Retirement Accounts

We offer Traditional and Roth Individual Retirement Accounts (IRAs). IRAs are a great way to ensure a more secure retirement for yourself and your family. Our IRAs are offered in the form of Certificates of Deposit.

IRA Comparison


Traditional IRA

Roth IRA

Eligibility Age

You must be under age 70½ to contribute to a traditional IRA

You can contribute to a Roth IRA at any age

Early Withdrawals

Unless an exception applies, withdrawals before age 59 ½ may be subject to a 10% penalty

Unless an exception applies, non-qualified withdrawals may be subject to taxation of earnings and a 10% additional tax

Required Minimum Distributions (RMDs)

RMDs starting at age 70½

No RMDs during lifetime of original owner

Contribution Deadline

Generally, April 15th of the following year for any given tax year

Generally, April 15th of the following year for any given tax year

Looking for more?

See a Union Federal Customer Service Representative for more details.

Contact Us

Health Savings Accounts

Union Federal offers a Health Savings Account (HSA) to anyone who has a High Deductible Health Plan (HDHP), and no other health insurance. Please consult your health plan administrator to verify that your health plan is a qualified HDHP.




Checking Account for Medical Expenses

Minimum to Open


Interest Bearing


Monthly Fee


Minimum Balance


Fee if below Minimum Balance


Other Benefits

Contributions may be tax deductible

* Interest rate tiered by balance


Where People Are Important

Where People Are Important!

Give us a call or stop by any of our convenient locations. 

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