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

Accumulation

If it is difficult for you to give up a large sum of money all at once for retirement savings, you can use the Accumulation IRA to make regular small contributions to your IRA savings. Once you accumulate $2,000, you can transfer your retirement savings into a higher yield Term IRA.

Summary

  • $5 minimum opening deposit
  • $100 minimum balance to earn dividends
  • Maximum annual contribution to all your IRAs, Traditional and Roth, may not exceed $6,000 ($7,000, age 50 and over)
  • Earliest qualified distribution is at age 59-1/2. Premature distribution may result in a tax penalty.
  • For more information visit IRS.gov - Individual Retirement Arrangements (IRAs)

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

If you are using a screen reader and need assistance using this website, please call 800-633-2848.

Mailing Address
Box Number 47009
Gardena, CA 90247-6809
Call Center
800-633-2848
Monday - Friday
5 a.m. - 6 p.m. Pacific
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