POCU offers both traditional IRA and Roth IRA options.

Feature IRA Savings Account IRA Term Share Account
Minimum Deposit to Open $5 $500
Fixed or Variable Rate Variable Fixed
Minimum Balance to Earn Dividends/Interest $50 $500
Balance Computation Method Average Daily Balance Daily Balance
Additional Deposits Allowed Not Allowed
Dividend/Interest Withdrawal Allowed At Maturity Without Penalty

Account Features & Benefits:

  • Direct deposit allows smaller amount deposits into an IRA Passbook Account, and you’ll be able to make a large lump sum transfer into a fixed rate IRA investment at the end of year

  • If you are receiving a lump-sum distribution from a qualified retirement plan, you can deposit the funds into an IRA Rollover Account. This will allow you to maintain the tax-sheltered status of your company’s retirement/savings plan

  • Variable rate dividends paid on account balances of $50

  • Fixed rate IRAs are available in popular term lengths, subject to IRA regulations

  • Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government, through the National Credit Union Administration (NCUA), a U.S. government agency

For details, see our IRA disclosures and current IRA Savings and Certificate rates

Our comprehensive POCU Truth in Savings Disclosure 2014 is available for your convenience and review.