Make sure your golden years are truly golden. An IRA account is an ideal place to hold retirement savings funds. This account also allows for easy IRA and 401(k) rollovers. Our IRA options provide great flexibility and include Roth and Traditional IRAs.

  • Contributions are tax-deductible on both state and federal tax returns for the year the contribution was made.
  • Distributions will be counted as part of your taxable income.
  • Must reach age 59.5 to withdraw without paying income tax as well as a 10% penalty.
  • Must have earned income to qualify.
  • Contributions can be made at any age, but are mandatory past age 73.

Roth IRAs

FCCU also offers a Roth IRA account option as well, ensuring multiple options for safeguarding your retirement savings.

  • Contributions to this account are not tax deductible, but earnings from the account as well as withdrawals from it are generally tax-free.
  • Must have earned income to qualify.
  • No age restrictions, including for contributions.

Coverdell Education Savings Accounts (ESAs)

ESA accounts are a great way to begin saving money for a child’s education expenses.

  • The designated beneficiary must be an individual under the age of 18. The age-18 limitation will not apply to any designated beneficiary with special needs.
  • Annual contributions to Coverdell ESAs cannot exceed $2,000 per student per calendar year. This applies even when a student has more than one account – you can still only deposit a total of $2,000 across all of the accounts.

IRA Share Certificates are also available.

For additional information, we’d also encourage you to visit

Individual Retirement AccountsAPY*Dividend Rate
IRA - Traditional0.25%0.25%
IRA - ROTH0.25%0.25%
IRA - Educational0.25%0.25%

CDs & IRAs

Your peace of mind is worth saving for. Certificates of Deposits and IRAs are often an important piece of a sound savings strategy. Certificates require that funds remain in the account for a period of time, and, in return, they pay a higher dividend rate than other savings accounts. Individual Retirement Accounts (IRAs) are a key tax management and saving strategy for retirement and future planning.

Each member’s account is insured to at least $250,000 by the National Credit Union Administration (NCUA), an agency of the Federal Government. All Individual Retirement Accounts are separately insured to $250,000 by the NCUA.