Individual Retirement Accounts

Individual Retirement Accounts (IRA) are designed to help members save for retirement. These accounts earn a higher rate of interest than a regular share account and may also offer tax deduction benefits. Start an IRA account today with only a $25 deposit.

There are two types of Individual Retirement Accounts: Traditional and Roth. Though the eligibility requirements differ, often the decision of whether to contribute to a Traditional IRA or a Roth IRA depends on your income. Both offer flexibility, accessibility and valuable tax benefits.

*The earnings on an Roth IRA would be subject to penalty if you have not obtained the age of 59 ½ and the 5 year rule has been met.

Ready to open an IRA with First Class Community Credit Union?

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As of, October 18, 2021, the lobby at our Euclid branch will be closed for walk-in traffic through Friday, October 22, 2021. Our Euclid Branch will continue to serve you at the drive up during our regular business hours.However, the lobby at our Euclid branch will be available by APPOINTMENT ONLY for loans, new accounts, notary services and lockbox access. The Westown Parkway branch will remain open to walk-in traffic and members are encouraged to use the Westown Parkway branch for any in-person services needed.