Individual Retirement Account (IRA)
Traditional and Roth IRA options
Share certificates and money market accounts available
APY bonus with Relationship Rewards1
BUILD YOUR RETIREMENT SAVINGS
An Individual Retirement Account (IRA) from LAPFCU helps you save for retirement with valuable tax advantages and competitive earnings.
Choose an IRA for every stage of your career. Start saving as you enter law enforcement. Build retirement income beyond your pension. Prepare for retirement or life after public service.
LAPFCU IRA accounts are available to all members, including family.
TRADITIONAL IRA: A traditional IRA offers tax-deferred growth and potential tax deductions on contributions. Withdrawals are usually taxed as ordinary income.
ROTH IRA: A ROTH IRA uses after-tax contributions and offers tax-free qualified withdrawals during retirement.
CHOOSE HOW YOU WANT TO SAVE
After selecting a Traditional or Roth IRA, choose how you want to invest your retirement savings.
IRA SHARE CERTIFICATES
Best for members who want a guaranteed rate of return for a set term.
- Competitive fixed dividend rates
- Relationship Rewards APY bonus
- $500 minimum opening deposit2
- Terms from 6 months to 5 years
IRA MONEY MARKET ACCOUNTS
Best for members who want easier access to their retirement savings.
- Competitive dividends
- More flexibility than a share certificate
- Easier access to retirement funds
- Traditional and Roth IRA options
IRA BENEFITS
- Contribute up to $7,500 annually ($8,600 if over age 50)3
- Receive valuable retirement savings tax advantages
- Penalty-free withdrawals available at age 59½, subject to IRS rules
- Personalized retirement guidance from an LAPFCU associate
- Available to members ages 18 and older
- Federally insured by the NCUA
- Additional insurance through American Share Insurance
Please consult your certified tax professional regarding your individual tax situation.
HOW TO OPEN AN IRA
OPEN WITH HELP FROM AN LAPFCU ASSOCIATE
- Visit any LAPFCU branch
- Call us at (877) 695-2732
- Chat with us securely via mobile or online banking
- Book a virtual appointment with an LAPFCU Associate
OPEN AN IRA BY MAIL
Complete the following forms below:
- Traditional or Roth IRA Application
- IRA Beneficiary Designation
- Traditional or Roth IRA Contribution and Investment Selection
Mail completed forms and supporting documents to:
LAPFCU
P.O. Box 10188
Van Nuys, CA 91406
Once we receive your application, we’ll guide you through funding your new retirement account.
Need help choosing an IRA? Our team will explain your options and answer your questions
Important Forms
- IRA - Beneficiary Designation
- IRA - Traditional IRA Application
- IRA - Traditional IRA Contribution and Investment Selection
- IRA - Traditional IRA Withdrawal Authorization
- IRA - Roth IRA Application
- IRA - Roth IRA Contribution and Investment Selection
- IRA - Roth IRA Withdrawal Authorization
- IRA - Required Minimum Distribution Scheduled Payment Election
Personalized Retirement Guidance
Get retirement planning, investment guidance, and financial strategies tailored to your goals through LAPFCU Investments & Retirement.
Learn More
IRA Money Market
Earn as much as
0.90%
*
Jumbo IRA Term Certificate
Earn as much as
3.65%
*
Super Jumbo IRA Term Certificate
Earn as much as
3.70%
*
Regular IRA Term Certificate
Earn as much as
3.60%
*
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LAPFCU is a full service financial services provider for sworn and civilian law enforcement professionals of federal, state, county, and city agencies and their family members in Southern California.