Individual Retirement Accounts (IRA)

Find the best account for your retirement and saving needs

UFCU offers various options to take advantage of IRA (Individual Retirements Accounts) benefits.

We offer the following IRA plans:

TRADITIONAL IRA

Defer taxes on your earnings until they are withdrawn at age 59-1/2 or older. Contribution may be tax-deductible*.

ROTH IRA

Qualify for tax-free growth. For those expecting to be in the same or higher tax bracket when you reach 59-1/2. Converting traditional and Roth IRAs may be beneficial.

EDUCATIONAL IRAS

Contributions are not tax-deductible. Withdrawals are tax-free when provided for a child’s higher education expenses. Contributions up to $2,000 per child.

IRA MONEY-MARKET

Earn our competitive money-market rates starting from $1,000. This is a tiered account that guarantees you the best rate for your IRA balance.

IRA CERTIFICATE

Lock into a high fixed rate for a specific term by investing in a Certificate.  If you are over 59 1/2 you can invest in one of our IRA Certificate Options.  Open one today with as little as $1000.

LADDER IRA CERTIFICATE

This is a 5 year certificate term built into five certificates. There terms are 1-5 years at the regular certificate rate. Each maturing certificate automatically renews into a 5 year certificate or has the option of being redeemed. The minimum balance requirement of this certificate is $5,000.

 

* For specific tax advice, please consult your tax advisor.

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