Coverdell Education Savings Account

Tax-free savings for education at every stage.

Education can come with a high price tag. Save for it by opening a tax-free Coverdell Education Savings Account (CESA) in the name of a child up to age 181. Also known as an Education IRA, a CESA is a trust or custodial savings account you can use to pay for qualified education expenses, including tuition, books, supplies, equipment, academic tutoring and special needs services. Unlike 529 plans, CESA funds can be used for elementary, secondary or higher education. CESAs also let you direct your investments versus choosing from a menu of options.

  • Contribute up to $2,000 per year
  • Enjoy tax-free growth and withdrawals
  • Open an unlimited number of CESAs for a designated beneficiary
  • Use funds for tuition, books, supplies, equipment, academic tutoring and special needs services

Save for your future Trojan’s education.

Open a tax-free Coverdell Education Savings Account (CESA), online or at any branch.

USC has been my center of excellence for education since 1976, and USC Credit Union has been the holder of my financial trust and continues to be.

-Zohreh

  • Checking Accounts

    Free ATMs. Free Online Banking. USC Credit Union checking accounts give you perks and plenty of choices from our no-fee basic to interest-bearing accounts.

  • Debit Cards

    Go cashless! Your Debit/ATM card lets you access the funds in your checking account with one quick swipe.

  • Direct Deposit

    Get paid early! Have your paycheck or any recurring payments deposited electronically into your checking account online. It’s safe, easy to set up, and a real timesaver.

1Contributions are not tax-deductible and are limited to $2,000 annually.