Individual Retirement Accounts (IRA)


Individual Retirement Account Certificates

Retirement certificates are available that qualify for special tax treatment. The Credit Union pays higher rates on the dollars you set aside for retirement in your IRA certificate. Ask our staff for more detailed information on IRAs.

Roth IRA

Click here for our IRA Rates

  • Contributions are not tax deductible. Qualified withdrawals are tax-free.
  • Earnings grow tax-deferred.
  • Withdraw contributions tax-free any time. Withdraw interest earned free of any IRS penalties after five years to buy a first home or for any purpose after the age 59 1/2.
  • Contributions can be made after age 70 1/2.
  • Unlike Traditional IRAs, distributions are not required at age 70 1/2.
  • Transfer funds from existing Traditional IRAs to a new Conversion Roth IRA (subject to taxation).
  • This is a fixed rate option.

Traditional IRA

  • Contributions may be tax deductible. Qualified withdrawals are taxable income.
  • Contributions to a Traditional IRA may be fully or partially deductible depending on your income level and whether or not you are considered an active participant in an employer-sponsored plan.
  • Earnings are tax deferred until withdrawn.
  • Withdrawals before age 59 1/2 may be made without penalty to help finance a higher education or your first home.
  • Required Minimum Distributions at age 70 ½.
  • Choose fixed or variable rate options.
IRA Contribution
Limits Per Year
Age 50 & Below Age 50 & Above
2015 $5,500 $6,500
2016 $5,500 $6,500
2017 $5,500




Nuvista Federal Credit Union | Copyright © 2014
Powered by SmartSource Solutions, LLC

equal housing lenderNCUA logo



2711 Commercial Way, Montrose, CO 81401
Phone: (970) 249-8813 or (888) 261-7488
Fax: (970) 249-8895

Close footer