Individual Retirement Accounts (IRA)
A traditional IRA is a way to save for retirement that gives you tax advantages.
- Contributions you make to a traditional IRA may be fully or partially deductible, depending on your circumstances.
- Generally, amounts in your traditional IRA (including earnings and gains) are not taxed until distributed.
CTCU offers two types of IRAs for you to choose from.
IRA Type
Traditional IRA
Under 50 Contribution Maximum$6,000
Over 50 Contribution Maximum$7,000
Exceed CompensationNO
APY*1.00%
RestrictionsReduces contributions that can be made to Roth IRAs
IRA Type
Roth IRA
Under 50 Contribution Maximum$6,000
Over 50 Contribution Maximum$7,000
Exceed CompensationNO
APY*1.00%
RestrictionsReduces contributions that can be made to Traditional IRAs
IRA Term Share Certificates
IRA Certificates are available for Members with Individual Retirement Accounts. IRA Certificates give you added flexibility within your IRA.
*See current rates and full disclosures.Everything you need to know about IRAs
Roth IRA
Traditional IRA
Exploring IRA Options
Growing your Savings
Rollovers
Conversion to Roth IRA
Roth Eligibility
Still have questions about planning for you future?
We can help! Give us a call at 903-561-2603 or 1-877-662-2828.
Contact our Financial Experts