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IRA Accounts

You may be able to lower your tax liability every year by starting up a Traditional Individual Retirement Account (IRA).  Our competitive interest rates on your IRA are declared quarterly by our Board of Directors.

In a traditional IRA, taxes are deferred until you begin making withdrawals at retirement, as early as age 59 1/2. You must begin making withdrawals when you reach 70 1/2 to avoid IRA tax penalties.  Early withdrawals may be subject to IRS penalties.

In addition to Traditional IRA accounts, CFCU offers the Roth IRA. Roth IRA accounts feature tax-deferred earnings and fewer restrictions on withdrawals.

For more information on IRAs, please click on one of these brochure links.


Introduction to Traditional & Roth IRAs

Comparing Your 
IRA Options


Traditional IRA's



Roth IRAs



IRA Rollovers



Coverdell Education Savings Accounts



 

 

 

 

 


Retirement 
Planning




Savings ($100 Minimum2 Rate APY1
IRA 2.00% 2.02%

 1Annual Percentage Yield     2 To earn stated APY
All savings accounts are variable rate and as such,
rates are subject to change at any time without prior notice.
The APY is accurate as of 1/1/2008.
Fees or other conditions may reduce earnings.
Please consult a credit union employee for more information.

More information?
For more information on any of these accounts, contact a member services representative at any branch.
Main Office 
804-748-1417
Millridge
804-639-9142
Amelia Court House
804-561-1600



 
 
 
 
 
   


 
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