individual retirement accounts (IRAs)

An Individual Retirement Account (IRA) is a type of savings account that is designed to help you save for retirement and offers many tax advantages. BlueOx Credit Union offers several options from which you can choose to best fit your needs while enjoying piece of mind knowing your savings are protected by the NCUA for up to $250,000.

  • Traditional IRA — Offers tax-deferred earnings and the possibility for tax-deductible contributions. These tax advantages make the Traditional IRA a powerful tool in creating a balanced, long-term savings plan.
  • Roth IRA — Qualified distributions are tax-free, flexible withdrawal options are available, and the amount you can contribute is increasing.
  • IRA Certificate of Deposit Account — With an IRA Certificate Account you get the tax advantages of an IRA Account with the added benefit of higher returns of a Certificate Account.

To open an account, stop by any of our branches or call a Member Service Advisor at (800) 648-8035.

*The Internal Revenue Code may impose a penalty on withdrawals of taxable amounts before you reach age 59 ½. Consult with an investment advisor or tax advisor for additional guidance on which type of IRA may best fit your needs.

Go to main navigation