Secure your future with a Traditional or Roth IRA.
IRA RATES
1APY=Annual Percentage Yield. Account qualifications apply. View our Schedule of Rates and Fees or contact credit union for full details.
1APY=Annual Percentage Yield. Account qualifications apply. View our Schedule of Rates and Fees or contact credit union for full details.
Start your IRA application
Benefits of an IRA
Saving for retirement is important, and we're here to help. An Individual Retirement Account, or IRA, provides a smart way to save for the future and offers a wealth of benefits, including tax advantages2 that ensure you see as much of your paycheck as possible.
Tax Advantages
Easy to Manage
Great Dividends
Flexibility
What is an IRA?
An Individual Retirement Account is one of the best ways to save for retirement. You can deposit a certain portion of your earnings into an IRA to receive certain tax advantages. The money then can be invested in stocks, bonds and other assets, which may accrue in value over time. This may help you stretch your money even further in retirement. You can manage your investments as you see fit to stay in control of your finances.
However, once your money goes into an IRA, you may have to pay a penalty if you take it out before you reach a certain age. The terms and conditions vary based on the type of IRA, so make sure you find the right choice for your finances.
Traditional and Roth IRA: what's the difference?
Traditional and Roth IRAs each offer unique tax advantages to help you save for retirement. What's the difference?
Traditional IRA contributions may be tax deductible. And taxes on dividends are deferred until retirement. Roth IRA contributions are not tax deductible, but earnings accumulate tax-free and remain tax-free upon distribution. Compare below and consult your tax advisor to determine which is right for you.
Traditional
- No income limits to open
- No minimum contribution in any year allowing flexibility
- Contributions may be tax deductible and taxes on dividends are deferred until retirement.2
- Withdrawals can begin at age 59½
- Early withdrawals subject to penalty3
- Mandatory withdrawals required based on age.
Roth IRA
- Income limits to be eligible to open Roth IRA
- Contributions are NOT tax deductible
- Principal contributions can be withdrawn without penalty2
- Withdrawals on interest can begin at age 59½
- Early withdrawals on interest subject to penalty3
- No mandatory distribution age
- No age limit on making contributions as long as you have earned income
Start building your perfect budget today!
Ready to get started? Download your guide now:
What our members are saying:
“They care about my dreams of becoming a homeowner. Such a better experience with them compared to the mega banks and even the big credit unions!”
Lauren M.“I've been a member since it was Jantzen Federal Credit Union. Now I have moved from The Big City but keep my account there. Customer service is excellent. Some of the larger Credit Unions lack the personal connection CCCU has. And I really support the member-owned idea, as opposed to for-profit banks (who seem to always be tweaking the rules and charges to extract money from their customers)."
Markus O.“I have been a member in some capacity for almost 40 years. I no longer live in OR but have continued to do my banking with CCCU for almost 15 years. I could not be happier with my experience.”
Michael P.New in Our Blog
Enjoy browsing our collection of recent blog articles that will help you learn and save more for your retirement!
