IRAs


Planning today to be ready for tomorrow

You deserve peace of mind. We’re here to support your savings plans that create a strong financial future.

By opening or contributing to a traditional individual retirement account (IRA), you can potentially reduce your taxable income while building retirement savings.* We can help you reach your financial goals with our wide variety of IRA options that fit your individual needs. 


Learn more

Guaranteed returns with an IRA CD

With a competitive rate on our 60-month IRAs, you can earn guaranteed interest throughout the term, helping save today while you build for retirement tomorrow.
 

Annual Percentage Yield (APY)

View all rates and fees associated with IRAs»

 

 

Premier IRA Savings Account

With a Premier IRA Savings Account, you can contribute to a traditional IRA, Roth IRA or Coverdell Education Savings Account while keeping your investment 100% accessible.1 The more you add to your Premier IRA Savings Account, the greater the return on your funds. 


Earn up to

0.50% APY**

on balances of $100,000 or more


View rates and fees associated with our Premier IRA Savings »
 

Investing in your future

Financial wellness is at the core of everything we do. 

Together we can help you reach your long-term financial goals. Every OCCU member can work with our talented OCCU Investment Services2 team. Our team will help guide and educate you on the investment opportunities that fit your financial goals. 
 

Connect with our team to learn more »

Types of IRA accounts

IRAs can vary based on the type of account you choose. Choosing the best IRA for you depends on your goals.

Traditional IRA

A traditional IRA is an individual retirement account that allows you to save for retirement with tax-deferred earnings, so you won’t owe income taxes until you make withdrawals. And, if you’re eligible, contributions can be tax-deductible.* You can invest up to $6,000 a year, or if you’re age 50 or older, up to $7,000 based on eligibility.

Roth IRA

A Roth IRA is also an individual retirement account, but there’s a big difference. Contributions to a Roth IRA aren’t tax-deductible. So why choose it? The money you contribute can be withdrawn at any time tax- and penalty-free. If you qualify, you can withdraw the earnings tax-free also. This means if you find yourself in a financial pinch, you can withdraw what you’ve put in (not what you’ve earned) without penalty.

Determine if a rollover is right for you

Do you have an IRA or previous employer-sponsored 401(k) that’s passively running in the background? It might be time to consider rolling them over and consolidating them into one IRA account to help you get your future planning on track.

Reasons to consider a rollover

  • Never lose track of your old 401(k)s or other IRAs.
  • Build personal wealth over time with greater control over your retirement funds.
  • Increase offerings to fit your retirement goals.

Maximize your contribution

Opening or contributing to an individual retirement account before tax day could help you reduce your taxable income and build your retirement savings. You may be eligible to contribute up to $7,000!

Age 2021 tax year
Under 50 $6,000
50* or older $7,000


*Reaches age 50 before the close of the year for which the contribution is made.

See if you are eligible for additional tax savings by exploring your options with our expert team.

They’ve been so helpful over the years with figuring out ... complicated banking things like inherited IRAs, which nobody knows about because they’re so complicated and they’re kind of new.

Martha B.

Retirement planning resources 

Understanding IRAs



Three financial reasons to make an estate plan

Wealth — you can’t take it with you.

Read more of article “Three financial reasons to make an estate plan”»

Have questions?

Want to learn more about our IRAs? Let's connect!

*Note: The above information is not intended as tax advice. Please consult your tax professional for tax information. 

**0.40% annual percentage yield (APY) on balances between $0 to $99,999.99; 0.50% APY on balances $100,000 or more. APY & rate may change. Fees could reduce earnings. Rates accurate as of 7/19/2022.

1 The IRA annual percentage yields (APY) and rates are current as of 04/21/2021. There is a minimum balance requirement of $500 to open a traditional or Roth IRA account and earn the APY. Early withdrawal penalties may apply. Fees could reduce earnings. See all rates and fees associated with OCCU certificate accounts here.

2 Securities offered through Securities America, Inc., member FINRA/SIPC.  Financial Advice & Investment Advisory Services offered through PFG Advisors, a Registered Investment Advisor (RIA). PFG Advisors, OCCU Investment Services, Oregon Community Credit Union and Securities America, Inc. are separate entities. Securities America and its representatives do not provide tax or legal advice; therefore it is important to coordinate with your tax or legal advisor regarding your specific situation.

CLICK HERE FOR A COPY OF PFG ADVISORS’ RELATIONSHIP SUMMARY (FORM CRS).

CLICK HERE FOR A COPY OF SECURITIES AMERICA, INC’S RELATIONSHIP SUMMARY (FORM CRS).

Free and simple tools are available for research firms and financial professionals at INVESTOR.GOV/CRS, which also provides educational materials about broker-dealers, investment advisors, and investing. 
 
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