We offer a full range of investment services and products that may maximize your earning power including Coverdell Education Savings Accounts and 529 savings plans.
529 Savings Plan
529 plans allow investors to save money on a tax-deferred basis. When plan funds are used to pay for qualified higher education expenses, the withdrawals are free from federal income tax. Fortunately, every state now has at least one 529 plan available. Many states allow contributions to a 529 plan in excess of $250,000. Some states even offer additional incentives such as state tax deductions for in-state investors. When you own a 529 account and name your child the beneficiary, you never lose control of the money. You can even change the beneficiary to another child or yourself if you want to go back to school.
Start planning today. Schedule your no-obligation education planning consultation with one of our Financial Advisors. Call us at (888) 981-2100 or visit a KeyPoint Credit Union branch location to learn more.
Still have questions?
View Frequently Asked Questions.
The products offered:
1. Are not federally insured
2. Are not obligations of the credit union
3. Are not guaranteed by the credit union or any affiliated entity
4. Involve investment risks, including the possible loss of principal; and
5. If applicable, are being offered by an employee who serves both functions of accepting members' deposits and the selling of nondeposit investment products.
Investment products and services offered through Wescom Financial Services, LLC (WFS), a Registered Investment Advisor, broker-dealer, and a wholly owned subsidiary of Wescom Holdings, LLC, which is a wholly owned subsidiary of Wescom Credit Union. Registered Advisors are employed by and registered through WFS (Member FINRA/ SIPC). Investments are not NCUA/NCUSIF insured, not Credit Union guaranteed, and may lose value.