Yes, your deposits at First Harvest Credit Union are insured up to $500,000. This exceptional level of coverage is attained through a combination of federal insurance provided by the National Credit Union Share Insurance Fund (NCUSIF) and, private insurance through the Excess Share Insurance (ESI) Corporation, made available to First Harvest Credit Union members at no additional cost.

A Primary Savings (or Share) Account is the first step toward accessing our personalized checking accounts, competitive loans and savings rates, and other financial solutions designed to support your unique goals. When you open a Primary Savings Account, you become a member-owner along with all of our other members. It doesn’t matter if you have $5.00 or $500,000 in your account – each member has an equal ownership regardless of the size of your deposit.

Our Educator’s Club Savings Account* is available to school employees to help prepare for the upcoming summer break!

Account funds are released on the first of July each year and are transferred to a primary savings or checking account.

• Earn more on your funds with no monthly service fees
• Payroll deduction option available to make contributions even easier
• Early withdrawals subject to restriction
  • See your school district’s plan for applicable withdrawal restrictions

* Account restrictions apply. Fees may reduce earnings. Early withdrawal penalties apply. Require $100 minimum balance to earn interest. Subject to a $10 fee for each withdrawal made prior to maturity. Maximum of six (6) transfers and withdrawals allowed. Review our Truth-In-Savings Disclosure at FirstHarvestCU.com/Disclosures for details. Membership restrictions apply. Federally Insured by NCUA. Additional deposit coverage up to $250,000 is provided by Excess Share Insurance. For complete account details, review our Truth In Savings Disclosure.

Our Vacation Club Savings Account* is available for members looking to set funds aside year-round to prepare for an upcoming vacation! 

Account funds are released on the first of the month, 12 months after the account’s open date, and are transferred to a primary savings or checking account.

• 12-month savings program personalized to your vacation savings goal
• Set aside funds year-round in amounts of your choosing
• Set up payroll deductions to make contributions even easier
• Earn more on your funds with no monthly service fees

*Account restrictions apply. Fees may reduce earnings. Early withdrawal penalties apply. Subject to a 10% penalty fee if withdrawn prior to maturity. Minimum withdrawal amount is $250. Review our Truth-In-Savings Disclosure at FirstHarvestCU.com/Disclosures for details. Membership restrictions apply. Federally Insured by NCUA. Additional deposit coverage up to $250,000 is provided by Excess Share Insurance. For complete account details, review our Truth In Savings Disclosure.

Withdrawals can generally begin without penalty at age 59½. Withdrawals before that age may be subject to taxes and penalties.

Eligibility is based on income limits set by the IRS. Our team can help you understand current requirements.

No. Roth IRAs do not require minimum distributions during the owner’s lifetime.

There are advantages to both Traditional and Roth IRAs. One of the biggest differences is the time at which you see the most advantage. A traditional IRA provides potential tax relief today, while a Roth IRA has the potential for the most tax benefit at time of retirement.

Traditional IRA

• No minimum contribution requirement
• Earned income required in order to make contributions
• Contributions are tax deductible on state and federal income tax*
• Earnings are tax deferred until withdrawal (when usually in lower tax bracket)
• Withdrawals can begin at age 59½
• Early withdrawals subject to penalty**
• Mandatory withdrawals begin at age 73

Roth IRA

• Income limits to be eligible to open Roth IRA***
• Must receive compensation in order to make contributions
• Contributions are NOT tax deductible
• Earnings are 100% tax free at withdrawal*
• Principal contributions can be withdrawn without penalty*
• Withdrawals can begin at age 59½
• Early withdrawals on subject to penalty**
• No mandatory distribution age
• No age limit on making contributions as long as you have earned income

*Consult a tax advisor.
**Certain exceptions apply, such as healthcare, purchasing first home, etc.
***Subject to some minimal conditions. Consult a tax advisor.