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 We Have The Right Account For You!
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| Regular Savings-save for a goal! Apply today! |
| Looney Tunes Savings-for those under 13, a fun way to learn the importance of saving. Click here to find out more information. |
| Classic Checking-pays dividends, $100 to open, a low $5.00 monthly service charge if the average daily balance drops below $500, free Home Banking, Free e-Statements, and free Bill Payment. |
| VISA Checking-no minimum to open, monthly no service charge, free Home Banking, free e-Statements, and free Bill Payment. |
| Term Share Certificates-competitive rates on terms from 3 months up to 3 years. Click here to see what "specials" we are currently offering. |
| IRA's-Savings, Certificates and Roth. |
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Reduce Your Taxes - Invest In An IRA
Provide For Your Retirement - Start An IRA Account Today
Today, more than ever before, one of the greatest challenges facing American workers is assuring their financial security in retirement. With uncertainty over the adequacy of Social Security to meet the needs of future retirees, Americans now and in the future will be forced to rely more heavily on their own resources to support their retirement lifestyle.
At the same time, the world of employer-based pensions is changing. Much less common today is the employer-sponsored defined benefit plan, the kind of plan that assures former employees of a dependable income throughout their retirement years. The pension world is changing to one in which employees must make the decision to save for retirement. Even if an employer plan is available, employees may be required to make most or all of the contributions.
By funding your IRA for 2005 as early as possible you can enjoy up to 15 months of potential earning power. Many people wait until April 15 to make the previous year's contribution to their IRA, which can rob them of the opportunity for 15 months of compounding interest.
If you are an eligible individual and fall within certain income limitations, you may be eligible for a tax credit of up to 50 percent of your retirement savings contributions that do not exceed $3,000 in 2004, $4,000 in 2005 and $5,000 in 2008. There are many factors involving what can be contributed and by whom. Please contact our Member Services Department for more information. Call 214-357-3328, Toll Free 888-344-9994 or email services@ecudallas.org.
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