IRAs

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Individual Retirement Accounts (IRAs)

Communication Federal Credit Union offers Traditional and Roth IRAs. These accounts provide you with tax-advantaged* options when saving for retirement. If you haven't thought about an IRA as a great tool for saving lately, visit your nearest CFCU branch to learn about the options. All CFCU IRAs are federally insured.

IRA Share Accounts*

Individual Retirement Accounts (IRAs) are a popular method of saving for retirement. Any member of Communication Federal Credit Union with at least $5 in a share account can set up an IRA if they have taxable compensation during the year. Call Communication Federal Credit Union for more details or visit your local branch.

More information IRAs:

  • $250 minimum opening balance
  • One-time $10 origination fee
  • Dividends paid on a tiered balance schedule
  • Dividends compounded and paid monthly on the daily balance for that period
  • Regular IRA rates may change monthly

You may find it beneficial to open a Communication Federal Credit Union IRA share certificate which enables you to "lock in" a dividend rate for a period of time. IRA share certificate rates are the same as our regular certificate rates. Otherwise the account works like a regular IRA.

IRA Share Certificates

  • $1,000 minimum opening balance
  • One-time $10 origination fee
  • Dividends compounded and paid monthly on the daily balance for that period
  • Fixed rates for the term of the CD

 

If you'd like more information about Communication Federal Credit Union's IRA products please visit your local branch or call us at 800.522.3535.

*For information on the tax ramifications of these accounts, please consult your tax advisor.