Traditional or Roth IRA and produce a $1,000 tax credit.

Coverdell Education Savings Accounts Are Worth The Effort
With generous contribution limits ($2,000) per child, Coverdell Education Savings Accounts (ESAs) are a powerful way to save for educational expenses.  You can enjoy tax-free earnings, and withdrawals may be used for a wide variety of purposes including computers, books and tuition for students from elementary school through college.

You're even more likely to qualify for Education IRA contributions, since the new rules increased the income limits for married taxpayers filing jointly. See your tax adviser for eligibility details.

The Grass Is Greener At North County Credit Union

Secure the benefits of tax-deferred earnings and competitive yields of a federally-insured North County CU IRA. Contributions may be fully or partially tax-deductible. All of our IRAs are accessible via our TeleTeller and Internet Teller services. Take a look at our different IRA products:

• Fixed Rate Certificates
• Boost Certificates
• Variable Rate Certificates
• IRA Savings Account

Fixed Rate IRA Certificates (Traditional, Roth and Education) – Open with a minimum deposit of $1,000. Choose from terms ranging from 6 months to 4 years (1 to 4 years only for Education IRA Certificates). Dividends are compounded daily and paid quarterly and at maturity using the daily balance method.

Boost Certificates (Traditional and Roth) – Our Boost IRACertificates are one of our most unique savings products ever. You may "boost" your rate one time during the certificate term to our current rate for that term. This special feature provides protection against rising interest rates and you decide when to bump-up your rate. Choose a 3 or 5-year term with a minimum deposit of $1,000.

Variable Rate IRA Certificates (Traditional and Roth) – Our Variable Rate Certificates are for members who believe they will receive higher returns if their rate is tied to the interest rate market instead of a fixed rate established by the credit union. Open a Variable Rate Certificate with a minimum deposit of only $1,000 and choose a 2 or 3-year term. Dividends are compounded daily and paid quarterly and at maturity using the daily balance method.

IRA Savings Account (Traditional, Roth and Education) – Members typically use this account when they don't have enough funds to open an IRA Certificate, or if they are approaching retirement and don't want to lock-in funds.

Our IRA Savings Account requires a minimum opening deposit of $100. Dividends are paid quarterly based on a daily balance of $100 or more. Use payroll deduction or direct deposit to conveniently build your retirement savings.