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Heartland Area FCU
6111 N. 72nd Street
Omaha, NE 68134-2157
Toll Free 1-866-314-2328
Phone (402) 571-8444
Fax (402) 571-0462

Individual Retirement Accounts

An Individual Retirement Account (IRA) should be the central building block of any financial portfolio. When you invest in a Heartland Area Federal Credit Union IRA, you can be sure your money will be there when you need it... because they're insured investments which are built to last. Unlike stocks or mutual funds, all Heartland Area Federal Credit Union's IRA accounts are separately insured up to $250,000 by NCUA, an agency of the federal government. This means your money (both the dividend and the principal) will always be there for you.

Heartland Area Federal Credit Union offers three (Traditional, Roth and Coverdell Education) IRA plans. For each of these you may choose either:

Variable Rate

• $50 minimum balance is required to earn a dividend.
• Contributions may be made in "lump sums" or by regular deposits throughout the year.
• Dividends are paid quarterly.

Fixed Rate IRA

• This IRA is in Share Certificates
• Terms available: 12 months, 24 months, or 36 months
• Minimum $5000 deposit
• Dividends are paid quarterly from date of issuance
• Check with Heartland Area Federal Credit Union for current rates by calling 402-571-8444 or 1-866-314-2328 or check the link to our savings rates.

Traditional IRAs
(Disclosures)

• Members may contribute up to $5,000 or 100% of earned income depending on IRS regulations.
• If you are over age 50, you may contribute an additional $1,000.00.
• Married working couples may contribute up to $8,000 depending on IRS regulations. 
• Contributions may be tax deductible according to IRS regulations. 
• No tax on investment growth until funds are withdrawn
• NCUA insured separately from regular account 
• Small annual fee of $8.50
  Benefits:
• Allows funds to grow with taxes deferred until funds are withdrawn
• Members are usually in a lower tax bracket at time of withdrawal
• Allows member to prepare for retirement
• Insured by a federal government agency

Roth IRA

• Members may be able to contribute up to a combined total of $5,000 to ROTH and/or Traditional IRAs
• If you are over age 50, you may contribute an additional $1,000.00.
• Contributions are not tax-deductible. However, the money in your Roth IRA including earnings, can be withdrawn tax-free. Of course, you must conform to the plan provisions to get this tax-free advantage.
• There is no requirement to start withdrawals at age 70.5
• Small annual fee of $8.50
• NCUA Insured up to $250,000 separately from regular account
  Benefits:
• Allows funds to grow when earnings can be withdrawn tax free after 5 years in a Roth account and after age 59.5
• Allows members to prepare for retirement
• Insured by a federal government agency

Coverdell ESA (formerly Education IRA)

• Parents or grandparents may contribute up to $2,000 per qualified child per tax year through the child's age of 18
• Contributions are not tax-deductible
• No annual fee
• NCUA insured up to $250,000 separately from regular account
  Benefits:
• The funds are treated as a gift to the beneficiary, and therefore, may only be withdrawn by the responsible individual for qualified higher education expenses
• Any funds not used by the beneficiary may be rolled over into another Education IRA for another beneficiary
• All funds must be withdrawn by the time the beneficiary turns 30 years old
• Remaining funds not used by the beneficiary for qualified education expenses and not rolled over into another Education IRA will be distributed to the beneficiary and subject to normal income taxes and 10% tax penalty
• Beneficiary will have funds to help with education expense
• Insured by a federal government agency

We suggest that you consult with your tax advisor on which IRA is best for you and on the deductibility of your contributions.

NOTE: We suggest that you consult with your tax advisor on which IRA is best for you and on the deductibility of your contributions.

TRUTH-IN-SAVINGS ACCOUNT DISCLOSURES

Except as specifically described, the following disclosures apply to all of the accounts. All accounts described in this Rate and Fee Schedule are share accounts.

Rate Information. The Annual Percentage Yield is a percentage rate that reflects the total amount of dividends to be paid on an account based on the dividend rate and frequency of compounding for an annual period. For Share Certificate account, the Dividend Rate and Annual Percentage Yield are fixed and will be in effect for the term of the account. For Share, Vacation, Christmas Club, and IRA accounts, the Dividend Rate and Annual Percentage Yield may change quarterly as determined by the Credit Union’s Board of Directors. For Share Draft accounts, the Dividend Rate and Annual Percentage Yield may change monthly as determined by the Credit Union’s Board of Directors. The Annual Percentage Yield is based on an assumption that dividends will remain on deposit until maturity. A withdrawal of dividends will reduce earnings.

Nature of Dividends. Dividends are paid from current income and available earnings after required transfers to reserves at the end of the dividend period.

Dividends Compounding and Crediting. The compounding and crediting of dividends applicable to each account is set forth in the Rate Schedule. The Dividend Period is the period of time at the end of which an account earns dividend credit. The Dividend Period begins on the first calendar day of the Dividend Period and ends on the last calendar day of the Dividend Period. The Dividend Rates and Annual Percentage Yields are the rates and yields as of the last dividend declaration date which is set forth in the Rate Schedule.

Balance Information. The minimum balance requirements applicable to each account are set forth in the Rate Schedule. For all Share Certificate and IRA Share Certificate accounts, dividends are calculated by the Daily Balance method which applies a daily periodic rate to the principal in the account each day. For all other accounts, dividends are calculated by using an Average Daily Balance method which applies a periodic rate to the average daily balance in the account for the period. The average daily balance is determined by adding the full amount of principal in the account for each day of the period and dividing that figure by the number of days in the period.
Complete Disclosure Information

Your savings Federally insured to at least $250,000
and backed by the full faith and credit of the United States Government.
National Credit Union Administration,
a U.S. Government Agency.

We do business in accordance with the
Federal Fair Housing Law and the
Equal Credit Opportunity Act.