Create a more secure future by making maximum allowable contribution to an IRA savings or certificate account each year. Your savings are federally insured to at least $100,000 by the NCUA, a U.S. government agency. The NCUA insures retirement accounts 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 retirement savings account in which the allowable contributions and earnings are not taxed until the funds are withdrawn, after age 59 1/2.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 $4,000 for each income earner if your income limits qualify.  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 $4,000 in contributions per year. However, unlike the traditional IRA, earnings and distributions can be tax-free for specified purposes and subject to restrictions at the time of withdrawal. 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.