Neighborhood Credit Union

Individual Retirement Account (IRA)

You can open an IRA for as little as $100, with flexible plans that give you the power to choose how and when you save. The following Neighborhood Credit Union accounts are covered up to $250,000 by the NCUA. Our IRA options include:

Traditional IRA

Penalty-free withdrawals before age 59 for first-time home purchases or to pay for qualified higher education expenses. Contributions are tax deductible if you are single, or married and neither spouse is an active participant in a qualified retirement plan, regardless of income. If either of you are an active participant, you may deduct contributions only if your income is below certain limits.

Roth IRA

Earnings grow tax-free on after-tax contributions, and can be withdrawn penalty-free for a first-time home purchase, higher education expense, medical expenses, in the event of your death or permanent disability, or if you are at least 59 ½ years of age.


Each type of IRA can be deposited to a share savings account or certificate.

Open Now

If you are interested in opening an IRA, please contact Neighborhood Credit Union directly at 800.321.3728 or 214.748.9393 or stop by the branch closest to you.

Check IRA rates
Savings Calculator

*See tax adviser for information.