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Credit Union West
Routing Number: 322172153
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Coverdell Education Savings Account

Start saving for your child’s future education with an eligible tax-free account.

Tax-Free Educational Savings Fund

Are you expecting to pay future education costs? A Coverdell Education Savings Account (ESA) is an ideal account for education saving and spending. With an ESA you can pay tax-free for elementary, secondary and college expenses - including tuition, books and uniforms.

Prepare for your child’s future success with a tax-advantaged ESA.

With a Coverdell ESA you get:

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Cover Education Expenses

Spend from the account tax-free on all qualifying education expenses.

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Tax-Free Distributions

Tax-free, penalty-free distributions.

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$2,000 Annual Limit

Contribute up to $2,000 tax-free dollars annually, for up to 18 years.

Open Your Account Today!

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Schedule an appointment to meet with a member representative at your nearest branch.

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Send us a message to discuss your savings goals and account needs.

Get Instant Answers

Anyone can make contributions of up to $2,000 for the beneficiary.
No, if the funds are used for qualified educational expenses, the disbursement is tax-free and penalty-free.
No, the funds can be withdrawn at any time if they will be used for qualified educational expenses.

For Your

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Easily access your monthly statements online.
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Download the Credit Union West Mobile Banking app to access your account on the go.
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Transfer money into your savings, review balances and more.
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Schedule automatic deposits from your checking to your Coverdell ESA.
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