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IRAs

Traditional IRA

Save safely for your future. IRA accounts may give you a tax break while you're working, as annual contributions may be tax-deductible (check with your tax advisor).  You'll pay taxes on withdrawals at retirement when you're likely to be in a lower tax bracket. 

Roth IRA

Earnings are tax-free if the account is open for five tax years and withdrawn for a qualified reason. 

  • Contributions are not tax-deductible
  • Regular contributions can be withdrawn tax and penalty-free at any time
  • Not required to start withdrawals at age 70
  • Higher limit applies if age 50 or older

How to Open an IRA

You can open an IRA in person by visiting our branch at 11718 Ramona, Blvd., El Monte CA 91732. You may also open an account by fax or mail. Call us at (626) 444-0501 to receive an application.

Mail your completed application to:

El Monte Community Credit Union
11718 Ramona Blvd.
El Monte, CA 91732

Or fax your completed application to (626) 444-6961.

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By members choice, El Monte Community Credit Union is privately insured by American Share Insurance up to $250,000 per account.  This institution is not federally insured and if the institution fails, the Federal Government does not guarantee that depositors will get back their money.  Accounts with this institution are not insured by any state government.