IRAs

IRAs are a powerful, tax-advantaged way to save for retirement.  We offer two options, Traditional and Roth.  The primary difference between them is the timing of their tax breaks:

  • With a Traditional IRA, earnings on your investment are tax deferred; you pay taxes when you take distributions in retirement (or if you make withdrawals prior to retirement).
  • A Roth IRA operates in reverse. You pay taxes upfront, because your contributions are not deductible, and the earnings on your investments grow tax-free.

Both Traditional and Roth IRAs come with eligibility rules and restrictions that determine how much you can contribute. Visit irs.gov for a comprehensive guide on both plans. As with any investment decision that will involve your taxes, you should consult a professional tax advisor.

 

Our investment partners offer comprehensive retirement and investment strategies.  

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Minimum BalanceAnnual Percentage Yield
Traditional$50.50%
Roth$50.50%

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For the safety of our members, all branch lobbies are temporarily closed.
The Drive-Thrus are open at Nonconnah and Dexter branches in Memphis.

We encourage our members to access their accounts remotely by logging in online, using our mobile app , or by phone at  (800) 228-8513 or (901) 344-2500 within the Memphis area.

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