Waiting to here back from a local financial adviser to set up an appointment ASAP. In the meantime I have been reading around. Yes, you guys are right that I have made an error in choosing to invest with my local credit union. Thankfully, it has at least got me started along that path, and I realized my error early on.
I just found this in one of J.D.'s Roth IRA articles, and now I feel dumb that I didn't see this before:
I opened a Roth IRA at a local bank, but I noticed that I’m only getting a 1.98% return. This seems unusually low. Should I withdraw my money and move it to Vanguard, Fidelity, or T. Rowe Price?
Your money is probably in a savings account or certificate of deposit. Your bank may offer additional financial services — check with them to see where else you can put the money. Barring that, yes absolutely move the money to a different location. You may have to pay a transfer fee, but it’s worth it.
As Mandy writes in the forums, “Traditionally banks are one of the worst places to invest because they typically offer high-load/high-fee or very conservative investments and charge higher service fees than most other brokerages. Banks are for banking, not investing.” (See "Which investments are best for a Roth IRA?" for ideas on where to put the money.)
Thanks for being so quick to respond!