Share Certificates

Our Share Certificates are safe investment products, which offer guaranteed returns, with higher balances earning higher rates. We offer minimum deposits of just $500 with flexible terms ranging from 3 to 60 months.
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Money Market Accounts

Enjoy competitive dividend rates on high balance liquid accounts. Our money market savings account allows you to earn a high rate – and have access to your money when you need it. We offer two types of money market accounts, starting with a minimum deposit of just $500. You’ll receive a free starter kit of checks and can make six withdrawals per month (i.e. check, draft, debit card, online and Bill Payer transactions).
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Club Accounts

Savings Club Accounts are a great way to set aside a little money each pay period to save for holiday expenses, a special vacation, or any unexpected expense, which inevitably happens from time to time. For as a little as $5.00, you can open this account and utilize automatic transfers each pay period, to make saving easy and definite. This account earns the same interest rate as the traditional savings account.

Kids’ Count Account

Your children will learn about money and savings through you. What better way to get them started than with an Aspire FCU Kids’ Count. You only need one dollar to open a Kids’ Count for youngsters under the age of 18.

Custodial Accounts

A Custodial Account is another savings vehicle for your children. It allows you to save money for your child’s future needs, while shifting taxes on the account’s earnings to the child’s lower tax rate. Please consult your tax advisor for complete details and specific advice.

Individual Retirement Accounts (IRAs)

Traditional • Roth • Advantage Accumulation • Coverdell Educational

Aspire FCU offers many IRA products to enhance your retirement plan. You may choose from Traditional and Roth IRAs, Coverdell Education Savings Accounts, as well as, an Advantage Accumulation IRA, which utilizes the convenience of Direct Deposit to build up your savings automatically. Most important, your funds are safe at your Credit Union. Your accounts are insured up to at least $250,000 by the National Credit Union Administration, NCUA, a US Government Agency. You will find a comprehensive description of IRA plans and regulations below; please consult your tax advisor for guidance.  Contributions may be fully or partially tax deductible or non-deductible.  Please consult your tax advisor for your specific tax advantages.

Traditional IRAs Dividends are tax-deferred until distribution. No penalties on withdrawals if taxpayer is: 1) Age 59 1/2, 2) Buying a first home ($10,000 lifetime maximum), 3) Paying for college expenses or 4) Disabled or deceased. Contributions can me made at any time until April 15th of the following year Withdrawals of contributions and earnings are subject to 10% penalty unless taxpayer is: 1) Age 59 ½, 2) Buying a first home ($10,000 lifetime maximum), 3) Paying for college expenses or 4) Disabled or deceased. 2009 and 2010 tax years: Contribute up to $5,000 per individual annually ($6,000 if age 50 or over) or 100 percent of your earned income, whichever is less provided that income from compensation is equal to or greater than the IRA contribution. Spousal Contributions: The maximum contribution amount can also be made to a nonworking spouse's IRA—subject to certain requirements. Note: The maximum contribution amount can be deposited into a Traditional IRA, a Roth IRA or split between the two. The deductibility of your contribution varies depending on your Modified Adjusted Gross Income (MAGI) and whether you have a retirement plan at work. If you are covered by a retirement plan at work: 2010 tax year: Fully deductible if MAGI is less than $56,000 (single) or $89,000 (joint); partially deductible if MAGI is between $56,000 and $66,000 (single) or $89,000 and $109,000 (joint). No deduction if MAGI is over $66,000 (single) or $109,000 (joint). If either you or your spouse is covered by a retirement plan at work (but not both): 2010 tax year: Fully deductible if your MAGI is less than $167,000; partially deductible if MAGI is between $167,000 and $177,000; not deductible if MAGI is over $177,000. Neither spouse participates in a qualified plan: Contributions are deductible. Maximum Annual Contribution Amounts: Traditional and Roth IRAs Year Under Age 50 Over Age 50 2007 $4,000 $5,000 2008 $5,000 $6,000 2009 $5,000 $6,000 2010 $5,000 $6,000 *Distributions prior to age 59 1/2 are subject to a 10% IRS early withdrawal penalty unless: Roth IRAs Dividends are tax-free upon distribution Contributions cannot be tax deductions Contributions may be withdrawn tax-free at any time. Earnings may be withdrawn tax-free if account has been open 5 years and taxpayer is: 1) Age 59 1/2, 2) Buying a first home ($10,000 lifetime maximum) or 3) Disabled or deceased. Contributions from conversion IRAs must remain on deposit for 5 years to avoid withdrawal penalty. Contributions can me made at any time until April 15th of the following year For 2010 tax year, maximum yearly contribution phased out between MAGI of $105,000 and $120,000 (single) and $167,000 and $177,000 (joint). Withdrawals of earnings are subject to taxes and a 10% penalty unless taxpayer is: 1) Age 59 ½, 2) Buying a first home or 3) Disabled or deceased. Withdrawals of earnings for college expenses will be subject to taxes but not penalties. Withdrawals must begin at age 70 ½. 2009 and 2010 tax years: Contribute up to $5,000 per individual annually ($6,000 if age 50 or over) or 100 percent of your earned income, whichever is less provided that income from compensation is equal to or greater than the IRA contribution. Spousal Contributions: The maximum contribution amount can also be made to a nonworking spouse's IRA—subject to certain requirements. Note: The maximum contribution amount can be deposited into a Traditional IRA, a Roth IRA or split between the two. Maximum Income Requirements to Contribute to Roth IRA’s Filer Type Full Contribution - if your adjusted gross income is less than: Partial Contribution - if your adjusted gross income is between: Single Filer $95,000 $95,000 to $110,000 (no contribution if over $110,000) Married filing jointly $150,000 $150,000 to $160,000 (no contribution if over $160,000) After 2008, the contribution limit will be adjusted annually for inflation in $500 increments *Distributions prior to age 59 1/2 are subject to a 10% IRS early withdrawal penalty unless: Advantage Accumulation IRAs This IRA is perfect for individuals that find it easier to make a number of smaller contributions over a longer period of time. The Advantage Accumulation IRA can be classified as Traditional or Roth. Once it is classified, you will be able to enjoy all the features and restrictions of that particular type of IRA. Open an account with as little as $5 No set term Earn competitive, variable dividend rates Make automatic deposits through direct deposit Coverdell Educational Savings Account - Educational IRA This Educational IRA is ideal for those individuals looking to save for the educational costs of a named beneficiary. Open an account with as little as $500 Available terms: 3 months to 60 months Tiered dividend levels and rates Distributions are generally tax free if used for these types of expenses: Expenses incurred in connection with the enrollment or attendance of the beneficiary at a public, private or religious elementary or secondary school Post-secondary tuition, fees, textbooks, supplies and equipment Post-secondary room and board expense - only if the beneficiary is enrolled on at least a half-time basis at an eligible institution Contributions can be made at any time during a calendar year Contribute up to $2,000 annually for each beneficiary up to their age 18. Maximum Income Requirements to Contribute in Coverdell Educational Savings Accounts Filer Type Full Contribution - if your adjusted gross income is less than: Partial Contribution - if your adjusted gross income is between: Single Filer $95,000 $95,000 to $110,000 (no contribution if over $110,000) Married filing jointly $190,000 $190,000 to $220,000 (no contribution if over $220,000) Distribution is made due to account holder's death Distribution is made to an account holder who has become permanently and totally disabled Distribution is made as a part of a series of substantially equal periodic payments Used to pay medical expenses in excess of 7.5% of account holder's adjusted gross income Used to pay health insurance premiums for participants unemployed for 12 or more weeks Used for the first-time purchase of a home (up to $10,000) Used to pay for qualified higher education expenses