IRA stands for Individual Retirement Account. It is a great long-term savings vehicle that you can use to prepare for your eventual retirement. There are two different types of IRAs--the Roth and the Traditional. You can deposit a stipulated amount each year, and you may be able to realize tax advantages*. For example, money in an IRA grows tax-free.

You may also use an IRA to roll over a retirement plan from a former employer. Our knowledgeable staff will be more than happy to walk you through the process.

At DFCU Financial, funds in any one of our IRA savings account and/or IRA certificates are insured to $250,000 by the National Credit Union Administration (NCUA), a U.S. government agency.

Compare a Roth IRA to a Traditional IRA or learn about funding your IRA.

*Consult your tax advisor. This is for informational purposes only, and it is not intended to be tax, legal or other professional advice.