We encourage members to save for a better retirement by opening an IRA. Dividends on IRA share accounts are calculated using the day-in day-out method and credited monthly. Accounts closed prior to the end of the dividend period will forfeit dividends accrued. Members may also invest in eighteen, twenty-four or thirty month IRA certificates with as little as $500 (yes, you may add-to this certificate until it reaches a $20,000 balance). All IRA certificate dividends are paid and compounded on the calendar quarters. IRA accounts are also insured by the National Credit Union Administration, a federal government agency, for an additional $250,000 per member.