Want to make sure you are on the right path to building the college nest egg for your youngster?  Call FCU is here to help!

The credit union offers a Coverdell Savings Account designed specifically with College Savings in mind:

• Gives flexibility to families saving for college tuition and other related expenses.
• Up to $2,000 per year may be deposited for each child under age 18.
• Anyone can make a contribution - parents, grandparents, relatives, or friends
• Earnings and withdrawals are tax free if used for educational expense by age 30
• Can be transferred to another child in family
• 10% penalty if used for another purpose
• These contributions are not tax deductible, but dividends earned are tax free.

We also partner with Call Federal Investments and Retirement to provide many different options for Education Savings including 529 plans and other investments.  Contact George Thompson at 804-274-1212 to set up an appointment today.

For Information about the Virginia 529 Plan, click here: http://www.virginia529.com/SavOptCollegeWealth.asp