IRAs & Certificates


We all have goals of having a cushy retirement—and it’s never too early, or too late, to start planning for it. TFCU offers Individual Retirement Accounts, or IRAs, that’ll meet your needs and fulfill your retirement goals—whatever they may be.

What we offer:

Traditional IRA - Traditional IRAs are taxed at withdrawal, but allow tax deductions on the contributions that you make. Also, this type of IRA requires you to begin withdrawing funds at 70 ½ years of age. Effective January 2020, at 72 years of age.

Roth IRA - A Roth IRA allows you to enjoy tax-free growth but provide no tax breaks on your contributions. Your contributions also depend on the modified adjusted gross income limits. However, a Roth does not require you to withdraw at any age.

Quick Compare

IRA Basics Traditional IRA Roth IRA
ContributionsUp to $6,000 per year.
Up to $7,000 for age 50 and older.

Up to $6,000 per year.
Up to $7,000 for age 50 and older.

Subject to modified adjusted gross income limits.
Contribution age limit

Age 70 ½; Effective January 2020 - No age limit

TaxationEarnings taxed at withdrawal. Contributions may be tax deductible, check with a tax advisor.Contributions subject to taxation. Earnings grow tax-free.
WithdrawalsOptional beginning at age 59 ½. Mandatory at age 70 ½. Effective January 2020 at age 72.Optional beginning at age 59 ½. No mandatory withdrawal age.
Early withdrawalPenalties apply; exceptions exist for first time home purchase*, higher education expenses**, or if disabled. Consult a tax advisor for details.

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Retirement Central

Take control of your retirement! Now it's even easier to manage your IRA account with Retirement Central. A portal designed with you in mind to make it easier for you to make contributions, request distributions, or simply learn more about planning and saving for retirement. 

Visit Retirement Central today to get started.



How does a guaranteed return on your investment sound?

With TFCU’s Share Certificates, you get a guaranteed return on your investment with fixed rates and many flexible terms to choose from. Get a higher dividend rate than a regular Share Savings Account and watch your money grow faster so you can achieve your financial dreams.

  • Regular and Jumbo Certificates available
  • No maintenance fees
  • Rollover options available
  • Fixed rates
  • Terms up to 60 months
  • Longer the term the higher your dividend rate

Save-a-Lot Share Certificate 

A Save-a-Lot Share Certificate requires a smaller opening balance with terms of just one year—perfect for savers that are just starting out or starting over!

  • Dividends compounded monthly/quarterly and paid monthly/quarterly. (Speak to a TFCU Representative for complete details)
  • Open with as little as $25
  • Keep making minimum deposits of at least $10 throughout the term—whenever you want!
  • Competitive dividend rate

Rate Plus Share Certificate 

Choose a Share Certificate with flexibility and an adjustable rate—that’s what you get with a Rate Plus Share Certificate from TFCU. You can take advantage of a better rate at any time during your term if rates happen to increase!

  • $500 to open
  • Choose terms from 18 or 30 months
  • One time dividend rate change available per term
  • Dividends compounded monthly/quarterly and paid monthly/quarterly. (Speak to a TFCU Representative for complete details)


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