SEP

With a Simplified Employee Pension Individual Retirement Arrangement (SEP IRA) plan, only the employer makes contributions, and with this program in place, the company is required to make contributions for all eligible employees. Your employees are immediately 100% vested, so the money you contribute is theirs right away.

  • 100% employer funded
  • Employers can contribute up to 25% of the employee’s pay, up to $53,000 per year
  • Employees will pay a 10% penalty on funds withdrawn before the age of 59 ½
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"Whether it’s getting a bank letter or a truck loan, it’s nice to go to someone you know who knows you, gives you what you need right now. In business we don’t have the time to ask everything and write everything down to your shoe size. You go in the same day or you call in, pick up the letter, it’s ready to go. You can’t do that at another bank." - George & Matt Scheffel, Allegheny Welding

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NOTICE

Some customers have reported receiving text message alerts, stating that their debit card has been "blocked" and that they need to reply to the text message with their full debit card number. This is a phishing attempt and you should never enter your card information or any other private personal information into a text message or email.

Please know that First United will never ask you for confidential or private information through text, email or social media channels. If you are ever unsure about a communication from the Bank, please contact our Customer Care Center directly at 1-888-692-2654.

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