Individual Retirement Accounts
CCCU is ready to help you save for retirement with an Individual Retirement Account (IRA) that fits your needs.
Traditional IRA
We offer a Traditional IRA to help you save for retirement with tax-deferred growth on your contributions.
Roth IRA
Our Roth IRA allows you to contribute after-tax dollars, enabling your earnings to grow tax-free.
Compare Accounts
Traditional IRA |
Roth IRA |
|
|---|---|---|
| Contributions | May allow Pre– or after-tax dollars | Allows you to contribute after-tax dollars |
| Tax Contributions Grow | Tax - deferred | Tax - free |
| Contribution Eligibility | Anyone with earned income | Those who earned below a certain level |
| Max Contributions for 2025 | $7,000 ($8,000 if over age 50) | $7,000 ($8,000 if over age 50) |
| Deadline for Contributions | The tax return filing deadline (not including extensions). For example, you can make 2024 IRA contributions until April 15, 2025. | The tax return filing deadline (not including extensions). For example, you can make 2024 IRA contributions until April 15, 2025. |
| Required Minimum Distribution (RMD) | After age 73 | None |
| Withdrawal Penalties* | Penalty-free income if over age 59 1/2 | Penalty and tax-free after 5 years and age 59 1/2 |
| Contributions | May allow Pre– or after-tax dollars |
|---|---|
| Tax Contributions Grow | Tax - deferred |
| Contribution Eligibility | Anyone with earned income |
| Max Contributions for 2025 | $7,000 ($8,000 if over age 50) |
| Deadline for Contributions | The tax return filing deadline (not including extensions). For example, you can make 2024 IRA contributions until April 15, 2025. |
| Required Minimum Distribution (RMD) | After age 73 |
| Withdrawal Penalties* | Penalty-free income if over age 59 1/2 |
| Contributions | Allows you to contribute after-tax dollars |
|---|---|
| Tax Contributions Grow | Tax - free |
| Contribution Eligibility | Those who earned below a certain level |
| Max Contributions for 2025 | $7,000 ($8,000 if over age 50) |
| Deadline for Contributions | The tax return filing deadline (not including extensions). For example, you can make 2024 IRA contributions until April 15, 2025. |
| Required Minimum Distribution (RMD) | None |
| Withdrawal Penalties* | Penalty and tax-free after 5 years and age 59 1/2 |
How does your IRA earn interest?
Traditional and Roth IRA- Variable Rate
The interest rate and Annual Percentage Yield (APY) on the IRA can change at any time without notice as determined by the Board of Directors of Clark County Credit Union.
IRA Certificates – Fixed Rate
With IRA certificates, you get the tax benefits of an IRA and the security of a CD. Supplement your retirement savings efforts with our IRA Certificates, which offer reliable and competitive fixed rates.
Account Limitations
Traditional IRAs
There are limitations to the amount a member can contribute annually to their Traditional IRA based on IRS Guidelines. The deadline for making any previous year contributions is April 15th. Owners must be age 59 ½ or meet the qualified distribution guidelines to make a withdrawal without penalty.
Roth IRAs
There are limitations to the amount a member can contribute annually to their Roth IRA based on IRS Guidelines. The deadline for making any previous year contributions is April 15th. Owners must be age 59 ½ or meet the qualified distribution guidelines and the account must be open five (5) years to make a withdrawal without penalty.
How does your IRA earn interest?
Traditional and Roth IRA- Variable Rate
The interest rate and Annual Percentage Yield (APY) on the IRA can change at any time without notice as determined by the Board of Directors of Clark County Credit Union.
IRA Certificates – Fixed Rate
With IRA certificates, you get the tax benefits of an IRA and the security of a CD. Supplement your retirement savings efforts with our IRA Certificates, which offer reliable and competitive fixed rates.
Account Limitations
Traditional IRAs
There are limitations to the amount a member can contribute annually to their Traditional IRA based on IRS Guidelines. The deadline for making any previous year contributions is April 15th. Owners must be age 59 ½ or meet the qualified distribution guidelines to make a withdrawal without penalty.
Roth IRAs
There are limitations to the amount a member can contribute annually to their Roth IRA based on IRS Guidelines. The deadline for making any previous year contributions is April 15th. Owners must be age 59 ½ or meet the qualified distribution guidelines and the account must be open five (5) years to make a withdrawal without penalty.
Additional Resources
WITHHOLDING NOTICE: Payments from your IRA are subject to federal income tax withholding unless you elect no withholding. You may change your withholding election at any time prior to your receipt of a payment. To change your withholding election, complete the proper form, available from the credit union. Withholding from IRA payments, when combined with other withholding, may relieve you from payment of estimated income taxes. However, your withholding election does not affect the amount of income tax you pay. You may incur penalties under the estimated tax rules if your withholding and estimated tax payments are insufficient.
IMPORTANT REMINDER (FORM 2317): Payments from your IRA are subject to federal income tax withholding, unless you elect no withholding. You may change your withholding election at any time prior to your receipt of a payment. To change your withholding election, complete the appropriate form provided by your credit union.
Withholding from IRA payments, when combined with other withholding, MAY relieve you from payment of estimated income taxes. However, your withholding election does not affect the amount of income tax you pay. You may incur penalties under the estimated tax rules if your withholding and estimated tax payments are insufficient.
If the IRA account balance drops below the required $100.00 the Credit Union will close the account by mailing a check for the remaining balance to the address of record.
Contact Us
Clark County Credit Union
PO Box 36490
Las Vegas, NV 89133-6490
© 2025 Clark County Credit Union. All Rights Reserved.
Each account insured up to $250,000. By members’ choice, this institution is not federally insured.
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