Create a more secure future by making maximum allowable contribution to an IRA savings or certificate account each year. Your savings are federally insured up to at least $250,000 per account by the NCUA, a U.S. government agency. The NCUA insures retirement accounts up to $250,000. POPA FCU offers both Tradtional and Roth IRA (Individual Retirement Account) Savings Account. Both IRAs are availabe as a certificate ($1,000 minimum opening deposit) or savings account ($100 minimum opening deposit).

• What is an IRA? - An IRA is an interest-earning  retirement savings account in which the allowable contributions and earnings are not taxed until the funds are withdrawn, after age 59 1/2.
• Traditional IRA - A tax-deferred IRA that allows annual contributions  of up to $5,000 for each income earner if your income limits qualify. If you're age 50 or older, you may make an additional $1,000 "catch-up" contribution.  Depending on your income, your contributions may be tax deductible. Consult your tax advisor about your individual situation. Withdrawals at retirement will be taxed at your then-current rate, when you will probably be in a lower tax bracket. Your spouse may open and contribute to his/her own IRA.
• Roth IRA - An IRA in which contributions are made with after-tax (non-deductible) dollars. Like the traditional IRA, Roth IRAs allow up to $5,000 in contributions per year. If you're age 50 or older, you may make an additional $1,000 "catch-up" contribution. However, unlike the traditional IRA, contributions are not deductible, but withdrawals at retirement are tax-free. Earnings are tax-free if account is open for five tax years. Consult your tax advisor about your individual situation.
• IRA Share Certificate - IRA Certificates are only available for 24 and 36 month terms with a minimum opening deposit of $1,000.
• CLICK HERE to check out our most current IRA Shares rate and IRA Share Certificate rates.

*Early withdrawal penalties may apply.