What is the difference between a IRA Custodian and an IRA Administrator?
As custodian Oregonians Credit Union keeps your funds on deposit, allows you access to the funds and pays the dividends.
An administrator, in this case Ascensus, will assist us in the record keeping process for tax reporting purposes. This will include deposits, withdrawals, fair market values and Post 70 ½ RMDs.
Our association with Ascensus will also allow us to deliver enhanced IRA tools through our website.