Individual Retirement Accounts
Start Securing Your Future
you want in your future, let us help you achieve it.
Read FAQs
Individual Retirement Accounts
Start Securing Your Future
you want in your future, let us help you achieve it.
Traditional IRA
Boost your retirement savings with tax-deductible contributions and tax-deferred growth. You can make contributions in-person, through Payroll Deduction, or with automatic transfers from another NCPD FCU account.
See Rates
Roth IRA
Get a flexible way to save for retirement by making after-tax contributions, and take advantage of tax-deferred growth and tax-free withdrawals in retirement. At NCPD FCU, you’ll enjoy competitive earnings and multiple ways to contribute to
your Roth IRA.
Coverdell Education IRA
Save up to $2,000
per year for your child’s education with after-tax contributions. Qualifying distributions/withdrawals may be penalty- and
tax-free and can be
used for K-12 and
college expenses.
Traditional IRAEnjoy upfront tax advantages as you save for retirement. | Roth IRASecure tax-free earnings and withdrawals in retirement. | Coverdell Education IRABenefit from flexible savings for education expenses. | |
|---|---|---|---|
| Contributions may be tax-deductible (annual contribution limits apply) |  | ||
| Contributions are made with after-tax income (annual contribution limits apply) | | | |
| Competitive dividend rates | | | |
| Dividends compounded quarterly | | | |
| Minimum opening deposit | $5.00 | $5.00 | $5.00 |
| Contributions may be tax-deductible (annual contribution limits apply) | |
|---|---|
| Contributions are made with after-tax income (annual contribution limits apply) | |
| Competitive dividend rates | |
| Dividends compounded quarterly | |
| Minimum opening deposit | $5.00 |
| Contributions may be tax-deductible (annual contribution limits apply) | |
|---|---|
| Contributions are made with after-tax income (annual contribution limits apply) | |
| Competitive dividend rates | |
| Dividends compounded quarterly | |
| Minimum opening deposit | $5.00 |
| Contributions may be tax-deductible (annual contribution limits apply) | |
|---|---|
| Contributions are made with after-tax income (annual contribution limits apply) | |
| Competitive dividend rates | |
| Dividends compounded quarterly | |
| Minimum opening deposit | $5.00 |
Calculate Your Future
Use our convenient calculators to inform your financial strategy. Estimate how much you’ll have saved in the future, how much you should contribute to savings, and more.
Calculators
“Laura had everything ready to be mailed by end of the day.
That was amazing to me.”
– Pat F.
Calculate Your Future
Use our convenient calculators to inform your financial strategy. Estimate how much you’ll have saved in the future, how much you should contribute to savings, and more.
Calculators
“Laura had everything ready to be mailed by end of the day.
That was amazing to me.”
– Pat F.
More to Know
Share Insurance
Your account is federally insured by the National Credit Union Share Insurance Fund from the National Credit Union Administration (NCUA). The standard share insurance amount is $250,000 per share owner for
each ownership category.
Visit MyCreditUnion.gov/estimator
your coverage.
Payroll Deduction
Automatically deduct a set amount from each paycheck to be deposited into the NCPD FCU account of your choice. Arrange this through your employer to effortlessly grow your savings.
Share Savings
Become a member of NCPD Federal
Credit Union and enjoy competitive rates, low fees, quality service, and valuable products. Open a Share Savings Account to join NCPD FCU and begin advancing your financial goals.
Frequently Asked Questions
Both the Traditional and Roth IRA options offered by NCPD Federal Credit Union provide competitive rates, a low opening deposit, and multiple contribution options. The key difference is in the timing
of their tax advantages.
Eligible savers with earned income can use a Traditional IRA to make tax-deductible contributions, which can help you take advantage of tax savings right now, and your investments can grow tax-deferred. When you make withdrawals in retirement, these are taxed as ordinary income.
A Roth IRA is funded with after-tax contributions. This can allow you to enjoy tax-free growth and distributions in retirement. Roth IRAs are generally recommended if you expect to be in a higher tax bracket during retirement. Unlike those with a Traditional IRA, Roth IRA owners do not need to take required minimum distributions (RMDs) in retirement.
Note that income limits, annual contribution limits, and other rules apply. Check with a tax advisor
to discuss your specific needs.
Contributions can be made to your IRA in person, through Payroll Deduction, or through transfers from another NCPD FCU account.
Absolutely. NCPD FCU offers federally insured certificates with highly competitive rates for a variety of savings terms. Our certificates can bring more stability to your retirement portfolio by offering a predictable fixed rate of return for the entire term, while helping you avoid stock market volatility. No penalties apply for certificate withdrawals for required minimum distributions.
When you open your IRA, you’ll receive introductory paperwork that will note the dividend rate your account will earn. We also keep our rates updated online for quick and easy access.
Both a 529 plan and a Coverdell Education IRA, also known as a Coverdell Education Savings Account, allow you to invest money toward your child’s education. Unlike a 529, a Coverdell ESA comes with income limits for those opening an account, can only be opened for beneficiaries under the age of 18, and has an annual contribution limit of $2,000 per year.
However, a Coverdell Education IRA may offer more investment flexibility compared to a state-sponsored 529 plan. Funds can also be used to cover more qualified education expenses, including tuition and fees, books and computers, transportation, tutoring, and uniforms.
Get Answers. Get Started.
Our knowledgeable team is ready to help you realize your financial potential.
Find a Branch Contact UsFrequently Asked Questions
Both the Traditional and Roth IRA options offered by NCPD Federal Credit Union provide competitive rates, a low opening deposit, and multiple contribution options. The key difference is in the timing
of their tax advantages.
Eligible savers with earned income can use a Traditional IRA to make tax-deductible contributions, which can help you take advantage of tax savings right now, and your investments can grow tax-deferred. When you make withdrawals in retirement, these are taxed as ordinary income.
A Roth IRA is funded with after-tax contributions. This can allow you to enjoy tax-free growth and distributions in retirement. Roth IRAs are generally recommended if you expect to be in a higher tax bracket during retirement. Unlike those with a Traditional IRA, Roth IRA owners do not need to take required minimum distributions (RMDs) in retirement.
Note that income limits, annual contribution limits, and other rules apply. Check with a tax advisor
to discuss your specific needs.
Contributions can be made to your IRA in person, through Payroll Deduction, or through transfers from another NCPD FCU account.
Absolutely. NCPD FCU offers federally insured certificates with highly competitive rates for a variety of savings terms. Our certificates can bring more stability to your retirement portfolio by offering a predictable fixed rate of return for the entire term, while helping you avoid stock market volatility. No penalties apply for certificate withdrawals for required minimum distributions.
When you open your IRA, you’ll receive introductory paperwork that will note the dividend rate your account will earn. We also keep our rates updated online for quick and easy access.
Both a 529 plan and a Coverdell Education IRA, also known as a Coverdell Education Savings Account, allow you to invest money toward your child’s education. Unlike a 529, a Coverdell ESA comes with income limits for those opening an account, can only be opened for beneficiaries under the age of 18, and has an annual contribution limit of $2,000 per year.
However, a Coverdell Education IRA may offer more investment flexibility compared to a state-sponsored 529 plan. Funds can also be used to cover more qualified education expenses, including tuition and fees, books and computers, transportation, tutoring, and uniforms.
Get Answers. Get Started.
Our knowledgeable team is ready to help you realize your financial potential.
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