IRAs

Traditional IRA

Earnings are tax deferred until withdrawn.
Regular contributions may be tax deductible.
Contributions are subject to IRS limits.
Most traditional IRA distributions are subject to income taxes.
Distributions may be taken at any time and will be treated as regular income. (Non-qualified distributions may be subject to the 10% early withdrawal penalty).
Can be used to rollover your eligible employer-sponsored retirement plan.

Roth IRA

Earnings may be tax-free if the IRA is opened for five tax years and withdrawn for a qualified reason: Age 59 ½ , Disability, Death or first-time home purchase.
Contributions are subject to IRS limits.
No age limit for regular contributions.
Distributions may be taken at any time and are tax and penalty free for a qualified withdrawal. (non-qualified distributions may be subject to the 10% early withdrawal penalty).
Not required to take minimum distributions.
Can be used to rollover your 401(k) from a previous employer.

Coverdell IRA Education Savings

May be opened by a parent or guardian in the name of any child up to the age of 18.
Annual contributions of up to $2,000 per child, not deductible.
Withdrawal for qualified education expenses may be tax and penalty free.

CONTRIBUTION TYPES

REGULAR

A deposit into an IRA made by an owner meeting compensation, age and income qualifications for contributions.

TRANSFER

Money is being moved from one IRA to another IRA (same type) without the owner every having access to the funds.

ROLLOVER

Money from an IRA was paid to the owner and is now being moved to the same type IRA within 60 days of receipt. A rollover can be done once every 365 days.

DIRECT ROLLOVER

Money is being moved from an eligible employer-sponsored retirement plan to this IRA without the owned ever having access to the funds. It is best practice to consult with your employee plan administer and/or tax adviser before pursing this type of retirement account.

To learn more about Security First IRA’s please visit one of our branches or contact our Call Center at 956-661-4000.

For basic IRA account information, please click here.

Security First Credit Union also offers Term IRA Share Certificates. Learn more > >

*Best Contact Number:	*Preferred Appointment Date (yyyy-mm-dd format):	*Preferred Time:
*How can we be of assistance?	Additional information:

*First Name:	Middle Initial:	*Last Name:
*Primary Phone Number:	Alternate Phone Number:	*Email Address:
*Date of Birth (If using Internet Explorer use the following format YYYY-MM-DD):

Student ID Number:
School Name:
School Phone Number:
School Address:
Department or Office Attention to:

Primary Member
Full Name*:	Account Number*:
Email*:	Phone Number*:
Guest (Optional): Your Guest Must be a Member or a Joint Account Holder to attend.
*Full Name:**
Email*:	Phone Number*:

*Best Contact Number:	*Preferred Appointment Date (yyyy-mm-dd format):	*Preferred Time:
*How can we be of assistance?	Additional information:

IRAs

Traditional IRA

Roth IRA

Coverdell IRA Education Savings

CONTRIBUTION TYPES

REGULAR

TRANSFER

ROLLOVER

DIRECT ROLLOVER

You are now leaving https://www.securityfirstcu.com

Account Information

Applicant Information

Permanent Address

Education

School address

Extra Curricular Activities

Community Involvement

Honors and Awards

Work History - Paid or Volunteer

Extenuating Circumstance (optional)

File Uploads

Information for Funding

Certification

Applicant Signature:
Parent/Legal Guardian Signature(if applicant is under age 18) :