Traditional and Roth accounts are available for your future saving goals and insured to $250,000 by the NCUA. IRA contributions may be tax deductible or tax deferred (ask your tax advisor for information). Dividends paid quarterly. Contribution limit for 2025 is $7,000. If within the tax year you will be age 50 or older you can contribute an additional $1,000.
Click links to learn more about Traditional or Roth IRAs. New Deposit Policy limits to $300,000.
IRA Comparison
| Item |
Traditional |
Roth |
| Deductible Contributions? |
Yes |
No |
| Tax Deferred Earnings? |
Yes |
Not after Age 59 1/2 |
| Early Withdraw Penalty? |
Yes, 10% prior to 59 1/2 |
No |
| Contributions Age Limited? |
No |
No |
| Withdrawal Requirement? |
Yes, at 73 |
No |
IRA Overview:
Traditional IRA's:
Roth IRA's:
Transfers, Rollovers and Conversions:
IRA and Retirement Plan Distributions:
Inherited IRAs:
Coverdell ESAs:
Retirement Plans:
SEP, SIMPLE IRA, and Individual(k) Plans:
Health Savings Accounts:
Health Savings Accounts for Employer:
