Business IRA

Individual Retirement Accounts and Simplified Employee Pension Plans (SEP)

UVA Community Credit Union offers Individual Retirement Accounts (IRA) and Simplified Employee Pension Plans (SEP IRA), making it easy for small business owners and their employees to save for retirement. Each of your eligible employees can establish his or her own SEP-IRA plan. As a business owner, you can choose to make direct contributions into their individual accounts. You can also elect to make IRA payroll deductions. Set up payroll deductions once and you won't have to think about it again unless you need to make changes.

 

You can open an IRA or SEP IRA with only $100 (this is considerably less than many banks or investment brokerages require) and begin earning variable rate, quarterly dividends immediately. IRAs are insured up to $250,000.

The credit union makes available many investment choices for your Traditional, Roth IRAs and Coverdell Education Savings Accounts that are available through traditional credit union products.

UVA Community Credit Union: helping business owners save for tomorrow, today.

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For information on any of our loan products, visit our Business Loan Overview.
For information on Online Banking and how it can help manage your finances online, view our Business Online Banking Overview.

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