Beware of Unidentified Calls or Voicemails About Your Credit or Debit Card
If you receive an unidentified call or voicemail about your credit or debit card, and you believe it to be fraudulent, please hang up immediately and contact us at 800-475-1150. We are available to assist you.
Important Tips: Never provide your credit or debit card information to someone who calls you unsolicited. Be suspicious of any caller who asks for your personal information, such as your Social Security number or bank account number. If you are unsure about the legitimacy of a call, hang up and call us directly at 800-475-1150. We will never contact you to ask for your personal information. A message from Collins Community Credit Union will always include identification.
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Save for your future with a Roth IRA
The Roth IRA is a nondeductible account that offers tax-free withdrawals with certain criteria after the five-year holding period. As long as you have earned income, you are eligible to establish a Roth IRA.
Who can contribute?
You are eligible if you earn compensation and your MAGI (Modified Adjusted Gross Income) is less than the defined limits set by Congress. If your MAGI is too high to contribute the annual contribution limit, you may be able to make a smaller contribution.
How much can I contribute?
|Tax Year||Under 50 - Years Old||Over 50 - Years Old|
Contributions cannot exceed compensation.
What are the tax advantages?
- Earnings are tax-deferred and withdrawals are tax-free if the account is open for five tax years, and withdrawals are for a qualified reason (age 59 1/2, disability, death, or a first-time home purchase**)
- Not required to start withdrawals at age 70 1/2
When can I withdraw without restrictions?
- Regular contributions can be withdrawn tax-free and penalty-free at any time
- After the account has been open five tax years, earnings can be withdrawn tax-free and penalty-free for any of these reasons: age 59 1/2, disability, death, or first-time home purchase**
A transfer fee will be charged on all transfers out of the account as listed on the Fee Schedule. This fee may be waived for certain transfers.