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PHONE: 215-934-3500 or 800-832-PFCU

ABA Routing # 236084298

Traditional IRA

Saving for retirement has never been easier.

A traditional IRA is the most basic of retirement plans. It provides an easy and effective way for you to put money aside for your future, while offering tax benefits today.

Traditional IRA Benefits

  • Independence. They can be opened and funded without any employer participation.
  • Immediate tax benefits. Contributions may be tax-deductible,* and earnings are tax-deferred until retirement. See your tax advisor for details.
  • Accessibility. Funds are always available, something not generally true of employer plans.
  • Flexibility. There is no minimum contribution in any year.

Traditional IRA Facts

  • You must be less than 72 years old and have received compensation to qualify for making an IRA contribution.
  • You are automatically eligible for a tax deduction if neither you, nor your spouse, are covered by an employer-sponsored retirement plan and your Modified Adjusted Gross Income (MAGI) is under IRS limits.
  • When you take distributions, both your deductible contributions and earnings will be taxed at your regular income tax rate.

Is a Traditional IRA right for you?

Open a Traditional IRA

Refer your Friends
National Association of Federal Credit Unions 
PFCU is a proud member of the National Association of Federal Credit Unions
National Credit Union Administration 
Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government Agency.
Excess Share Insurance Corporation 
Additional insurance of up to $250,000 on your savings accounts is provided by Excess Share Insurance Corporation, a licensed insurance company.
Equal Housing Lender 
We do Business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.

We provide links to external websites for your convenience. Philadelphia Federal Credit Union does not endorse and is not responsible for their content, links, privacy or securities policies.

Please note that the amount of money contained in your investment accounts are considered non-deposit products and therefore, are not NCUA insured, not credit union guaranteed, may lose value, are not guaranteed by any government agency. Since they are not a deposit of the Philadelphia Federal Credit Union, investment accounts do not qualify for Excess Share Insurance (ESI). Securities, Financial Planning and Insurance products are offered through LPL Financial, and its affiliates, Member FINRA, SIPC. LPL Financial and Philadelphia Federal Credit Union are independent entities.