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IRA Certificates

Individual Retirement Accounts (IRAs)

The People’s Federal Credit Union offers IRAs to help members save for retirement or for education expenses.

We have three types of IRAs available:

  • Traditional IRAs
  • Roth IRAs
  • Coverdell Education Savings account IRAs to cover future education expenses such as tuition, books or uniforms.


We also offer an IRA CD with a 12 month term and a $10,000 minimum deposit that pays competitive quarterly dividends.

There are many regulations that apply to IRAs. For more information, contact member services.

We are not currently opening IRA CDs, please check back soon.

Term Dividend APY *
12 Months N/A N/A

(Paid Quarterly) $10,000 Minimum

Accounts insured up to $250,000 on members’ cumulative deposits in share-type accounts.
IRAs are separately insured for up to $250,000.

* All rates are quoted at the Annual Percentage Yield (APY)
Penalties: The People’s Federal Credit Union currently offers Share Certificates of varying lengths. If we consent to a request for a withdrawal that is otherwise not permitted, you may have to pay a penalty. The penalty will be the greater of $25 or loss of dividends, whether earned or not, on amounts withdrawn equal to dividends that would have accrued over 50% of the remaining term. When a non renewal Share Certificate is opened, federal law requires a minimum seven day penalty if the Share Certificate is withdrawn. If the account has not been open for at least seven days, the penalty must be taken from principle. We may waive or reduce this penalty in certain circumstances, such as death or incompetence of an owner. Other penalties may apply according to normal IRA rules, such as the premature distribution penalty tax or early withdrawal penalty.

Have Questions? Let's Talk

If you want to learn more about any of our products, services or becoming a TPFCU Member call us at 806-359-8571, visit a branch, or simply enter your email address below and we will contact you.

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