Individual Retirement Accounts (IRAs) & 457s
Everyone needs to have a plan for retirement. Prepare for your future with our selection of IRA and 457 accounts.
Featured Accounts
We offer a tax-deffered savings account program, under section 4571 of the IRS code. This program is available to employers paid by state or local governments. Groups currently approved to contribute are the Baker, Clay, and Duval County Public Schools and WJCT Channel 7. In this plan, a portion of your wages are deposited into a special Credit Union account through a salary reduction agreement and are not subject to Federal Income Tax while they remain deposited. All interest earned on deferred wages is tax-deferred.
- Contributions are tax-deferred until withdrawn
- Earnings grow tax-deferred until withdrawn
- Social security benefits are unaffected – deferred salary is included in the wage base for benefit purposes.
Benefits
Invest in your future
Looking for something different? Explore our other great account options.
Certificates of Deposit (CDs)
CDs3 are a great way to save for short- and long-term goals with financial peace of mind. You choose the length of the term, and we'll deliver a guaranteed return.
Money Market Account
Get rewarded for growing your savings balances. Our Money Market4 account features a tiered-rate structure, so you earn a higher interest rate as you increase your balances.
Share Savings Account
Our Share Savings5 account gives you access to all the benefits of Community First Credit Union membership, and it's a great basic savings account, too.
Advantage Checking Account
With our Advantage Checking6 account, you’ll earn interest on your entire checking account balance and a premium interest rate on your first $500, with no monthly maintenance fees.
FAQs
Community First Credit Union membership is open to anyone who lives, works, or attends school in one of the following Florida counties: Baker, Brevard, Broward, Clay, Duval, Flagler, Indian River, Lake, Martin, Nassau, Orange, Palm Beach, Putnam, Seminole, St. Johns, St. Lucie, or Volusia.
Membership is also open to any relative of an existing or eligible Community First Credit Union of Florida member. We also offer membership to select employer groups, including employees of Brooks Rehabilitation, Miller Electric Company, and Web.com. Not sure if you qualify? Contact us.
2Investment Services - Non-deposit investment products and services are offered through CUSO Financial Services, L.P. (“CFS”), a registered broker-dealer (Member FINRA/SIPC) and SEC Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. Community First Credit Union of Florida has contracted with CFS to make non deposit investment products and services available to credit union members. For specific tax advice, please consult a qualified tax professional.
Financial Advisors are registered to conduct securities business and licensed to conduct insurance business in limited states. Response to, or contact with, residents of other states will be made only upon compliance with applicable licensing and registration requirements. The information in this website is for U.S. residents only and does not constitute an offer to sell, or a solicitation of an offer to purchase brokerage services to persons outside of the United States.
3Certificates of Deposit (CDs) - Product offers, rates, terms and other information provided herein are subject to change without notice. Due to the occasional inaccessibility to our website which may be beyond our control, Community First Credit Union cannot guarantee the completeness or accuracy of the information provided herein. The information provided to you on our calculators is estimated and provided solely for your interactive enjoyment. The results are not guaranteed to be accurate. To verify current offers and rates, please call 904.204.1711 or 800.342.8416
4Money Markets - Product offers, rates, terms and other information provided herein are subject to change without notice. Due to the occasional inaccessibility to our website which may be beyond our control, Community First Credit Union cannot guarantee the completeness or accuracy of the information provided herein. The information provided to you on our calculators is estimated and provided solely for your interactive enjoyment. The results are not guaranteed to be accurate. To verify current offers and rates, please call 904.204.1711 or 800.342.8416
5Share Savings - New members must open a share account with a minimum $5 initial deposit (share account is required for membership). Rates may change at anytime without notice. Fees may reduce earnings on account. Balances above $100 earn current share rate. Click here to view Savings rates
6Advantage Checking - APY = Annual Percentage Yield. Rates may change without notice after the account is opened. Fees could reduce earnings. All offers may end at any time without notice. New members must open a share account with a minimum $5 initial deposit (share account is required for membership). Advantage Checking account pays interest on your entire checking account balance. You can also earn a premium interest rate on your first $500 when you make 10 or more debit card transactions each month and enroll in eStatements.