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Savings
Individual Retirement Accounts (IRAs)

Individual Retirement Accounts (IRAs)

Save for your retirement with an individual retirement accumulation account or IRA CD from Arsenal. If you are younger than age 70½ with earned income, you can open an IRA even if you have an employer-sponsored retirement plan. With our traditional IRAs:

  • Your savings are federally insured by the National Credit Union Administration (NCUA), a U.S. Government agency.
  • No minimum contribution is required.
  • You can make your contributions at any time (before age 70½).
  • For the 2014 and 2015 tax years, the maximum contribution is $5,500 each year. For those age 50 or older, the maximum contribution is $6,500 each year.
  • There are no service fees.
  • You may transfer or rollover funds from other retirement plans.
  • There is a no minimum balance requirement to earn interest for the IRA accumulation account.
  • There is a $500 minimum requirement to open an IRA CD (the same as our other CDs).
  • There may be penalties for withdrawing before age 59½.

Arsenal Credit Union offers traditional IRAs. For other types of IRAs, contact the MEMBERS Financial Services Representative serving the members of Arsenal Credit Union.

Determine whether a traditional or Roth IRA is right for you with our IRA calculator.

Helpful resources

Your savings are federally insured by the National Credit Union Administration (NCUA) to at least $250,000. Learn how your Arsenal accounts are protected. Have more questions? Call the NCUA Insurance Call Center at 1.800.755.1030, ext. 1, Mon.-Fri. 7 a.m.-5:30 p.m. CST, or use the share insurance estimator to calculate your coverage.

Truth-in-Savings Disclosure

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3780 Vogel Road; Arnold, MO 63010|
314.962.6363 and 1.800.719.6363|
arsenalcu@arsenalcu.org