FAQ: Savings > Certificates & IRAs

  • What happens when my Share Certificate matures?

    Once your certificate reaches maturity, you can have the funds automatically transferred to another Wright-Patt account, roll it into a new certificate with the same terms, or choose a new term. Prior to the maturity date of your share certificate, you will receive a notification from us describing your options.

  • Are my deposits insured?

    Yes – your deposits at Wright-Patt Credit Union are federally insured up to a total of $250,000 per ownership interest by the National Credit Union Association (NCUA).

  • Are my Roth IRA contributions tax-deductible?

    A Roth IRA is a wise investment tool that allows you to grow your money with tax-deferred contributions. Because you defer paying taxes on your contributions to your Roth IRA, they are not tax deductible.

    * Consult your tax advisor for details.