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Retirement Savings

Reach your retirement goals with an SECU retirement account.

Safeguard your future with an IRA 

Save for your future while reducing your tax liability with an individual retirement account (IRA). We offer traditional, Roth, and Simplified Employee Pension (SEP) IRA Accounts to help you establish and manage your retirement fund. Benefits include:

  • Tax-advantaged savings1 
    Tax benefits and compounding dividends enable you to save more over time.

  • Dividend earnings2
    Dividends are compounded daily and paid monthly.

  • Low minimum deposit
    Open and maintain an account with as little as $25.3

  • Automated savings
    Set up Funds Transfer or Payroll Deduction contributions.

  • 24/7 access
    Manage your account anytime via Member Access and the SECU Mobile App.

  • Insured deposits
    Deposits are insured by the National Credit Union Share Insurance Fund (NCUSIF), a component of NCUA.

Which type of IRA is right for you?

The two most common types of IRAs are traditional and Roth. You can have both types of IRAs and multiple accounts with different institutions.4 When deciding which IRA is right for you, consider your income expectations, how you want your money to be taxed, and the penalties and limitations you may incur for early withdrawals. View our comparison charts for more details. 

 Traditional IRARoth IRA

Contributions made with pre-tax dollars.5

Contributions made with after-tax dollars.


Earnings grow tax-deferred.

Earnings grow tax-deferred with the potential to be tax-free.

Required distributions

Withdrawals required after you reach your required beginning date (RBD).6

Withdrawals are not required at any age.

Taxability of withdrawals

All withdrawals are generally taxable.

Earnings may be withdrawn tax-free if qualified.  Contributions are withdrawn tax-free at any time.

Withdrawal penalty

10% early withdrawal penalty unless an exception applies before age 59 ½.

Contributions are withdrawn tax- and penalty-free at any time.7

Withdrawn earnings may be subject to a 10% early withdrawal penalty if not qualified.