Quick Pay and Skip-A-Pay

Make a loan payment or skip your upcoming loan payment without logging in to Online Banking!

Upgrade your credit card this holiday season.

Earn a $50 bonus when you open a Visa Platinum Credit Card and make a qualifying balance transfer within 30 days. Balance transfer rates are as low as 4.99% APR!*

Connect to Cash with Xfinity.

Get up-to-the minute special deals, plus get an exclusive credit union member cash reward of up to $150 from Love My Credit Union Rewards when you purchase and connect select Xfinity services.

Looking for the Perfect Set of Wheels?

Try our iTHINK Financial Auto Buying Service. Begin your search for your next car today!

Teen Checking Starts Here

Our new myWallet Youth Checking Account is a great option for kids ages 13-17 to get started on their financial journey with no hidden fees.

Save more with a promotional Certificate!

Start saving for your future with our limited-time {{RatePlaceholder}} APY* {{RatePlaceholder}} Certificate!

Appointments at your convenience.

Set up in-branch or phone appointments using our new online scheduling tool.

Featured Products

You can turn to iTHINK Financial for the right solutions to all of your financial needs!

Visa® Platinum Credit Cards

Variable rates as low as {{RatePlaceholder}} with no annual, cash advance, or balance transfer fees.

Auto Loan

Vehicle Loans

Get great rates as low as {{RatePlaceholder}}% APR, fast approvals and personalized service.

Mortgages

Mortgages

When you are ready to make a move, we'll make it easy with a variety of home loan options.

Checking

Checking Accounts

We offer the perfect checking account to match your lifestyle.

creditcard-icon

Savings Accounts

Start saving for your future today! We offer many savings options to fit the way you live.

Digital Banking

Digital Banking

Our 24/7 online services will simplify your banking. Check balances, deposit checks, transfer funds, pay bills and more, all from your desktop, tablet, or mobile phone.

Why a Roth IRA Is Perfect for College Students

By: iTHINK Financial | Nov 04, 2018

Roth IRA: How College Students Can Save for Their Future 

As a college student, you probably don’t have savings on your mind—let alone opening a Roth IRA. You have to juggle going to class, maintaining a social life and managing a tight budget. Putting any money away for the future is nowhere on your to-do list.

But if you put aside a small portion of cash from your summer job or paid internship into a Roth IRA, you can set your future self up for success. Here’s how… 
  

What’s a Roth IRA?

A Roth IRA (individual retirement account) is the perfect savings option for the fast-paced lifestyle of a college student. To start saving, you just need a source of income from a job. 

Any money you earn, you can freely put in and take out at any moment from the account without penalties. There are no penalties because the money that enters a Roth IRA is already taxed. That means if an unexpected emergency happens or a natural disaster hits, your funds are easily accessible.

However, Roth IRAs come with a few limitations. The interest generated is inaccessible without a fee. You’re also only able to put in as much money as you earn, and it’s limited to $5,500 a year.
 

What a Roth IRA Can Mean for a Student

As a student, you have the most coveted asset to a retirement plan—plenty of time. And the more time you have, the more you can save for retirement.

Roth IRAs grow savings through compounding interest. Compounding interest is the process of an initial sum growing each year to a new total sum that will then continue to grow into larger sums each successive year. That means if you put away $5,000, contributing an additional $1,600 annually, then by age 65 you will have saved $1,000,000 with an 8% compounding interest rate.

If you’re curious how much money you would need to contribute to a Roth IRA annually to reach a certain goal, there are online calculators to help.
 

Interested in a Roth IRA?

Remember, any money you put away in your Roth IRA will always be accessible. But the more money you contribute and the longer it’s committed to the IRA, the more interest you’ll gain. If you’re ready to start preparing for retirement, a Roth IRA may be the perfect answer to your long-term savings needs.

Upcoming Events

Check out the upcoming events happening at iTHINK Financial.

dec 01

Donations for Jacob

DECEMBER 1ST, 2021 @ 12:00AM - JANUARY 1ST, 2022 @ 12:00AM

dec 24

Christmas Eve Closure

DECEMBER 24TH, 2021 @ 3:00PM - 6:00PM

dec 31

New Year's Eve Closure

DECEMBER 31ST, 2021 @ 3:00PM - 6:00PM

jan 17

Martin Luther King, Jr. Day Closure

JANUARY 17TH, 2022 @ 12:00AM - JANUARY 18TH, 2022 @ 12:00AM

feb 21

Presidents' Day Closure

FEBRUARY 21ST, 2022 @ 12:00AM - FEBRUARY 22ND, 2022 @ 12:00AM

Not a Member? Join us today!

It's easy to join! Apply for your lifetime Membership with iTHINK Financial in about 10 minutes.