Winston-Salem Federal Credit Union
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IRAs

Savings Accounts With Your Future In Mind!

A Winston-Salem Federal Credit Union Individual Retirement Account (IRA) is a special type of account that permits members to save money during their employment years to cover expenses after retirement and to help with their children's education. The Credit Union offers three IRA products: The Traditional IRA, the Roth IRA and the Education IRA. Consult with your tax advisor on your eligibility to contribute to various IRA’s.

IRA Application

TRADITIONAL IRA

Enjoy tax deductible contributions and years of tax deferred growth.
Taxes are deferred until earnings are withdrawn.

ROTH IRA

Contribute after taxes and enjoy tax free withdrawals after five years.
Contributions are nondeductible.
May feature tax free withdrawals for certain distribution reasons after a 5 year holding period.

EDUCATION IRA

Distributions withdrawn from an Education IRA are tax free if they are for a qualifying educational expense. Cost can be for primary school, high school or college related expenses.

711 Salem Avenue, Winston-Salem, NC 27101
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Notices, Terms, and Conditions
Phone 336-727-2663 or 336-788-5007
Ultra Voice 336-748-3500
Visa Credit Card 800-558-3424
PIN reset/change for debit card 800-567-3451
Lost/Stolen ATM or debit card 800-554-8969
Routing Number 253177968
Unauthorized access or use is not permitted and may constitute a crime punishable by law