IRA Accounts

IRA ACCOUNTS

Planning for your retirement is vital to securing a solid financial future for you and your family. The time to start planning is now, and Gulf Credit Union offers you a number of great IRA options to suit your specific retirement needs.

We offer both IRA Club Accounts (minimum balance $100) and IRA Certificates of Deposit (minimum balance $500). Interest is compounded and paid on a quarterly basis on IRA Club Accounts and paid monthly on IRA Certificates. In addition, we offer investments that include Traditional and Roth IRAs.

Types of IRA Accounts

Traditional IRA

  • Tax-deferred until withdrawal
  • Contributions may be tax-deductible
  • Subject to mandatory distributions

ROTH IRA

  • Not tax-deductible.
  • Certain withdrawals are tax-free after a five-year holding period.
  • Not subject to mandatory distribution.

Additional Information

Traditional and Roth IRAs

Traditional IRAs

Roth IRAs

Transfers, Rollovers, and Conversions

Inherited IRAs