You may have heard recent news about the financial difficulty that Technicolor Group is experiencing. We want to assure you that since our founding in 1952, Technicolor Federal Credit Union has been a completely separate entity and has no financial connection with the Technicolor Group and/or related companies. We continue to be well capitalized with a net worth ratio of over 9%--well above the industry standard of 7%. Your deposits continue to be federally insured by the National Credit Union Administration (NCUA). Please reach out to us if you have any further questions. We stand ready to assist our members who are affected by the shutdown of Technicolor Group, as well as those of you affected by the recent wildfires in the Los Angeles area.
An individual retirement account (IRA) offers unique tax advantages. IRA contributions may be tax deductible, depending on the type of IRA and your specific circumstances.
| Account Name | APY | Term | Rate Type | Minimum to Open | Maximum Balance |
|---|---|---|---|---|---|
| IRA Shares | 1.00% | Flexible | Variable | $50.00 | Unlimited |
| 5-Year Roth IRA Shares | 3.00% | 5 Years | Variable | $500.00 | Unlimited |
| IRA Certificates | 3.60% | 1 Year | Fixed | $1,000.00 | Unlimited |
| 3.80% | 15 Months Promo | Fixed | $1,000.00 | Unlimited | |
| 3.75% | 2 Years | Fixed | $1,000.00 | Unlimited | |
| 3.40% | 3 Years | Fixed | $1,000.00 | Unlimited | |
| 3.00% | 4 Years | Fixed | $1,000.00 | Unlimited | |
| 3.00% | 5 Years | Fixed | $1,000.00 | Unlimited |
The sooner you begin saving, the more you'll have to live life on your own terms.