Open a checking, savings, money market or other account with the CPS IBEW FCU and you’ll earn dividends on your funds. We offer a variety of account types so that you can choose those that best meet your needs.
We have another way to save for educational expenses and retirement. Open a Traditional, Roth, or Education IRA account today.
ROTH IRA
Earnings are tax-free
No age limit on contributions
59 ½ minimum distribution age
No required distribution at age 70 ½
Three IRS penalty-free withdrawal options, including first-time home purchase
TRADITIONAL IRA
Earnings are tax-free
Contributions may be tax deductible
Contributions are permitted up to age 70 ½
Penalty-free early withdrawal options for first-time home purchase and or college expenses
EDUCATIONAL IRA
Earnings are tax-free
The beneficiary must be under age 18 to receive contributions, and must make all withdrawals by age 30
Funds may be used for private schooling between grades 1-12, as well as higher education
