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Investments

The experts agree - your credit union is an ideal place to save for the future. Your Barksdale Federal deposit accounts are insured up to $250,000, and backed by the full faith and credit of the United States Government National Credit Union Administration, a U.S. Government Agency. To learn more about the investment services offered by Barksdale Federal, click on the links below.

• Certificate Accounts
• IRA Accounts
• Savings Bonds
• Additional Investment Services

Certificate Accounts

A Share Certificate account (often called a CD or Certificate of Deposit) is traditionally considered one of the safest ways to save for diverse purposes such as a dream vacation or for a secure and comfortable retirement. Certificate accounts always hold their original value. Plus, they accrue dividends (commonly called interest) without penalties as long as you do not withdraw before maturity.

Barksdale Federal offers various Certificate accounts for a variety of terms:

Certificate
Minimum opening deposit is $1,000
6 - 60 month terms available

IRA Certificate
Minimum opening deposit is $1,000
12 - 60 month terms available

Flex Certificate
Minimum opening deposit is $2,500
24, 36 & 60 month terms available

All Certificate account dividends are compounded and credited monthly and at maturity. The dividend period is a calendar month. Rates and terms may vary.

IRA Accounts

Individual Retirement Accounts are available for our members who want to save and invest money for their retirement and reduce their tax burden at the same time.
All IRA accounts are insured separately by the NCUA. The new law provides up to $250,000 of protection for the combined total of the Traditional and Roth IRAs.

IRA Share Account
A $5 deposit is required to open an IRA Share account at Barksdale Federal. You can use payroll deduction or add any amount up to the maximum allowed per person per year.* This account never carries a fee or activity charge. However, the IRS imposes a penalty for early withdrawal and allows only one rollover every 365 days.

Legislation has established three types of Individual Retirement Accounts:

Traditional IRA
A Traditional IRA allows you to defer taxes on your earnings until they are withdrawn. Also, certain contributions are tax deductible in the tax year they are made.

Roth IRA
A Roth IRA allows non-deductable contributions, but features federal income tax-free withdrawals for certain distribution reasons after a five-year holding period. Individuals who expect to be in a higher tax bracket when they retire may benefit more from a Roth IRA.

Coverdell Educational IRA
Earnings in a Coverdell Educational IRA are non-taxable, and monies removed for qualified educational expenses for individuals under 30 are tax free. One Coverdell Educational IRA can be opened per child, and a non-deductible contribution can be made by a parent, grandparent or responsible party.

To learn more about our IRAs, call a Member Service Representative at 318-549-8151. We'll be happy to take the time to discuss your goals and needs.

Saving Bonds

U.S. Government Savings Bonds are still a great, safe way to save for your future. The bonds are purchased at a discount of their face value. At maturity (30 years), the bonds are then worth their face value.

You can buy savings bonds for a small amount of money--the minimum investment is $25. They're lower risk than most investments since both principal and interest are guaranteed by the full faith and credit of the United States. Lost, stolen, or destroyed bonds can be replaced. There are no commissions or similar fees. Interest is exempt from state and local income tax. Federal income taxation can be postponed until you cash your bond or until it stops earning interest in 30 years.

Additional Investment Services*