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IRAs

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 NCUA.gov for additional information on insurable limits.

Credit Union of America can close your accounts or full membership remotely. This can be done either by sending a secure message in your digital banking Message Center or by calling our Member Support at 316.265.3272. You can also visit your local branch to request membership 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 In addition, if IRA funds are in a certificate, there may be a penalty if funds are withdrawn prior to CD maturity.