Individual Retirement Accounts | Atlantic Federal Credit Union
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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. 

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 908-245-1750 for more information and IRA applications.


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

Differences between Traditional and Roth IRAs


  • Open to members under 70½
  • Contributions may be tax-deductible*
  • Penalty-free withdrawals may begin at age 59½
  • Mandatory withdrawals at age 72
  • Early withdrawals subject to penalty**

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


  • 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  • Principal contributions may be withdrawn anytime at any age without taxes or penalties.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.