Search: Background > Retirement/IRA It’s never too early to start thinking about retirement. FLFCU’S Individual Retirement Accounts (IRA’s) are designed to give you an advantage on your retirement savings through unique tax incentives, including compounded interest that continually grows tax deferred. There are more IRA types, and more maturity options than ever, so funds are available when you need them, now or later. IRAs can be opened in any one of our branches. For more information or personal assistance, please contact us. Traditional IRA How it works: No minimum to open After age 59 1/2, both earnings and contributions can be withdrawn penalty free Any earnings grow tax deferred until withdrawn after age 59 1/2 Earnings withdrawn after age 59 1/2 are taxed at your current tax rate Contributions may be tax deductible NOTE: You may also be able to rollover your current retirement savings to an FLFCU IRA. Speak with an FLFCU representative for more information. Roth IRA How it works: No minimum to open Contributions, not earnings, can be withdrawn tax and penalty free at any time After age 59 1/2, if the account has been open at least 5 years, earnings can be withdrawn tax free Contributions are not tax deductible NOTE: You may also be able to rollover your current retirement savings to an FLFCU IRA. Speak with an FLFCU representative for more information. IRA Certificates How it works: $500 minimum to open Similar structure to regular Term Share Certificates (also known as CDs) Available at terms from 3 months to 3 years Penalties for early withdrawal will be imposed, which will reduce earnings. Promotions Rates Questions? Online Banking Finger Lakes Federal Credit Union 27 Seneca Street, Geneva, NY 14456 Phone: 1-855-866-9328 ABA Routing #: 222380692 Lost/Stolen Card: Report your lost or stolen card Site Map ©2016 Finger Lakes Federal Credit Union Website Design by LKCS

Search: Background > Club Savings Accounts FLFCU’s Club accounts - Saving with a purpose. By using our Club Account you can easily put aside funds, whether you are planning a vacation, a wedding or just saving up for the Holidays. We make is even easier to save automatic transfers. Features and Benefits: No minimum to open Earns interest Make regular deposits into your account via automatic transfer Make additional deposits anytime One-time automatic transfer to your FLFCU savings account October 1st for Holiday Clubs Once account is established, there’s no need to re-enroll, and you can start saving right away for next year! Promotions Rates Questions? Online Banking Finger Lakes Federal Credit Union 27 Seneca Street, Geneva, NY 14456 Phone: 1-855-866-9328 ABA Routing #: 222380692 Lost/Stolen Card: Report your lost or stolen card Site Map ©2016 Finger Lakes Federal Credit Union Website Design by LKCS