WHAT OUR MEMBERS SAY
WHAT OUR MEMBERS SAY
About SchoolsFirst FCU

“The Credit Union has something for everyone, from someone who is financially savvy to a person who just needs basic services.”


– Amy C.
Member Since 2010

About SchoolsFirst FCU
MOST POPULAR CONTENT
MEMBER FAVORITES Estate Planning & Trust Services
Meet Our Financial Advisors
457(b) Investment Providers
403(b) Investment Providers
Mutual Funds
Roth IRA
Roth IRA

Roth IRA is offered through CUNA Brokerage Services, Inc.1, a broker/dealer focused on serving credit union members. CUNA Brokerage Services, Inc. is an affiliate of CUNA Mutual Group.

 

Check the background of our investment professionals on FINRA's BrokerCheck

 

CBSI is under contract with the Credit Union to make securities available to Members.

 

 

Although Roth IRA contributions aren't tax-deductible, they offer a potentially greater tax benefit.2

 

All contributions and earnings left in the Roth IRA for at least five years and distributed after age 59½ aren't taxed, no matter what your tax bracket or income level is.

 

Open an IRA online

 

Features

  • Contribute up to $6,000 per year.
  • If you are age 50 or older, you may contribute an additional $1,000 under the catch-up provision.
  • Annual contributions to all your IRAs combined (traditional or Roth) are limited to 100% of your annual compensation, or the annual limit set by the IRS per individual, whichever is less.
  • The minimum opening deposit on IRA Share Certificates is $500; $10 for Accumulation IRAs.

 

Tax Considerations

  • There are income limits to contributing to a Roth IRA: If you are single, your modified adjusted gross income, or MAGI, must be under $140,000.
  • If you are a married filing jointly your MAGI must be less than $208,000.
  • If you are married filing a separate return, lived with your spouse at some time during the year, and your gross income was less than $10,000, you can contribute a reduced amount to a Roth IRA.

Visit the IRS website to learn more about investing in a Roth IRA.

 

You can maximize your tax savings by selecting the IRA that is right for you.2 As with any retirement plan, we encourage you to discuss your needs with one of our financial advisors.

 

Roth IRA is offered through CUNA Brokerage Services, Inc.1, a broker/dealer focused on serving credit union Members. CUNA Brokerage Services, Inc. is an affiliate of CUNA Mutual Group. For more information about CUNA Brokerage Services, Inc., please visit cunabrokerage.com.

 

Online

Open an IRA in Online Banking

 

Call

Call 

 

800.462.8328 ext. 4300

Monday through Friday, 7 a.m. – 7 p.m.
Saturday, 9 a.m. – 3 p.m.

 

Email

 

Send an email to iraservices@schoolsfirstfcu.org

 

Branch

Visit

 

Any SchoolsFirst FCU branch

 

 

Disclosures

1 Financial professionals are registered representatives of CUNA Brokerage Services, Inc. Representatives are registered, securities sold, advisory services offered through CUNA Brokerage Services, Inc. (CBSI), member FINRA/SIPC, a registered broker/dealer and investment advisor, which is not an affiliate of the credit union. CBSI is under contract with the Credit Union to make securities available to Members. Not NCUA/NCUSIF/FDIC insured, may lose value, no financial institution guarantee, and not an obligation of the Credit Union. Not a deposit of any financial institution. CUNA Brokerage Services, Inc. is a registered broker/dealer in all fifty States of the United States of America. FR-3438580.1-0221-0323

2Please consult a qualified tax professional for tax advice on your specific circumstances.

 

 
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RELATED CONTENT
RELATED CONTENT
Retirement & Investment Forms •  Retirement & Investment Forms
 
 
403(b) and 457(b) Plan Administration •  403(b) and 457(b) Plan Administration
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