Education Accounts

Education Accounts (aka Coverdell IRA's):

Unlike traditional and Roth IRA’s, Coverdell IRA’s are not tools for retirement savings. They are designed solely to help pay higher education expenses.

  • Earnings on the funds in a Coverdell IRA will be tax free (if used to pay for higher education expenses before the designated beneficiary reaches age 30)
  • Earnings are taxable to the designated beneficiary (not the responsible individual or contributor) if withdrawn for other purposes.
  • Encourages a savings program for a child’s education
  • Persons such as grandparents, aunts, uncles, or other family members can fund the IRA
  • Start-up fee $10.00
  • Annual maintenance fee $10.00
  • Close Account fee $10.00
education
become-a-member

Membership

Rimrock Credit Union is member-owned. Profits are returned to our members in the form of higher divided rates paid on share accounts and lower rates charges on loans.

image_3

Personal Loans

A Personal Loan can help consolidate high interest debt into one low-cost payment, or provide that extra cash for your personal or home improvement needs.

E-statement-billpay

Online Banking

Online Banking from Rimrock Credit Union is an account management tool that fits your schedule. It's FREE and available 24 hours a day, seven days a week.