An Important Notice to our Members with IRAs

To enhance the calculation of your Required Minimum Distribution (RMD) and to streamline our internal process to serve you better, the date of your RMD disbursement will change beginning in January, 2018.
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Beginning in January 2018, you will notice these changes:

• If you have been receiving an automatic transfer on the 1st of the month, the transfer now will occur on the 15th of the month or the next business day following.  

 

• If you have been receiving a check in the mail the 1st week of the month, you will receive your check the week of the 15th of the month.

​This change will allow us to use newly available software to calculate your RMD even more accurately and efficiently than in the past, so we can provide the best possible service to you!