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Plan Ahead for Retirement

Whether it’s years away or just around the corner, we are here to help you reach your retirement destination with several IRA Share Certificate options. Choose from a Traditional IRA to grow your retirement savings tax deferred or a Roth IRA to save for retirement with post-tax money.* We have great options to suit your needs today and tomorrow.

Included With All IRA Share Certificates

Earn Dividends to Help Meet Your Savings Goals

Online IRA Central Resource

Tax-Advantaged Options*

IRA Share Savings

Work toward your retirement steadily over time with our flexible IRA Share Savings.

  • $25 opens the account
  • No term deposit requirements

IRA Share Certificate

Choose either a Traditional or Roth IRA to earn the dividends you deserve. Rest easy knowing your money is federally insured up to $250,000, including an additional $250,000 in coverage with Excess Share Insurance — all at no cost to you. Need to transfer funds from another account? We can help you do that.

  • $1,000 minimum deposit
  • Choose between terms from 12 to 60 months

Coverdell Education Savings Account (ESA)

Saving early for your child’s education expenses is easy with a Coverdell Education Savings Account (ESA). An ESA can be established for a child up to age 18, the sooner you start saving for your child’s education, the more time your money has to grow. The ESA allows anyone to make contributions towards the child’s education

  • Total contributions are limited to $2,000 a year per child, including accounts opened for that child by other family members, such as grandparents or other family members
  • Funds in the ESA account grow tax-deferred and are tax-free when withdrawn for educational expenses, including college education expenses
  • All funds must be withdrawn by age 30 or can be transferred to another eligible child in the family

Thinking of saving for retirement? Transportation FCU Retirement Central® gives you practical ideas you can apply today to help you achieve financial security in retirement tomorrow. This free service includes planning tools and advice based on your life stages, as well as the option to open and contribute to an IRA account and transfer other IRAs to your membership at Transportation FCU.

  • 24/7 Access to educational resources
  • Online planning tools and calculators
  • Investment options
  • Change beneficiary designation

Disclaimer: This content is intended to provide general information and shouldn’t be considered legal, tax or financial advice. It’s always a good idea to consult a tax or financial advisor for specific information on how certain laws apply to your situation and about your individual financial situation.

We designed our packaged service accounts to fit your lifestyle and to reward your relationship with us. Qualified members receive loan discounts and price breaks based on their relationship with us.

Express Membership*

Any combined share savings deposit of $1,000 qualifies you to receive this long list of free and reduced-cost services. All savings, club, checking, money market, share certificate, and IRA account balances qualify.

You can avoid some service charges for normal financial transactions as an Express Account user. In fact, you could save money every month that you’re enrolled.

  • Free Foreign ATM transactions (A fee may be imposed by the owner of the ATM.)
  • Optional interest-bearing checking accounts
  • Pre-approved VISA credit card with no annual fee* (upon request)
  • No maintenance fee on Individual Retirement (IRA) accounts. Fees may reduce earnings

Concorde Membership**

Concorde members earn a higher level of free and reduced-cost service benefits each month. You simply maintain combined savings and/or loan balances of $10,000. All savings, club, checking, money market, share certificate, and IRA balances, as well as all consumer and mortgage loan balances (except Visa credit card) qualify toward the $10,000 minimum balance.

You could save money all year long as a Concorde member with these additional benefits. You automatically receive all Express benefits, plus the following:

  • Two free boxes of Transportation FCU design checks per year.
  • Pre-approved overdraft protection (upon your request)
  • Two free official checks per month made payable to a third party
  • Five free money orders per month.
  • Rate discount – 0.25% Annual Percentage Rate (APR) discount on regular rates for personal and vehicle loans

Premier50 Membership***

This account is exclusively for members age 50 and over. You have two options to qualify for Premiere50 benefits: either maintain combined savings and/or loan balances of $20,000 (except Visa credit card) or use direct deposit and maintain combined savings and/or loan balances of $15,000. Premiere50 provides Express and Concorde level benefits, plus even more savings.

  • One-time, paid AARP annual membership
  • Five free money orders per month
  • Two free official checks per month
  • Rate discount 0.50% Annual Percentage Rate (APR) discount on regular rates for personal and vehicle loans

*Fees may reduce earnings.  Any month your combined deposit balance falls below the required $1,000 minimum, you pay a modest $7 maintenance fee for Express Account benefits. Based on creditworthiness. Some members may be approved for our secured VISA card.

**Fees may reduce earnings. Any month your combined deposit balance falls below the required $10,000 minimum, you pay a modest $10 maintenance fee for Concorde Account benefits. Based on creditworthiness. Some members may be approved for our secured VISA card.

***Fees may reduce earnings. Any month your combined deposit balance falls below the required $15,000 with direct deposit or $20,000 stand-alone minimum, you will pay a modest $15 maintenance fee for Premiere50 Account benefits. Based on creditworthiness. Some members may be approved for our secured VISA card.

Transportation Federal Credit Union has constantly provided me with outstanding financial services, and more importantly, great customer service support.

*This content is intended to provide general information and shouldn’t be considered legal, tax or financial advice. It’s always a good idea to consult a tax or financial advisor for specific information on how certain laws apply to your situation and about your individual financial situation.