Community Resource Federal Credit Union
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Community Resource Federal Credit Union

IRA Certificates

Prepare for the Financial Future You Want

Safeguard your earnings as they grow, with an IRA Certificate. It allows you to save for a set period of time at a guaranteed, fixed rate. Choose from a Traditional CD IRA or a Roth CD IRA.

Earn guaranteed returns at competitive rates with an IRA certificate from CRFCU.

  • Flexible deposit amounts
  • Planning ahead
  • High dividend earnings

Open an IRA Share Certificate

Open an Account

IRA Share Certificates

With an IRA Share Certificate, you can lock in the rates of a Certificate which are the benefits of an IRA. Therefore, you receive high yields, paid monthly, while your earnings are tax-deferred until you begin making withdrawals.

Benefits of a Share Certificate:

Tiered balance rate structure*

$500 minimum deposit

Terms from 3 to 60 months

Fixed rate until maturity*

Federally insured by the NCUA

Depositing over $50,000? Click here for our Super Share Certificate rates.

Share Certificates & IRAs
Deposits are Federally Insured up to $250,000 by the National Credit Union Administration.

Traditional IRA vs ROTH IRA

ItemsTraditional IRARoth IRA
DescriptionOur traditional IRA allows you to save for retirement with a guaranteed, fixed rate. Earnings are tax-deferred and your contributions may be tax-deductible.Earnings are guaranteed at a fixed rate and grow tax-free. You pay taxes on your contributions now, but earnings are tax-free upon withdrawal.
Ideal IfYou want to reduce your current taxable income, and don't plan on making withdrawals until retirement, at age 59 ½.You want to reduce your taxable income at retirement, you need more flexibility for withdrawals, or you may work past age 72.
Tax AdvantagesYou may be able to reduce your current income taxes now. You don't pay taxes until you make a withdrawal, typically when you are in a lower tax bracket.All earnings grow tax-free, and you don't pay taxes when you make a withdrawal, typically when you are in a lower tax bracket.
WithdrawalsWithdrawals are taxable income. Withdrawals made before age 59½ could be subject to a 10% penalty.Earnings that have been in the account for 5 years are tax-free if you are at least 59½. Contributions can be withdrawn anytime with no penalty or taxation.
Mandatory WithdrawalsAge 70½ for IRA owners born before July 1, 1949, and age 72 for those born on or after July 1, 1949None
*Funds cannot be withdrawn from IRAs until the owner is 59 ½ years old without penalty. At 70 ½ years old you must start taking funds. This is called required minimal distribution (RMD). Savings rates are variable and are subject to change at the discretion of the Board of Directors. Annual percentage yields are based on the reinvestment of principal and interest for one full year. Dividends are compounded and paid monthly. A penalty will be imposed for early withdrawal on certificates including IRA Certificates. Minimum to open and obtain APY for these Share Certificates is $500. Fees may reduce earnings. Certificate Renewal Policy: Share Certificates automatically renew at the time of maturity. CRFCU will provide 30 days notice prior to the maturity date. If you do not contact CRFCU on or before the maturity date, the account will renew with the following terms, at the rate current at the time of renewal. For certificates with maturities of greater than 90 days, you will have a 7-day grace period after the maturity date to withdraw the funds in the account without being charged an early withdrawal penalty. Please refer to your Terms and Disclosures for more detailed savings information.  Effective date 7/1/2022