Henrico FCU Digital Banking and Voice Banking will be intermittently unavailable from approximately 12:00 AM until 9:00 AM Sunday, December 5, 2021, for system upgrades in an effort to better serve you.

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Digital Banking

Prepare for the Best Years of Your Life 

Retirement should be the best years of your life and we want to help you prepare financially. This is why we offer Individual Retirement Account (IRA) savings account to help you plan for the future. Contact us so we can help you with your retirement planning! 

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Roth IRA or Traditional IRA?

 
 

Roth IRA

Tax Break Later
The money you deposit is taxed immediately.

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Traditional IRA

Tax Break Now
You get your tax break upfront and
only pay taxes when you withdraw it.


Roth IRA

Continue Making Contributions 
If you are still working, you may continue
to make contributions after the age of 70.

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Traditional IRA

Contributions Stop
You are no longer allowed to make
contributions after the age of 70 1/2.


Roth IRA

Withdraw Funds at Any Time
While you can withdraw your contributions, your earnings are subject to a penalty if withdrawn before age 59 1/2.

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Traditional IRA

 Withdraw Funds at Any Time
Withdrawals are subject to a
10% penalty until the age of 59 1/2.