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.
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:
Minimum opening deposit is $1,000
6 - 60 month terms available
Minimum opening deposit is $1,000
12 - 60 month terms available
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.
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.
* See a Barksdale Federal employee for yearly maximum amount.
Legislation has established three types of Individual Retirement Accounts:
A Traditional IRA allows you to defer taxes on your earnings until they are withdrawn.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.
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.
Additional Investment Services*
InsLink is an agency of financial services professionals, partnered with Barksdale Federal Credit Union, who work with individual clients, as well as business clients, promoting financial strategies that enhance wealth accumulation, wealth preservation, and ultimately, wealth distribution. Both services and products are tailored to assist clients in their specific areas of need. Listed below are just a few of the areas that InsLink can assist you with:
· Life Insurance
· Retirement Planning Solutions
· Tax-deferred Retirement Solutions
· Disability Income Insurance
· Mutual Funds
· Education (College) Funding
· Long Term Care Insurance
· Group Employee Benefit Plans
· 401(k) Plans
· 403(b) Plans (For Non-Profit Businesses)
· Business Succession Strategies
· Executive Bonus Plans
· Key Man Insurance
· Buy/Sell Agreements
· Deferred Compensation Plans
Please feel free to contact our in-house InsLink professionals today for a no cost or obligation review of your personal portfolio and see where InsLink might help to assist in strengthening or enhancing your existing plan(s).
If you are interested in hearing more about InsLink, Inc and the services they can provide, please contact one our InsLink Professionals, Al Torres*, Dick Gregory** and Norman Cone**.
2321 Airline Drive
Bossier City, LA
1560 East 70th Street
700 Northgate Rd
Bossier City, LA
*Insurance Representative of American United Life Insurance Company® (AUL) and other insurance companies. InsLink, Inc. and Barksdale Federal Credit Union are not affiliates of AUL.
**Registered Representatives of and securities offered through OneAmerica Securities, Inc., Member FINRA, SIPC, 4750 Sherwood Commons, Suite 200 Baton Rouge, LA 70816 (225) 293-9283. Insurance Representative of American United Life Insurance Company® (AUL) and other insurance companies. InsLink, Inc. and Barksdale Federal Credit Union are not affiliates of OneAmerica Securities or AUL and is not a broker dealer.
NOT FDIC/NCUA INSURED – MAY LOSE VALUE – NOT BANK/CREDIT UNION GUARANTEED
Neither OneAmerica Securities, AUL, InsLink, nor their representatives provide tax or legal advice. For answers to specific questions and before making any decisions, please consult a qualified attorney or tax advisor.