|
Individual retirement accounts (IRAs) comprise 40% of member retirement
plans, making them a key part of long-term financial security. While most credit
unions recognize that IRAs can benefit both their members and their own bottom
line, many find that administration of an IRA program to be more than they want
to take on. The solution is simple: IRA support from CUNA Mutual Business
Services, Inc.
By teaming up with CUNA Mutual Business Services, credit unions can focus on
serving their members while CUNA Mutual Business Services handles their tax
reporting, periodic payment calculation and notification, and death claims
processing. CUNA Mutual Business Services does not provide individual tax advice
on IRAs. However, CUNA Mutual Business Services helps credit unions save time,
stay in compliance and answer IRA questions through the following:
- Toll-free hotline staffed by expert IRA specialists
- IRA Update newsletter covering technical, operational, and legislative IRA
news
- IRA operating manual for all three types of IRAs
- Affordable training sessions and videotapes featuring CUNA Mutual Business
Services staff
Credit unions can also access many CUNA Mutual Business Services program
offerings over the Internet with IRAdirect, the organization's new Web-based IRA
processing option. IRAdirect reduces the paper clutter in your IRA program and
puts on-line IRA forms, transaction information, manuals and more at your
fingertips.
Whether your credit union already offers IRAs or you're just starting out,
CUNA Mutual Business Services can help you simplify your program.
Contact
Faye Scott, Servicecorp
Consultant, at (800) 285-5300, ext. 5311.
| 
