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Frequently Asked Questions

Yes, your funds are federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. Please refer to for additional information on insurable limits.

Contact us to close your accounts remotely. You can also visit your local branch to request closure.

Credit Union of America recommends consulting with a tax advisor about early withdrawl penalties. Generally, early withdrawal from an Individual Retirement Account (IRA) prior to age 59½ is subject to being included in gross income plus a 10 percent additional tax penalty. In addition, if IRA funds are in a certificate, there may be a penalty if funds are withdrawn prior to CD maturity.