Stress free planning for your child's future education

Invest in your child or grandchild’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 (ESA), you can get started with $5 and save for qualified elementary or high school expenses, or your child’s college education.

How does a Coverdell ESA work?

This type of account is designed to encourage savings to cover future education expenses such as tuition, books, uniforms, and room and board. Funds in these accounts grow tax-deferred and are tax free when withdrawn for elementary, secondary or college education expenses before age 30. 

Your education savings account is tax- and penalty-free

Anyone can make contributions — even your child.

power of change

Contribute as much as $2,000 per year, per dependent

All dependents must be under age 18. Prior-year contributions may be made until income tax deadline.

Ready to open a Coverdell ESA?

It's quick and easy to open your new Coverdell Education Savings Account. Visit a nearby branch or call 505-889-7755 (1-800-347-2838 outside the Albuquerque area) to open one today.

Calculate the cost of college

Planning for college means anticipating big changes to your budget. This Coach session will walk you through the biggest expenses you’ll need to pay and help you create a list of expenses for one year. To begin the Coach session, select Get Started. Next, follow along, answer questions, and provide information when asked.