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Woman attending college.

Coverdell Education Savings

Coverdell Education Savings

Consider a tax-friendly way to save for your child.

At a Glance

One way your family can collectively save for a child's qualified education expenses.¹

Benefits

Contribute up to $2,000 per year - This is the maximum annual contribution per beneficiary.
Tax free - Distributions are tax free - visit IRS.gov for more details.
Multiple savings options - All DCU's IRA programs may be used for Coverdell Education Savings Accounts.
¹DCU cannot provide legal, tax, or estate planning advice. We suggest you discuss your particular situation with a tax consultant or advisor. 

What Our Members Are Saying

Excellent Customer Service

RATINGS 5 5 / 5 stars

Each time I enter the new location of DCU in Leominster/Lancaster on route 117 I am greeted by nice people who are welcoming, respectful and helpful. The place is very clean, which makes me feel good about being there. I know it's arbitrary but it actually does count for something.

Joan – Sterling, MA

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Fast and easy

RATINGS 5 5 / 5 stars

DCU's IRA folks are tax experts, friendly and more importantly, work at the lightening fast speed! With just a few days left in the tax year, I called the service center in the afternoon, explained the situation, she immediately conferenced me with the IRA team who suggested the best alternative for my tax situation...

Anurag – Meriden, CT

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A great place to park your money!

RATINGS 5 5 / 5 stars

As a 25 year member of DCU, I am thrilled that the institution has been reliable, progressive and personable to the needs of its members. Contributing my assets to an organization that has a meaningful connection for me is very rewarding at many levels.

Patty Rose - Saline, MI

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