IRAs

IRA, Roth, ESA – Which Is Right For Me?

Taking the step to save for retirement is one of the most important decisions you can make for your financial future. But with various types of Individual Retirement Accounts (IRAs) available, it can be challenging to know which option is best for you. At CCFCU, we’re here to help you navigate these choices and find the right fit—whether it’s a Traditional IRA, Roth IRA, or a Coverdell Education Savings Account (ESA). 

Financial Security You Can Trust

Your peace of mind is our priority. All CCFCU IRA deposits are insured for up to $500,000—$250,000 through the National Credit Union Administration (NCUA) and an additional $250,000 through Excess Share Insurance (ESI). Rest easy knowing your savings are well-protected. Learn More about Excess Share Insurance.

Nationally Certified IRA Specialists

Our team of Nationally Certified IRA Specialists offers friendly, personalized support to guide you on your retirement journey. (This isn’t tax advice—please consult a tax professional for tailored guidance.)

Explore Your IRA Options

Traditional IRA

A CCFCU Traditional IRA can be an excellent choice if you’re looking for immediate tax savings. With the advantage of tax deferral on all earnings, you can harness the power of compound growth. Depending on your eligibility, contributions may even be tax-deductible! (This isn’t tax advice—be sure to consult a tax professional for personalized guidance.)

Roth IRA

Looking for a flexible and exciting way to save? CCFCU Roth IRAs offer unique opportunities. You can make contributions at any age, and the best part? Qualified distributions are tax-free! It’s a safe, adaptable strategy for planning your financial future. (This isn’t tax advice—consult a tax professional for personalized guidance.)

Coverdell Education Savings Account (ESA)

For many parents, supporting a child’s dream of attending college is a top priority. With the costs of higher education on the rise, saving for this can feel overwhelming. A Coverdell ESA is here to ease that burden, helping you set aside funds for your child’s education in a manageable way. (This isn’t tax advice—consult a tax professional for personalized guidance.)

IRA Share Certificates

Why not combine the tax advantages of Traditional and Roth IRAs with the security of fixed-rate certificates? CCFCU’s IRA Certificates are designed for those seeking safe and stable returns for their retirement savings.

Why Choose CCFCU IRA Certificates?

  • Peace of Mind: All IRA deposits are insured for up to $500,000—$250,000 by the NCUA and an additional $250,000 through ESI.

  • Fixed Rates: Your interest rate remains unchanged for the entire term of the certificate, ensuring you enjoy steady and predictable returns on your investment.

  • Flexible Terms: We offer a variety of certificate terms to fit your needs, including 12, 24, 36, 48, and 60 months. Choose the option that best aligns with your financial goals.

  • Convenient Management: Enjoy the ease of our automatic renewal feature, letting us take care of your savings while you focus on what matters most.

Get Started Today

Are you ready to take the next step in securing your financial future? Let’s explore your options together! Our specialists are here to help you every step of the way. Contact Us.

NCUA Electronic Share Insurance Estimator

The NCUA Electronic Share Insurance Estimator is available to help members better understand the protection offered by the NCUSIF. This interactive site allows users to input data to compute the amount of NCUSIF coverage available under different account scenarios.

Insurance Estimator | MyCreditUnion.gov

*All individual share, share draft, and share certificate accounts held by the same member are added together and insured up to $250,000 by the NCUA and an additional $250,000 by ESI, for a total of $500,000. An individual share account is an account owned by one individual without the right of withdrawal by others. Individual accounts are insured separately from IRA and joint owners.

All joint accounts held by the same member are added together and insured up to $250,000 by the NCUA and an additional $250,000 by ESI, for a total of $500,000. Joint accounts are insured separately from individual and IRA accounts.

All IRA accounts held by the same member are added together and insured up to $250,000 by the NCUA and an additional $250,000 by ESI, for a total of $500,000. IRA accounts are insured separately from individual and joint accounts. Learn More Excess Share Insurance.