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Types of Investments

IRAs HSAs Certificates


IRAs

We offer a number of IRA options for your personal retirement needs. Take a look at the options below and contact Heidi with questions or to begin your investment.

3.00% – Interest rate effective June 30, 2012 through June 30, 2017
Types of accounts: Traditional, Roth, and SEP
Qualifies for loan investment generation credit
Adjustable interest rate (semi-annually set each January 1 and July 1)
NCP provides administrative support for Required Minimum Distributions at age 70 1/2
NCP provides support for trustee-to-trustee transfers, direct rollovers, and RO
NCP provides support for Traditional IRA to Roth IRA conversions and IRA recharacterizations

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HSAs

Health Savings Accounts provide a tax advantage to offset health care expenses. In an effort
to combat rising medical costs, Congress created HSAs to provide consumers an incentive to pay “first-dollar” medical expenses. HSAs are IRA-like accounts designed exclusively for covering medical expenses.

To be eligible, an individual must be covered by a high deductible health plan (HDHP) and not enrolled for benefits under Medicare (generally not yet age 65). Contact your health plan administrator to see if your health plan qualifies as an HDHP.

Are you a church that wants to contribute to an HSA for your pastor or other staff? We can help staff open an HSA with NCP, and the church can contribute. Contact Maren or Heidi to learn more.

As with all NCP investment accounts, we do not charge any fees for IRA and HSA accounts.

  • 3.00% – Interest rate effective June 30, 2012 through June 30, 2017

Tax benefits include the following:

  • Contributions are excluded from income
  • Earnings are tax-deferred
  • If used for qualified medical expenses, distributions are never taxed
  • Unused assets may be used for retirement at or after age 65. If not used for medical
    expenses, regular distributions will be subject to income tax
  • Assets are subject to a 10% penalty if withdrawn before age 65 for non-medical expense
    purposes and are subject to income tax
  • Upon death, assets are transferred to your named beneficiaries; if no beneficiary is
    named, assets become a part of your estate

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Certificates

Choose from our four certificates to match your investment needs. These investment options are available to individuals, churches and related Covenant organizations.

5-Year Fixed Rate Renewable Certificate (3.00%)

  • Interest rate effective as of June 14, 2012; still valid today
  • Five-year term with fixed interest rate
  • Qualifies for investment generation credit
  • Pays interest semi-annually (each June 30 and December 31)
  • Renewable at maturity
  • $500 minimum investment

30-Month Fixed Rate Renewable Certificate (2.25%)

  • Interest rate effective as of March 1, 2015; still valid today
  • 30-month term with fixed interest rate
  • Qualifies for investment generation credit
  • Pays interest semi-annually (each June 30 and December 31)
  • Renewable at maturity
  • $500 minimum investment

Demand Investment Account (1.50%)

  • Interest rate effective June 30, 2012 through June 30, 2017
  • Adjustable interest rate (semi-annually set each January 1 and July 1)
  • Easy access – redemption upon 30 days request and new investments by request at any
    time
  • Monthly statement sent via email
  • Pays compounded interest monthly
  • $50 minimum investment

Variable Rate Certificate (1.50%)

  • Interest rate effective June 30, 2012 through June 30, 2017
  • Adjustable interest rate (semi-annually set each January 1 and July 1)
  • Easy access – redemption upon 30 days request and new investments by request at any
    time
  • Pays interest semi-annually (each June 30 and December 31)
  • $500 minimum investment

Contact Heidi to learn more.

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*The offer and sale of the Certificates is limited to persons who, prior to receipt of our Offering Circular, were members of, contributors to, participants in, or affiliates of The Evangelical Covenant Church, including any program, activity, or organization that constitutes a part of The Evangelical Covenant Church, or any of its conferences, or any congregation of The Evangelical Covenant Church, or other persons who are ancestors, descendants, or successors in interest to such persons (Investors). This does not constitute an offer to sell or the solicitation of an offer to buy the Certificates. There shall not be any sale of the Certificates in any state in which such offer, solicitation, or sale is not authorized. The offering is made solely by the Offering Circular. The offering of Certificates involves certain risks, which are more fully disclosed in the Offering Circular under the heading “Risk Factors.” In the event NCP exercises its right to redeem a Certificate prior to maturity and upon sixty (60) days notice to the holder thereof, payment of the outstanding principal and interest will be paid to the holder to the date of redemption.The Variable Rate Certificates, Demand Investment Accounts, Individual Retirement Account (IRA) Certificates, Health Savings Account (HSA) Certificates and 403(b) Certificates are not available for sale to investors residing in South Carolina. The Variable Rate Certificates and Demand Investment Accounts are not available for sale to investors residing in Louisiana. NCP’s Certificates are not insured by any governmental agency or private insurance company, including the Federal Deposit Insurance Corporation, or any state bank, insurance fund, or any other governmental agency.