A Coverdell ESA allows you to save for a child's educational expenses, including tuition, fees, books, supplies, and equipment. Unlike Traditional IRAs, contributions to a Coverdell ESA are never tax-deductible. However, a Coverdell ESA offers you the potential for tax free withdrawals - including earnings.
ESA contributors do not have to be family members. With this broad range of potential contributors, it is possible that more than one person may want to contribute for the same child. A coordinated effort should be encouraged to avoid excess contributions.
Simply visit any one of our branches and a Member Service Representative will be happy to meet with you.
For more information about paving the road to success for your child, please ask one of our Member Service Representatives for more details. You might also consider seeking advice from a competent tax advisor.
At People First FCU we are improving the accessibility and usability of our website for our members and potential members. Our efforts are based on the standards for Web Content Accessibility Guidelines 2.0. It is our policy to ensure that persons with disabilities have full and equal opportunity to benefit from our services on our website and on other online services. If you have any questions or need help with any content on our website or online services, please contact us at staff@peoplefirstcu.org or by calling our Member Service Center at 610.797.7440.