Individual Retirement Accounts (IRAs)

Traditional IRA

An Individual Retirement Account (IRA) from White Sands Federal Credit Union is a great way to plan for your future. Each situation is different, but with three great options to choose from – Educational, Roth, SEP and Traditional – you have the freedom to decide what is best for you. Your retirement will come sooner than you think. Are you ready? You will be one step closer with an IRA from White Sands Federal Credit Union.

Educational IRA (Coverdell Education Savings Account)

The Coverdell Education Savings Account was created to help parents save for qualified education expenses for a child. Withdrawals are tax and penalty free only for qualified educational expenses. Funds may be transferred from one child’s account to another child within the family.

  • Contributions are not tax deductible
  • Annual contribution limit is $2,000
  • Earnings are tax free if used for education expenses of the child
  • Child is “designated beneficiary”
  • Account must be established before child is 18
  • Account is in the name and SS# of child
  • Funds in the account are controlled by the “responsible individual”

Roth IRA

The Roth IRA is an account that features tax-free withdrawals for certain distribution reasons after a five-year holding period. Since Roth IRA contributions are non-deductible and taxed in the year they are earned, members who expect to be in a higher tax bracket when they retire may benefit more from a Roth IRA than from a traditional IRA. Unlike the Traditional IRA, there is no requirement to begin taking distributions at age 70 ½.

  • Enjoy tax-deferred growth and tax-free withdrawals; contributions are made with after-tax dollars.
  • Avoid early distribution penalties on certain withdrawals.
  • Avoid taking required minimum distributions.


The SEP IRA or Simplified Employee Pension Individual Retirement Account allows self-employed individuals (and some business owners with employees) higher annual contribution limits than with Traditional or Roth IRAs. A SEP IRA also offers completely discretionary and flexible annual contributions and minimal administration requirements.

IRA Share Certificate

White Sands Federal Credit Union offers a variety of Share Certificate terms to meet your needs. Share certificates are a good place to keep your money if you won't need it right away. With our competitive dividends rates and flexible terms, you can't go wrong with a Share Certificate from White Sands Federal Credit Union.


Contact our Call Center at
(575) 647-4500 or (800) 658-9933.

Hours of Operation:
Monday thru Friday, 8 am-5 pm

By email:

By mail: P.O. Box 99 Las Cruces, NM 88004

2755 North Main St, Las Cruces NM 88001

Routing & Transit # 312276470

Your savings federally insured to at least $250,000 and backed by the full faith and credit of the U.S. Government. National Credit Union Administration, a U.S. Government Agency.  Equal Housing Lender. We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.

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