Build Your Retirement on Your Terms
If you’re a U.S. citizen or legal resident with a Social Security Number, our Traditional IRAs and IRA Share Certificates offer flexible and federally insured ways to grow your savings with tax advantages—whether you’re just getting started or building on what you already have.
Secure Your Future with Smart Retirement Savings
Retirement is more than a distant goal — it’s the future you’ve worked hard to build.Our Individual Retirement Accounts (IRAs) give you the tools to plan ahead with confidence.
Traditional IRAs let your savings grow tax-deferred until withdrawal², while our IRA Share Certificates combine the benefits of a Traditional IRA with the security of a fixed term and a competitive fixed dividend rate. Whether you’re just getting started or strengthening an established nest egg, your funds are federally insured by the NCUA up to $250,0001 — and your account is designed to fit the way you want to retire.
IRAs are also a smart destination for rollover funds from employer-sponsored plans like 401(k)s. A rollover can simplify your savings, preserve tax advantages, and give you more flexibility in how you invest — and may help avoid IRS taxes or penalties when completed according to IRS rules2.Remember: Direct rollovers, where the funds move from your 401(k) provider straight to your IRA custodian, can also help you avoid mandatory tax withholding2.
If you want additional guidance beyond savings and certificates, you can access investment services3 through a trusted third-party provider to explore more ways to diversify your retirement strategy. Keep in mind that IRAs are available to U.S. citizens or legal residents with a valid Social Security Number. For personalized tax advice, please consult your tax professional2.
Traditional IRA
Plan Your Future, One Step at a Time
A Traditional IRA lets you save for retirement with tax advantages that help your money grow faster. Contributions may be tax-deductible, and earnings grow tax-deferred until withdrawal. Whether you’re just starting or adding to your nest egg, this flexible account puts you in control of your future.2-
Open and fund your IRA independently—no employer needed.
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Contributions grow tax-deferred until you withdraw.2
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Eligible contributions may be deductible—check with your tax advisor.2
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No annual contribution requirement—save at your own pace.
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Federally insured by the NCUA up to $250,0001 for peace of mind.
IRA Share Certificate
Grow Your Retirement Savings with Confidence
Our IRA Share Certificate combines the security of a fixed-term certificate with the long-term benefits of a Traditional IRA. Lock in a fixed dividend rate for a 36-month term and watch your retirement savings grow steadily over time. It’s ideal if you want predictable earnings and a guaranteed rate for the full term.4-
Members must have an active Traditional IRA to open an IRA Share Certificate.
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Funds in the IRA Share Certificate must remain within the IRA—they cannot be withdrawn and placed into a regular savings account.
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Fixed 36-month term with a guaranteed dividend rate and daily compounding, so your savings grow steadily.
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Early withdrawal penalties apply—plan ahead to maximize returns.4
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Federally insured by the NCUA up to $250,000 for IRA accounts.1
Ready to start building your retirement savings?
FAQs
We offer Traditional IRAs—including traditional IRA Share Certificates—designed to fit different retirement goals and income situations.
IRAs are available only to U.S. citizens or legal residents with valid Social Security Numbers.
Contributions may be tax-deductible, and earnings grow tax-deferred until withdrawal. Because tax rules can change and vary by situation, we recommend consulting your tax advisor for guidance.2
There is no minimum to open an IRA. Annual contribution limits are set by the IRS and vary based on your age. Contributions are optional each year, but yearly maximums still apply. IRS rules and limits may change, so please check with your tax advisor for your specific contribution limits.2
Withdrawals before age 59½ may be subject to IRS taxes and penalties. Certain exceptions may apply depending on your situation, so we recommend consulting your tax advisor for guidance2. If your IRA is held in a Share Certificate, additional early-withdrawal penalties may apply as described in your Truth-in-Savings disclosures4.
You can fund your IRA by transferring money from your OAS FCU accounts, external accounts via ACH, or by setting up payroll deductions5 for steady, automatic savings.
Yes. All IRA funds are federally insured by the NCUA for IRA accounts up to $250,000.1
If you name a beneficiary, your IRA passes directly to them. You can also name a contingent beneficiary as a backup. Without a beneficiary, the account passes to your estate. Distributions to beneficiaries are subject to IRS rules.2
No. IRS rules prohibit borrowing from or using an IRA as loan collateral.
No, OAS FCU currently offers only Traditional IRAs and Traditional IRA Certificates.
However, you can open a Roth IRA through our partner Cetera3.Schedule a free consultation to understand how tax-advantaged strategies—like paying taxes upfront in a Roth IRA—may fit your long-term retirement goals.2,3
Yes — rolling over your 401(k) into an IRA is a smart way to consolidate your retirement savings, preserve tax advantages, and access more investment options.
A direct rollover, where funds move directly from your 401(k) provider to your IRA, is usually the best option because it helps you avoid mandatory tax withholding and potential IRS penalties.2
Contact us and we’ll guide you through the process.
Disclosures
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IRA deposits at OAS FCU are federally insured by the National Credit Union Administration (NCUA) up to $250,000, separate from coverage for other non-IRA accounts you hold at OAS FCU.
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OAS FCU does not provide tax, legal, accounting, or investment advice. Any tax advantages, contribution limits, rollover eligibility, required minimum distributions, and early-withdrawal penalties are determined by the Internal Revenue Code and applicable IRS guidance, and may change over time. Your personal situation may differ. Please consult a qualified tax or legal professional for advice specific to your circumstances before making contributions, rollovers, withdrawals, or beneficiary decisions.
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Investment and insurance products offered through Cetera or other third-party providers are not NCUA insured, are not deposits or obligations of OAS FCU, are not guaranteed by OAS FCU, and are subject to investment risks, including possible loss of the principal invested. Cetera is a separate, registered broker-dealer and investment adviser, and is not owned by OAS FCU. Products and services offered through Cetera are subject to their own terms, conditions, and privacy policies.
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Early withdrawals from IRA Share Certificates may be subject to credit union-imposed penalties. These penalties may reduce earnings and, in some cases, may result in loss of principal. Early withdrawals may also be subject to IRS income taxes and additional tax penalties, depending on your age and circumstances. See your IRA Share Certificate and Truth in Savings disclosures for full details.
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Payroll deduction and direct deposit options depend on your employer’s payroll capabilities and may not be available in all cases. Check with your employer to confirm eligibility and setup options.