Roth IRA Account

PLEASE NOTE: Due to the complexity of this product, all IRA accounts will be administered at our main office in Phillipsburg only.

If you’re looking for flexibility in your retirement planning, a Roth IRA may be right for you. Roth IRAs are an especially good fit if you aren’t looking for an immediate tax break.


  • Earnings are tax-free if account is open for 5 tax years and withdrawn for a qualified reason. (age 59 1/2 , disability, death or a first-time home purchase**)
  • Regular contributions may be withdrawn at any time, tax-free and penalty-free.
  • Withdrawals not required to start at age 70 1/2.

Roth IRAs terms are available for 12 and 30 months with a $500 minimum. Up to $5,000 can be contributed annually* and members 50 and older, limits increase to $6,000.

*Note: contributions cannot exceed compensation.

Best of all, if you aren’t able to deposit a lump sum but still want the benefits of an IRA, we offer a Roth IRA Share Account. This account can be opened with a minimum of just $5.00 and small increments can be deposited into the account whenever possible. Payroll deduction is especially helpful for those who want the benefits of saving for retirement a little at a time.

Stop in or call our Savings Manager Linda Hall at ext. 223. She will be glad to help you with any questions you may have on either our Traditional or Roth IRA products.

**Lifetime limit for exemption on first-time home purchase is $10,000.