An Individual Retirement Account (IRA) is a great tool to help you plan for your retirement. Depending on the type of IRA you select and other factors, contributions may be tax deductible and can grow tax deferred or tax free.

Tax law changes have made IRAs even better. Annual contribution limits have increased to :

Traditional and Roth IRAs

Contribution Limits Tax Year
$5,500 2018
$6,000 2019

Individuals who have reached age 50 by the end of the year will be able to make an additional catch-up contribution of $1,000 per year to their Traditional or Roth IRA.  TXBCU offers Traditional and Roth IRAs and can assist with rollovers and transfer of funds from another qualified pension plan or IRA account.

Choose between either an IRA Savings Account or IRA Certificate. An IRA Savings Account requires a minimum deposit of $500 with dividends paid quarterly on the average daily balance.

IRA Certificates require a minimum deposit of $1,000 and are offered for terms of 12, 18, 24, and 36 months.

Contact our Member Services Department at 855-4494 about making an IRA contribution, rollover, direct transfer or distribution.


Account Verification Every two years your credit union conducts a Verification of Accounts to maintain the financial integrity of members account records. The verification is being performed as of September 30, 2020 with assistance of auditors from Credit Union Resources, Inc. A notice of the verification is included with your statement. Please compare your statement with your records and report any differences in balances to: Credit Union Resources, Inc. Financial and Technology Services P.O. Box 655147 Dallas, TX 75265-5147 Or via email at: If you do not receive a statement, contact Credit Union Resources, Inc., Financial and Technology Services. When replying, please state your name, account number and the name of the credit union. If no errors exist you do not need to take any further action.