Tuition costs continue to rise, which is why it's more important than ever to save for your child's education.
With a Coverdell Education Savings Account (CESA), members who meet earnings requirements can contribute up to $2,000 per year until their child's 18th birthday. The CESA can be used to pay for elementary, high school or college education expenses.
And here's where the good news comes in: no taxes apply to the account's earnings, and withdrawals are tax- and penalty-free as long as they go towards education expenses.
Features and Benefits
- Tax-free earnings and disbursements
- One account per child may be opened
- Earnings restrictions apply
Questions?
For more information on opening an account, send us an email or give us a call today.
Online Banking
Convenient, fast and secure access to your accounts, 24/7.
Mobile Banking
Use, move and manage your money no matter where you are.
Over 64,000 ATM and Branch Locations
Access to more fee-free locations across the United States than many big banks.
Unparalleled Service
We build lifelong partnerships with our members. Welcome to red carpet treatment.
Member Discounts
Enjoy private discounts, offers and deals available exclusively to members.
Absolute Security
Savings are insured up to $250,000 by NCUA. Not a single penny of federally insured savings has ever been lost.
