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Membership in Northrop Grumman Federal Credit Union means co-ownership in one of the strongest credit unions in the country.

Roth IRA

Introduced in 1997, Roth IRAs provide the unique benefit of letting the owner earn and withdraw dividends free from federal taxation, as long as the account has been open at least 5 years and the saver is at least 59-1/2 years old. You pay no trustee fee on your IRA at Northrop Grumman Federal Credit Union so all the dividends come to you.


Roth IRAs allow you to:

  • Deposit after-tax dollars into an account that earns dividends free from federal taxes, subject to income limitations.
  • Withdraw contributions and dividends without incurring federal taxes or penalties after the account has been open at least five years and you are age 59-1/2 or older.
  • Withdraw contributions and earnings without penalty at any time to buy a first home or if disabled.
  • Withdraw contributions at any time and any age.
  • Continue making contributions after reaching age 70-1/2.
  • Choose whether or not to take distributions after age 70-1/2.
  • Contribute up to the maximum for your income level, provided you have earned income at least equal to the Roth IRA contribution.


  • Your beneficiaries may qualify for tax-free distributions.
  • You may convert your Traditional IRA to a Roth IRA in most cases if you are prepared to pay the taxes on the converted funds.
  • For more information visit - Individual Retirement Arrangements (IRAs)

For assistance with completing the simple forms necessary to establish your IRA, please contact a Member Service Representative.

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Mailing Address
Box Number 47009
Gardena, CA 90247-6809
Call Center
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