T&I has a variety of savings plans ...
- Regular Share Savings paid and compounded quarterly.
- Individual Retirement Accounts (IRAs)
- Certificates of Deposit
- Christmas and Vacation Club
- Special Savings Accounts
You'll enjoy total liquidity of your savings at all times. Your savings are federally insured up to $250,000 by the NCUA, an agency of the U.S. Government.
“Check out our Checking”
You don’t have time to worry about your checking account requiring a direct deposit or some large minimum balance to avoid a penalty, or do I have to pay a statement fee or use my debit card this month.
Why pay fees to have a checking account. At T & I Credit Union we say “Check out our Checking” and let us keep it simple for you.
- NO DIRECT DEPOSIT NECCESARY
- Only a $25.00 Minimum Balance
- FREE on-line banking and bill pay
See a T & I Credit Union representative today for more details.
Count on T&I to be your complete center for financial self-management. Loans are available for any good purpose:
- All loans feature simple interest calculations and no prepayment penalties.
- VISA Credit Card Classic & Gold
- No annual fee
- 25 day interest grace period
- Cash rebate program
- New Auto Loans with repayment up to 72 months
- Used Auto Loans
- 15-Year and 30-Year Mortgages (Refinances Only)
- Home Equity Lines of Credit
- 80% Loan to Value
- Based on Prime Rate
- Revolving Credit
- Loans also available for:
- Home Improvements
- Boats, Motor Homes, Trailers, Motorcycles
- Furniture, Appliances
- Vacations, Medical, Dental, Legal and Educational Expenses
- Debt Consolidation
Contact us for more info or to apply - (248) 588-6688
Individual retirement accounts (IRAs) still offer many taxpayers one of the best "shelters" for deferring taxes on some income. In addition, IRAs are an excellent savings tool for setting aside funds for your retirement years. IRAs give you the advantage of compounding, regularly adding earnings to your investment to make it grow.
T&I Credit Union offer three different IRA accounts to help you invest for your future. Look over the information and decide which one is best for you. If you would like more information regarding IRA accounts, contact T&I Credit Union and let them help you evaluate your options.
- Traditional IRA
A traditional IRA is a type of retirement plan that offer tax-deferred earnings, and the possibility for tax-deductable contributions. You can contribute to a traditional IRA if you earn compensation and you will not reach age 701/2 by the end of the year. If you file a joint tax return, you can treat your spouse's compensation as your own (except your combined contributions cannot exceed your combined compensation). All earnings in the traditional IRA are not taxed until they are withdrawn. The ability to defer taxes on the earnings, and to withdraw in a year when you may be in a lower tax bracket, can mean more after-tax dollars for your retirement.
- Roth IRA
The Roth IRA is an individual retirement account created by the Taxpayer Relief Act of 1997. Unlike traditional IRAs, your contributions to a Roth IRA are never 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. You are eligible if you earn compensation and your income is less than limits set by Congress. A single filer who has modified adjusted gross income (MAGI) up to $95,000 can make the full Roth IRA contributions for that year. Each spouse filing a joint federal income tax return showing a MAGI up to $150,000 can make the full Roth IRA contributions for that year. Some people with higher MAGI may be able to make smaller contributions.
- Coverdell Education IRA
It's never too early to start saving for your child's education - especially when your funds could be growing tax-free in an Education IRA (now known as the Coverdell Education Savings Account). Unlike traditional IRAs, your contributions to an Education IRA are never tax-deductible. However, and Education IRA offers you the potential for tax-free withdrawals -- including earnings. Anyone who meets the income requirements can open and contribute to your child's Education IRA. This includes grandparents, aunts and uncles, family friends and anyone else who wants to pitch in to your child's education fund. You can make contributions to a child's Education IRA until he or she reaches the age of 18. Your withdrawals are tax-free is used for tuition, books, and other qualified higher-education expenses.