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IRA

Individual Retirement Accounts (IRAs)

These certificates are available for Traditional and Roth as well as Coverdell Education savings accounts. Each pays competitive dividends and requires a $500 minimum opening deposit with fixed terms from 3 to 60 months. To open one, call (877) 695-2328 or visit LAFCU Branch.

Roth IRAs

  • Contributions are taxed
  • Earnings & qualified withdrawals are tax-free
  • Penalty-free withdrawals begin at age 59½ if open 5+ years

Traditional IRAs

  • Offers potential tax deductions on contributions
  • Earnings are tax-deferred until withdrawn
  • Distributions generally begin at age 59 ½ (mandatory at age 70 ½)

Coverdell Education Savings Accounts

  • Offers tax benefits to help you pay for your children’s education expenses
  • Contribute up to $2,000 per year until the beneficiary is 18
  • Funds must be used by the time the beneficiary reaches 30


Share Certificates

Our share certificates offer high yields with flexible terms from 3 to 60 months. To open one, call (877) 695-2328 or visit a LAFCU Branch.

Regular & Jumbo

  • Minimum deposits are $1,000 (Regular), or $100,000 (Jumbo)
  • Jumbos earn higher yields

Starter (if age 24 or under)

  • $100 minimum deposit
  • Additional deposits of $50+ are allowed until balance reaches $10,000

Senior & Senior Jumbo (if over 60)

  • Receive higher yields
  • Earns bonus dividend on Regular and Jumbo Certificate rates
  • Terms the same as Regular Certificates
  • Minimum deposit is $1,000 (Senior) or $100,000 (Senior Jumbo)

1You must maintain an active checking account each month, having a combination of ATM, Automated Clearing House (ACH), Check Card debit or POS, Bill Pay, or Share Draft Checks, and opt-in to receive e-Statements.

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