Retirement Savings

Prepare for retirement with a SVFCU Traditional or Roth IRA.

Already have an IRA?

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Choosing Between Traditional and Roth

There is no substitute for professional guidance. Please consult a qualified tax professional for more information, personalized to your own circumstances.

Click on the brochure below to see the difference between Traditional and Roth IRAs.

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There are no setup fees or annual fees assessed on IRAs at SVFCU.

Traditional IRA

Click on the brochure below to learn about Traditional IRAs.
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Roth IRA

Click on the brochure below to learn about Roth IRAs.
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Getting Started

To open an Individual Retirement Account, you will first complete an IRA application and designate beneficiaries. You can do this online by clicking the link below or by completing an application at one of our branches  There is no minimum initial deposit for your new IRA and no set-up fee. Your IRA, whether it is a Roth or Traditional, will be a new sub-account called an IRA Accumulation Account (the equivalent of Regular Shares, but where your Roth or Traditional IRA funds are kept separate for tax purposes.)

Once you have created the IRA, you can fund the account in several different ways:

  • Deposit funds from a qualified retirement plan by way of rollover or direct transfer (which you choose will depend on your circumstances)
  • Make periodic deposits over the counter, or
  • Establish ACH direct deposit or payroll deduction to make saving regularly convenient.

The funds in your IRA may remain in the IRA Accumulation suffix of your account, or to increase earnings, they can be moved to an IRA Certificate for terms ranging from six months to three years. The minimum balance for an IRA Certificate is $500. An Early Withdrawal penalty will apply if the funds are withdrawn during the term of a Certificate. To move IRA funds from your Roth Accumulation or Traditional IRA Accumulation account into a certificate, simply contact the office.

Your Retirement Savings at SVFCU are Insured

Your retirement savings accounts at Susquehanna Valley FCU are insured to at least $250,000 by the Federal Government through the National Credit Union Administration (NCUA), which receives the highest ranking from deposit insurance experts as the healthiest of the federal insurance funds.

Transfers, Rollovers and Conversions

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IRA Distributions

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Inherited IRAs

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