IRA Products

IRA Products

Individual Retirement Account (IRA) is an excellent tool for retirement savings. Unlike most investments, depending on the type of IRA you choose, contributions may be tax deductible and will grow either tax-deferred or tax-free. LLCU offers both Traditional IRAs and Roth IRAs.

Call or email an LLCU Loan Officer or IRA Representative for more information on the benefits of a credit union IRA products and offerings. Get more general information on IRAs on the IRS website.

Roth IRA

A Roth IRA allows you to make after-tax contributions. 
Enjoy tax-free withdrawals in the future.

  • Contributions grow: Tax-free
  • Tax-deductibility: No, gives you no current-year tax benefits
  • Contributions come from: After-tax dollars
  • Find maximum contributions for the current year and tax year here.
  • Contribution eligibility: Those with earned income below a certain level.
  • Contribution age restriction: None
  • Penalties: Penalty- and tax-free after 5 years and age 59½ 
  • Mandatory distributions: None

Traditional IRA

A Traditional IRA may allow you to make pre-tax contributions.
Take advantage of tax benefits today.

  • Contributions grow: Tax-deferred
  • Gives immediate tax benefits (subject to income limitations for participants in employer-sponsored plans)
  • Contributions are Pre- or after-tax dollars
  • Find maximum contributions for the current year and tax year here.
  • Contribution eligibility: Anyone with earned income.
  • Contribution age restriction: None
  • Penalties: Penalty-free but taxed as current income after age 59½ 
  • Mandatory distributions: After age 73


Savings Accounts

LLCU offers a variety of Savings Accounts with competitive rates to help you start saving for your financial goals.

Learn More


My Finances

A money management tool designed to help you reach your financial goals. 

Learn More


Health Savings Accounts

Designed to help individuals save for future qualified medical and retiree health expenses on a tax-free basis.

Learn More


Be the first to know about Land of Lincoln Credit Union’s specials, important announcements, and financial education by signing up for our email list!