Skip to content
 

Traditional IRA Accounts

Do more for your future - starting today! More choices. More freedom. More leisure time. More fun. That's pretty much what we all want for the future. People First FCU is here to help you get there, by putting the full power of tax-deferred savings to work for you in a Traditional Individual Retirement Account (IRA).

You can start saving for retirement today with an IRA Share Account or an IRA Share Certificate. Set up an automatic transfer for any designated amount to an IRA Share Account and watch your money grow.

Traditional IRAs Offer

Independence, and can be opened and funded without any employer participation,

Immediate tax benefits, with contributions and/or earnings tax-deferred until retirement,

Accessibility, with assets always available (something not generally true of employer plans), and

Flexibility, because IRA owners choose their contribution amount (within limits), investments, and the financial organization.

Contribution Requirements

  • You or your spouse has earned income from employment.
  • You can make a catch-up contribution each year of $1,000 if you are age 50 or older.

Maximum Annual Contribution

Tax YearUnder age 50Age 50 and Older
2019$6,000$7,000
2020$6,000$7,000

Tax deferrals

You don't pay taxes on earnings or pre-taxed dollars in your IRA until you begin receiving distributions. The required beginning date to receive distributions is based upon your date of birth. If you were born before July 1st 1949, it is no later than April 1 following the year in which you reach 70 ½. If you were born on or after July 1st 1949, it is no later than April 1 following the year in which you reach 72.

Open an IRA Today!

Opening an IRA is quick and easy. Simply visit any one of our branches and a Member Service Representative will be happy to meet with you.

Tax Deductions

Consult your financial advisor, accountant or tax advisor for information.


For more information please view our Consumer Account Agreement.

See our Consumer Fee Schedule for associated fees.

Número de Ruta

El número de ruta y tránsito (ABA) de People First es: 231379115

Dirección de correo postal

2141 Downyflake Lane
Allentown, PA 18103

©2020 People First Federal Credit Union

La membresía está disponible para quienes viven, trabajan, profesan una religión o asisten a la escuela en los condados de Lehigh o Northampton.

Sobre nosotros

Click to Get Discounts on Love My Credit Union Rewards Products

En People First FCU estamos mejorando la accesibilidad y la facilidad de uso de nuestro sitio web para nuestros miembros actuales y los miembros potenciales. Nuestros esfuerzos se basan en los estándares de las pautas de accesibilidad al contenido web (WCAG) 2.1. Nuestra política es asegurar que las personas con discapacidad tengan todas y las mismas oportunidades de beneficiarse de nuestros servicios en nuestro sitio web y en otros servicios en línea. Si tiene preguntas o necesita ayuda con el contenido de nuestro sitio web o los servicios en línea, por favor contáctenos en staff@peoplefirstcu.org o llame a nuestro Centro de servicios para los miembros al 610.797.7440.

Equal Housing Lender
Equal Opportunity Lender
NCUA Logo

Sus ahorros están asegurados federalmente por al menos $250,000 por la National Credit Union Administration y respaldados por la confianza y el crédito del gobierno de los EE. UU.

Who's Who in Business - Lehigh Valley
Best of the Valley Logo
Reader's Choice - The Morning Call
Scroll To Top