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National Credit Union Agency NCUA Disclosure    Equal Housing Lender Equal Housing Lender Disclosure

Individual Retirement (IRA)

We offer IRAs that meet your needs!

Hickam Federal Credit Union offers a wide range of IRA products that will help make your retirement dreams come true.

  • No minimum balance is required for all IRA Savings Accounts.
  • No monthly fees.
  • Contributions may be made in "lump sums" or by regular deposits to the IRA Savings Account throughout the year.
  • Dividends are paid monthly.
  • IRA Certificates are also available with a minimum deposit of $500 and terms of 12, 24 and 36 months.
  • For Current IRA and IRA Certificate rates, check out our Rate Board.

Traditional IRA
A traditional IRA is an account that allows you to defer taxes on your earnings until they are withdrawn. Also, certain contributions may be tax deductible in the year they are made. Check with your tax preparer for deductibility.

Roth IRA
The Roth IRA is an account that features tax-free withdrawals for certain distribution reasons after a five-year holding period. Since Roth IRA contributions are nondeductible and taxed in the year they are earned, members who expect to be in a higher tax bracket when they retire may benefit more from a Roth IRA than from a Traditional IRA. Unlike the Traditional IRA, there is no requirement to begin taking distributions at age 70.

Coverdell Educational Savings Account
The Coverdell Educational Savings Account is an account that features tax-free withdrawals for a child's higher education expenses. Contributions are nondeductible, therefore unlike the Traditional IRA, distributions from an Coverdell Educational Savings Account are penalty free and tax-free.
Consult your tax advisor for further information.

IRA Certificates
Earn higher dividends with an IRA Certificate. IRA Certificates are available with a minimum deposit of $500.

*IRA Certificates subject to HFCU penalties upon early withdrawal. Please see HFCU Truth-in-Savings Disclosure for details.

How to Become a Member and Open Your IRA Account - It's Quick and It's Easy

  1. Fill out our on-line Member Application Request
  2. Come by one of our convenient offices and sign the account card, or we can handle everything right through the mail
  3. Make an initial deposit of $25 to your savings account
  4. A $25 minimum balance in a Savings Account allows members to use all credit union services
  5. If you are already a member and want to open an IRA Account, just give us a call at 808-423-1391 or 800-432-4328.
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