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Individual Retirement Accounts (IRA)

There's no better time than the present to save for the future. Contributing to an IRA is a good idea for anyone hoping for a worry-free retirement.  For a limited time, check out our IRA Special!

We offer three types of IRA Certificates that earn above-market dividend rates:

  1. Traditional IRAs - Terms from 6 months to five years; $500 minimum.
  2. Roth IRAs - Terms from 6 months to five years; $500 minimum.
  3. Basic IRAs - A totally liquid account with no minimum balance and no term requirements. This is a great account to begin saving for retirement without making a large investment. Move the funds any time into other IRA investments with no fees or penalties.

Please call us at 1-800-222-1329 for more information and IRA applications.

Features

  • Tax-advantaged way to save money for retirement
  • Earn higher interest than regular savings
  • No setup or maintenance fees
  • See our current rates

Differences between Traditional and Roth IRAs

Traditional

  • Open to members under 70½
  • Contributions may be tax-deductible*
  • Penalty-free withdrawals may begin at age 59½
  • Mandatory withdrawals at age 70½
  • Early withdrawals subject to penalty**

*Consult your tax advisor.
**Certain exceptions apply, such as healthcare, buying your first home, etc.

Roth

  • Click here for Roth IRA contribution limits
  • Contributions are not tax-deductible
  • Withdrawals are 100% tax-free if the Roth IRA is at least five years old and you are at least 59½ years old.
  • Principal contributions may be withdrawn anytime at any age without taxes or penalties.
  • Tax-free withdrawals can be made when under age 59½ if the Roth IRA has been open for five years or more and you use it (up to a $10,000 lifetime maximum) for a first-time home purchase or to pay unreimbursed medical expenses or health insurance if you are unemployed.* 
  • No mandatory distribution age

*Consult your tax advisor.

  • Member Services representative at the Kenilworth branch, Tammy, is amazing. She is knowledgeable, helpful, and most important to me: extremely courteous. Tammy deserves a huge shout-out!
    Leta
  • Always a great experience with the employees. The tellers always offer help or suggestions. Ginny, Nara, and Donna are awesome!
    Ivy
  • I want to thank you, Adam for all your work with my loan app. You have been such a blessing to me. You are an asset to the Credit Union.

    Viola
  • The best Credit Union I ever used!
    Eugene
  • What a great Credit Union…even before I was a member I felt welcomed. I love the customer service, your mobile app and your services.  Keep up the excellent work, you have me as a member for life.
    Kirkston
  • I've been with Atlantic Federal for more than 20 years. Great customer service  and I love the Holiday and Vacation Clubs.
    Wanda
  • Thank you! Great customer service, great products! I left the “big” banks; now Atlantic Federal is my primary bank.
    Ty
  • I’ve been an Atlantic Federal member for years!  I'm very satisfied with the service.
    Nelly
  • I’ve been a member of MY CREDIT UNION since 2001.  I wouldn’t EVER go anywhere else.  Atlantic Federal is my family.  There are too many pleasant and courteous staff members to try to name!
    Chamecca
  • Very good place to bank at – loans have very low interest and the Atlantic Federal staff is so easy to deal with. Great service!
    LaQuan
  • My experience with Atlantic Federal has been exceptional!  I have told anyone who will listen how great the Credit Union's service is.

    Halima
  • Working with you guys was basically a complete 180 from working with the last bank…so thank you again and we will absolutely be recommending you to all of our friends who are looking for mortgages.

    Heather
  • Yvana has been my go to person at the Credit Union for many years.  I know that whenever I have an issue I can always call on her at any time and she won't hesitate to help me out. Recently, my debit card was compromised and I noticed it after business hours so I wasn't sure of the proper protocol.  I called Yvana, she walked me through the entire process and I came in the next morning to resolve the issue with Eileen, who was also a great help.  The Credit Union is lucky to have such dedicated employees.

    Justin
  • I was worried about how I was going to fund some of my daughter's college tuition. Well thank goodness for Ms. Magaly. She told me to sit down, relax and explain my needs. I was truly expecting to be denied once again like at one of those banks that I've dealt with in the past.  Then she said "We have a loan that fits your needs and you qualify!"  All my worries suddenly went away. I can say that she definitely puts the members first.

    Nathaniel
  • I made it to the Kenilworth branch just before the 5 pm closing.  Even though it was late, Roberto patiently processed my loan – I’m sure on his own time. Then there’s Karina, who is so helpful and always has a smile. If I had a company, these people would be working for me!  You’re lucky to have staff members of this caliber!

    Ed
  • I am writing today to commend Lynn and express my gratitude for the high quality customer service she always provides whenever I call the Credit Union.  She is professional, courteous and patient.  I can feel her smile each and every time we talk on the phone.

    Elissa
  • I recently had an emergency and needed a Home Equity loan quickly.  My initial contact was with Aida and the loan was finalized by Sabrina.  This was a very stressful time for me and both of these women were professional, patient, knowledgeable and considerate. They answered all of my questions, explained the various options as well as the process.  They are an asset to the Credit Union.

    Sandra