As a reminder, SELCO will never call, email, or text asking for sensitive information, such as your PIN, full SSN, debit/credit card numbers, or CVV code. Click here to learn how to stay a step ahead of scammers this holiday season.

Business Retirement

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Simplified Employee Pension (SEP) IRA

A SEP is a tax-deferred retirement plan for small business owners or self-employed individuals. Small business owners may also offer an employee SEP plan, providing contributions to employee SEP IRA accounts. 

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403(b) Plan Account

  • Employer-sponsored retirement plan for certain employees of public schools, tax exempt organizations, and churches.
  • Roth 403(b) available.
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401(k) Plan Accounts (individual and Roth)

  • 401(k) plan accounts let employees defer a percentage of pre-tax income each pay period. 
  • Earnings grow tax-deferred. 
  • Contributions to Roth 401(k) plan accounts are taxable in the year they’re made. 
  • When distributions begin, they’re taxed at the employee’s ordinary income tax rate. 

Resources

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Medicare 101: Your Questions Answered

The world of Medicare is complex and can feel overwhelming. It helps to hear from those who live in it—and to start with the basics.

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Plan For Retirement, Especially In Your 20s

Learn how to plan for retirement at an early age. The sooner you get into the habit of saving for retirement, the more time your money has to grow.

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Estimating Your Retirement Income Needs

The simple advice is to set your retirement income as a percentage of your current income. But that approach doesn't account for your specific plans.

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5 Steps to Getting a Small Business Loan

The process of applying for a small-business loan can be confusing, but we’re here to help guide you through the process. Here are the five steps to getting a small business loan.

* Nondeposit investment products and services are offered through CUSO Financial Services, L.P. ("CFS"), a registered broker-dealer (Member FINRA/SIPC) and SEC Registered Investment Advisor. Nondeposit investment products offered through CFS are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. SELCO Community Credit Union has contracted with CFS to make nondeposit investment products and services available to credit union members. 

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