Helping you remove the quotes around "someday"

When it comes to planning and saving for the future, we're here to help make our members' aspirations possible by offering Traditional, Roth and Educational IRA accounts that can be used towards retirement, investment or education goals.

An IRA (Individual Retirement Account) can be opened or contributed to at any time of the year, not just at tax time. You can also roll over your 401(k) or other qualified retirement plan from your previous employer to a PSCCU IRA, all the while keeping the great tax advantages.* (Tax- and penalty-free when rolling over into a Traditional IRA.)

We also offer IRA Certificates of Deposit as another interest-earning savings option.

Traditional IRA

Contributions to a Traditional IRA may be tax deductible* and can be funded any time during the year and up until April 15 of the following year. Traditional IRAs can still be deducted from the income taxes of eligible investors and you are not taxed until you pull out distributions during retirement. So the earlier you open an IRA, the greater your long-term accumulation potential could be.

Roth IRA

A Roth IRA allows you to set aside after-tax income up to a specified amount each year. Both earnings on the account and withdrawals after age 59½ are tax-free. Your contributions are not deductible but since you pay the taxes on your contributions, you are typically not taxed when you pull out your distributions during retirement.*

Educational IRA

A Coverdell Education Savings Account (ESA) is an account created as an incentive to help parents and students save for education expenses. The total contributions for the beneficiary of this account cannot be more than $2,000 in any year, no matter how many accounts have been established. A beneficiary is someone who is under age 18 or is a special needs beneficiary. Contributions to a Coverdell ESA are not deductible, but amounts deposited in the account grow tax free until distributed. The beneficiary will not owe tax on the distributions if they are less than a beneficiary’s qualified education expenses at an eligible institution. This benefit applies to qualified higher education expenses, as well as to qualified elementary and secondary education expenses.

View IRAs, Rates & Terms

*Consult a tax advisor for options and tax advantage qualifications.  Fees could reduce earnings on the account.