Coverdell Educational Savings Account

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Saving for college or future education expenses? Maximize your educational dollars with a Coverdell Educational Savings Account (ESA) with Corporate America Family Credit Union. When your child needs money for qualified education expenses, funds can be withdrawn from the ESA tax-free to pay for them.

A Coverdell ESA offers these features:

  • Make after-tax contributions of up to $2,000* a year per child
  • Potential tax savings
  • Contributions can be made for any child in your family under 18 years old
  • Contributions can be made by anyone
  • Multiple share certificate terms to fit your child's investment needs
  • Can be used to pay tuition, fees, books and equipment for enrollment and/or attendance at an eligible educational institution
  • Federally insured up to $250,000 by NCUA

Open a Coverdell ESA today! Log in to Online Account Access and visit Accounts > IRA Service Center to get started.

View Rates
You may request forms to be mailed, emailed or faxed from our Member Center at 1-800-359-1939, Monday through Friday from 7 a.m. to 7 p.m. CST.
* Your income may limit the amount you can contribute to an ESA. Consult your tax advisor.