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LifeCU Mobile

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IRAs

Plan for what matters most—your future

Both Traditional and Roth IRAs are available

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  • What is an IRA?

    IRA stands for Individual Retirement Account. This account type helps you save for retirement, at a tax-advantage. It’s a great way to prepare for the future and feel more secure.

    Your long-term partner

    You know the importance of personalized care and building long-term relationships. That importance holds true not only in the healthcare world, but also in the financial one. You want a partner by your side that genuinely cares for your wellbeing, whether you’re just opening your first checking account, or getting ready to retire. LifeCU is not-for-profit and member-focused. We want to stay with you every step of the way by offering great service and stellar rates on all kinds of financial products, including IRAs.

    • Reduce your tax burden
    • Contribute up to $5000 annually
    • Choose between a Traditional or Roth IRA
    Celebrate our 60th Anniversary with these special rates!

    Check out our limited-time Diamond Anniversary rates

    Celebrate with sparkling rates to make your money shine!

    Read Blog
  • Traditional IRA/Roth IRA Term Certificate

    Dividend Rate Annual Percentage Yield Minimum Opening Balance Minimum Balance to Earn APY Dividends Compounded & Credited Dividend Period
    12 Months 1.70% 1.70% $4,000 $4,000 at maturity at maturity
    18 Months 1.75% 1.75% $4,000 $4,000 at maturity at maturity
    24 Months 2.10% 2.10% $4,000 $4,000 at maturity at maturity
    36 Month 2.30% 2.30% $4,000 $4,000 at maturity at maturity
    48 Months 2.50% 2.50% $4,000 $4,000 at maturity at maturity
    60 Months 2.75% 2.75% $4,000 $4,000 at maturity at maturity

    Traditional IRA, Roth IRA, and Coverdell Education Savings Account

    Dividend Rate Annual Percentage Yield Minimum Opening Balance Minimum Balance to Earn APY Dividends Compounded & Credited Dividend Period
    0.10% 0.11% $100 $100 Quarterly Quarterly
  • Frequently Asked Questions

    • Yes. The minimum opening balance is $100.

    • You can contribute up to $5,000 annually or 100% of your yearly earnings, whichever is less.

    • For a Roth IRA, you will pay taxes upfront, but won't have to pay any taxes on the money when you withdraw it in retirement. A Traditional IRA will reduce your initial tax burden, since you can deposit the money without paying taxes on it, but you will pay taxes on your distributions in retirement.

Be prepared

Make your golden years truly golden by opening an account today.

Join LifeCU

Holiday Closing Reminder

Life Credit Union will be closed on Thursday and Friday, November 22-23, in observance of the Thanksgiving holiday. Happy Thanksgiving!
*Even on holidays or after hours, you can access your account through our app, online banking, or audio response.