Share Savings Account
The first step in becoming a credit union member begins with a share savings account. With a low $25 minimum deposit and the following added benefits, you are on your way to building a bright financial future.
$25 minimum balance to open account
No monthly/annual service fees
Payroll deduction/direct deposit available
Competitive quarterly dividends
MAC ATM card
Savings insured by NCUA to $100,000

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Club Savings Account
Whether your savings needs are for christmas, vacation, education, taxes or that special purchase, your credit union has a Club Account to meet your needs. We can open a Club Account to help
you plan and save for each of your individual financial needs.
$5 minimum balance to open account
Competitive quarterly dividends
Payroll deduction available

 Share Draft Checking
Few things in life are easy, convenient, inexpensive and top quality. But as a member of New castle Bellco FCU, you can take advantage of a credit union service that offers this combination and more.
No Cost: A credit union share draft account can save you time and money. Our share draft checking account has no monthly service charges, per check charges or hidden fees. If you maintain a balance of $300 or more, your account will earn competitive dividends. But, best of all, there is no minimum balance required on our share draft checking.
Convenient: Our share draft checking account is also convenient. Direct deposit allows your monthly deposits such as social security, retirement pension or payroll checks to be deposited automatically and safely into your account. Payroll deduction also offers you the convenience of having your money deposited directly into your account each pay period.
Easy: Your credit union offers you the ability to easily transfer funds, over the phone, into your share draft account from your other accounts. we also provide you with a detailed monthly share draft statement of your transactions.
Safe: An additional benefit of a credit union share draft checking account is free automatic overdraft protection. The credit union will automatically transfer funds from your share account to cover the overdraft of your checking while offering you peace of mind.
A convenient, easy and inexpensive alternative to other high-cost checking accounts. is your credit union - a smart place to open your share draft checking account.

 IRAs (Individual Retirement Accounts)
Do you know how much money you will need to retire comfortably? Do you know how much money you will receive at retirement from Social Security, your pension plan or personal investments? If you can't answer these questions you are not alone. While most of us plan to retire, few of us really plan for retirement. New Castle Bellco FCU offers Individual Retirement Accounts (IRA's) to help meet our member's retirement needs.

Roth IRA
Contributions: $2000 for individuals $4000 for married couples
Eligibility: Contributions are based on single filers with Adjusted Gross Income (AGI) less than $95,000 and joint filers with AGI less than $150,000. The maximum contribution decreases for single filers with AGI between $95,000 and $100,000 and joint filers between $150,000 and $160,000.
Deductibility: Not deductible.
Distributions: Tax free if in a Roth IRA at least 5 years and the distribution is after age 59 1/2 or for a first time home purchase, due to permanent disability or to a beneficiary due to death. There is no requirement to begin taking distributions by age 70 1/2.

Traditional IRA
Contributions: $3000 for individuals, $6000 for married couples, and $3500 for individuals over 50 years of age
Eligibility: Contributions are fully deductible if the individual or spouse is not an active participant in an employer pension plan, provided that their combined adjusted gross income is below $150,000. If the individual or spouse is an active participant in an employer pension plan, contributions are fully deductible for a single filer with AGI less than or at $30,000* or married couple filing a joint return with AGI less than or at $50,000*.
*AGI above this amount will be subject to partial deductibilty.
Distributions: Taxable. Regular withdrawals may begin penalty free at age 59 1/2. Distributions must begin by age 70 1/2. A special withdrawal may be made without tax penalty by individuals under age 59 1/2 for qualified higher education expenses for the individual, child or grandchild. A $10,000 withdrawal for first time home purchase may also be made. These withdrawals are subject to normal income tax.

Educational IRA
Contributions: $500 per year per child. AGI of contributor must be less than $95,000 for a single and less than $150,000 for married couples.
Deductibility: Not deductible.
Eligibility: Child must be under age 18. Parents, grandparents, other family members, friends and a child him/herself may contribute to the child's Educational IRA, provided that the total contributions for the child during the taxable year do not exceed the $500 limit.
Distributions: Not taxable if used for the purpose of qualified higher education expenses. If the distribution is not used for the designated purpose, a portion of the distribution is taxable and also subject to a 10% additional penalty tax.
No maintenance fees
No minimum balance
Accepts direct rollovers/transfers
If you are not presently savings for retirement, an Individual Retirement Account (IRA) is a good way to start. For more information or details on opening an IRA accounts, simply call or stop by the credit union.

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Your savings federally insured to at least $100,000 and backed by the full faith and credit of the United States Government

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