First Northern Credit Union - Coverdell Education Savings Accounts
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Coverdell Education Savings Accounts

Save for your child's education today. The Coverdell Education Savings Account is a tax-deferred account that lets you contribute and make deductions specifically for education expenses.

Coverdell Education Savings Accounts are available as both Certificates (see right) and a regular Share Account. Certificates can be opened with a minimum of $500.

Questions? Click here for Coverdell FAQs. And as with any tax-related concern, consult with a tax advisor.

Your savings are federally insured by the NCUA (National Credit Union Administration), an agency of the U.S. Government, for up to $250,000 per member with a separate coverage of $250,000 for Individual Retirement Accounts. First Northern also provides additional private share insurance of $250,000 through Excess Share Insurance.
Coverdell Education Saving
Account Certificates
  6 months 3.70% APY
12 months 3.95% APY
18 months 4.10% APY
24 months 4.30% APY
36 months 4.50% APY
APY = Annual Percentage Yield
Federally insured by NCUA.
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Coverdell Education Savings Account
Existing with First Northern

Coverdell Change Notice 2509E*

Coverdell Direct Transfer 2525E*

Coverdell Rollover 2514E*

Coverdell Contribution Direction 2515E*

Coverdell Withdrawal Instructions 2506E*


Coverdell Education Savings Account
Opening New with First Northern

Coverdell Trust Application 2500E-T*

Coverdell Contribution Direction 2515E*

Coverdell Rollover 2514E*

Direct Transfer Instructions 2525E*



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