Coverdell Education Savings Accounts (CESA)

Invest in your child’s education while being part of a credit union that invests in your community — it’s a win/win. With our Coverdell Education Savings Accounts, you can get started with $5 and save for qualified elementary or high school expenses, or your child’s college education.

Your education savings account is tax- and penalty-free, and anyone can make contributions — even your child. Contribute as much as $2,000 per year, per dependent (dependents must be under age 18).

Call us at 505-889-7755 (800-347-2838 outside the Albuquerque area) or make an appointment at a branch near you to get started.

Benefits of Coverdell Education Savings Accounts

  • Open an account and start earning dividends with just $5
  • Anyone may contribute
  • Contribute up to $2,000 per year, per dependent
  • Prior-year contributions may be made until income tax deadline
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Access your account when you are away from home, thanks to the Credit Union Shared Branching Network or CO-OP network of nearly 30,000 ATMs

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Easy online access to your account through online banking and the Mobile App