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coverdell account

Unless you’re pursuing a degree in winning the lottery, count on big costs for college. Fortunately, our Coverdell Education Savings Account lets parents take advantage of a federally-sponsored savings program that offers a variety of benefits.

Give us a call to get started: (818) 238-2900.

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the details

  • Withdrawals are tax and penalty-free for qualified educational expenses*
  • Members can save up to $2,000 per child per year
  • Funds can be transferred from one child’s account to an account for another child in the family
  • Minimum opening deposit is $25.00
  • Can be used in conjunction with other education plans
  • Federally-insured up to $250,000 by the National Credit Union Administration (NCUA)

*Consult your tax advisor. Although the funds you contribute are not tax-deductible, earnings on your investment are tax-deferred, and withdrawals of your contributions and earnings, under certain conditions, are tax-free after five years

additional info

Want even more info on Coverdell Accounts?

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your deposits are secure

You can sleep easy, knowing your deposits are insured by the National Credit Union Administration (NCUA).

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