A Simplified Employee Pension (SEP) plan is for those who are self-employed, and wish to make larger contributions than Traditional or Roth IRAs limitations will allow.

Share

• Open a SEP IRA Share with $25 balance to start with no fixed term
• Contributions and dividends are tax-deferred
• Contributions subject to income limitations
• No penalty from Credit Union for withdrawals (IRS penalties may still apply)
• No maintenance fee
• Rates vary. See rates page

Certificate

• Open a SEP IRA Certificate with $500 to start at a fixed term
• Certificates will automatically roll over at maturity, with the same term and current rate unless member request different
• Deposits subject to income limitations
• Subject to early withdrawal penalties (IRS penalties may also apply)
• No maintenance fees
• Rates based on Certificate term, see below.