IRAs, or Individual Retirement Accounts, provide an excellent way for you to personally save for your retirement. We have no administration, transaction, or transfer fees on your IRA. And your funds are federally insured by NCUA. Yearly contributions may not exceed the set limits. SCCU offers both non-investment Traditional IRAs and Roth IRAs.

With a Traditional IRA, the earnings grow tax-deferred until withdrawn, and your contributions may be tax-deductible.

With a Roth IRA, your regular contributions can be withdrawn penalty-free and tax-free at any time. You may withdraw early from a Roth IRA penalty-free for any of these reasons: age 59 ½, death, disability, or a first-time home purchase.

Want to research more on IRAs and see if a Traditional or Roth would suit you best? Click here for our Retirement Central Tool. Research options, get answers to frequently asked questions, and even contribute online!