Features & Benefits of our Individual Retirement Accounts
IRA terms range
from 3 months to 5 years
Guaranteed rate of return
for the term
No monthly fees
For monthly service or maintenance
Traditional IRAs
Traditional IRAs offer several tax benefits, such as tax-deferred earnings. Please consult your tax advisor to determine the best retirement options for you and your specific situation.
- Earnings grow tax-deferred, and you won’t owe income taxes until you make withdrawals*
- Contributions may be tax-deductible (please read Eligibility Requirements below)
- IRS penalty-free withdrawals are allowed prior to age 59 ½ (up to a lifetime limit of $10,000) when funds are used for qualifying expenses such as a first-time home purchase, higher education expenses, medical expenses, disability, IRS levy, divorce or death
Roth IRAs
A Roth IRA offers tax-free withdrawals in retirement, providing a smart and flexible way to build a tax-efficient retirement nest egg.
- Offer tax-free growth and more flexible withdrawal rules compared to a Traditional IRA**
- Contributions can be withdrawn penalty- and tax-free at any time
- No requirement to start withdrawing money at age 70 ½
- After the account has been active for five tax years, earnings can be withdrawn penalty- and tax-free for a first-time home purchase, disability, death or because you’ve reached age 59 ½
What our members are saying
I've been a Police Credit Union member for three decades. I'm proud to be part of an institution that stands behind our men and women in uniform. In addition to providing excellent loan rates, The Police Credit Union has the best service online or in person.
Asad S.
My entire family has utilized the variety of different services offered at the credit union from checking, savings, loans, and home mortgages. We love the people who work there and their services they provide.
Jerry N.
We're Here to Help
Other ways to connect with us
Call us at 800.222.1391 or find a branch location, by clicking the button below.
Our LocationsMeet with us virtually
Schedule an appointment or meet a member of our Virtual Branch team from your computer, laptop, or mobile device
Visit our Virtual BranchVirtual Branch Hours
Monday - Friday: 10:00 a.m. - 5:00 p.m. PST
Saturday: 9:00 a.m. - 12:00 p.m., 12:30 p.m. - 3:00 p.m. PST
*To make tax-deductible contributions to a Traditional IRA, you must be younger than 70½ years while receiving compensation, generally considered income earned from working. Then you’re automatically eligible if neither you nor your spouse is covered by an employer-sponsored retirement plan, regardless of your income level.
**Assuming you meet the Modified Adjusted Gross Income (MAGI) limits, you can contribute to a Roth IRA even after turning age 70 ½ as long as you’re working and earning income. Roth IRAs do not require minimum distributions when you turn age 70 ½. Further, participating in an employer-sponsored retirement plan does not affect your Roth IRA eligibility.
Please note, consult with your tax adviser to discuss your individual situation.
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