Coverdell Education Savings Account

Coverdell Education Savings Account (CESA) helps you save for qualified education expenses required for the enrollment or attendance of the designated beneficiary at an eligible educational institution.

Eligible education expenses

Expenses can be either for higher education, elementary or secondary education. Eligible educational institutions include postsecondary, elementary and secondary schools. The designated beneficiary must be under age 18 or be a special needs person.

CESA features

• No annual maintenance fees
• Qualified distributions are tax-free
• Low opening deposit of $25.00
• Funds are transferable to another child
• Early withdrawal exceptions
• NCUA federally insured separately up to $250,000

Prepare for education expenses today!

• Log in to MemberConnect
• Call the Contact Center at 888.732.8562
• Visit your local branch