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Individual Retirement Accounts (IRAs)

We offer a variety of IRAs1 to meet your individual needs!

  • Traditional IRAs
  • Roth IRAs

 

Which IRA is best for me? Here are few general rules:

Choose a Traditional IRA if:

  • You want the tax deduction right now
  • You anticipate paying taxes at a significantly lower rate in retirement

Choose a Roth IRA if:

  • You don’t need the tax break right now
  • You want a more flexible investment (no mandatory distributions and you can withdraw funds at any time)

Should you convert other IRAs or retirement assets to a Roth IRA? Learn more.

Rates for IRA savings accounts and IRA certificates

  • IRAs may be invested in an IRA savings account or an IRA certificate2
  • Deposits can be made through payroll deduction or direct deposit or in person at any of our branches
  • Deposits may be made at any time
  • IRAs are insured by the federal government for balances up to $250,000.

How do I open an IRA?

Give us a call or stop by any branch. We’ll be glad to help you select the account that best fits your needs and financial goals.

Investment Based or Mutual Funds IRAs3

If you are interested in learning more about investment based or mutual funds IRAs, please contact a Financial Advisor with Park View Advisors located at Park View Federal Credit Union.4

Current Rates
Disclosures
1Some IRAs have contribution limitations and tax consequences for early withdrawals. For complete details, consult your tax advisor or attorney.
2By federal law, withdrawals on traditional IRAs before age 59 1/2 have a penalty of 10% of the withdrawal amount. No penalty for withdrawals of contributions on Roth IRAs.
3Investing in mutual funds is subject to risk and loss of principal. There is no assurance or certainty that any investment strategy will be successful in meeting its objectives.
Investors should consider the investment objectives, risks and charges and expenses of the funds carefully before investing. The prospectus contains this and other information about the funds. Contact Park View Advisors at 1675 Virginia Ave Ste C, Harrisonburg, VA, or 540.564.6111 to obtain a prospectus, which should be ready carefully before investing or sending money.
4Securities offered through Cetera Advisor Networks LLC, member FINRA/SIPC, a broker-dealer. Advisory services offered through Cetera Investment Advisers LLC, a registered investment adviser. Cetera is under separate ownership from any other named entity.
Investments are: • Not FDIC/NCUSIF insured • May lose value • Not financial institution guaranteed • Not a deposit • Not insured by any federal government agency.
1675 Virginia Ave Ste C, Harrisonburg, VA 22802
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