Education Savings

Save for your child’s future.

A Coverdell Education Savings Account (CESA) provides a dedicated place to grow savings.

  • Deposit up to $2,000 per year for each child under 18.
  • Withdraw money without an IRS penalty as long as it is used for higher education.
  • Qualified withdrawals are tax-free since deposits are made after taxes.
  • Money must be withdrawn by the time the child reaches age 30 (late withdrawal penalty may apply).
  • Learn more about a CESA at www.irs.gov

Getting Started

  • Competitive rates
  • Savings and Savings Certificate options available
  • Minimum of $25 to open an Coverdell Education Savings Account.
  • Minimum of $500 to open an Coverdell Education Savings Certificate Account with a term from 6 months to 5 years.
  • No minimum balance
  • No monthly service fees
  • NCUA insured up to $250,000

Visit a branch location to open an account.

 View Rates Calculators

This information is not intended to provide tax advice. See a competent tax advisor to help you determine which type of Coverdell Education Savings Account best suits your needs.

Campus Branch closed until further notice. Main Branch operating as normal. (Posted 10 am 10/25/2021)