Depositing into an Individual Retirement Account helps you take control of your retirement planning. First California Federal Credit Union offers several types of IRA Accounts as well as Coverdell Educational Savings Accounts.


Traditional IRA Account

This account offers tax-deferred earnings and the possibility of tax-deductible contributions. Anyone with earned compensation who will not reach the age 70 ½ by the end of the year can contribute. All earnings in a Traditional IRA are not taxed until they are withdrawn.


Roth IRA Account

Roth IRA contributions are not tax-deductible and are taxed in the year they are earned. Contributions may be withdrawn tax-free and IRS penalty-free anytime. Earnings are tax-free if the account is open for five years and withdrawn for a qualified reason. You are not required to start taking minimum distributions at age 70 ½.


IRA Accumulation Account

IRA Accumulation Accounts allow you to start your IRA Share Account with a minimum deposit of $100. A small deposit every pay period can assist in building your retirement plan!


IRA Split Rate Account

With a minimum deposit of $1,000, this is a tiered rate Share Account. Earnings on this account are based on the balance you have on deposit. The more you save, the more you earn in dividends!


IRA Term Share Certificate

Term Share Certificates are available for members that request to invest their IRA funds for a defined period of time. One year and two-year terms are available for members. For more information about our Term Share Certificates click here.