Used Vehicle

APR low
3.39%

New Vehicle

APR low
2.24%

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Credit Card

APR low
8.99%

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Home Equity

APR low
4.25%

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Certificate

APY up to
3.39%

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Personal Loans

APR low
8.74%

Individual Retirement Accounts (IRA)

Traditional

 

Roth

What are the details?

  • Individuals may open and fund IRAs without any employer participation
  • Earnings remain tax-deferred until distributed
  • Eligible individuals can make deductible contributions
  • Individuals may distribute IRA assets at any time
  • No annual contribution requirement
 

What are the details?

  • Individuals may open and fund a ROTH IRA without any employer participation
  • Owners contributions have already been taxed
  • Allows contributions to grow tax-deferred
  • No annual contribution requirement

What are the rules?

  • Owner must not have attained his 70½ year
  • Owner must have eligible compensation (generally earned income) equal to or greater than the Traditional IRA contribution amount
  • Owner must contribute to all traditional IRA’s up to the lesser of 100 percent of earned income or $5,500 for 2015 and for 2016 (plus catch-up contributions, if eligible)
  • Owner reaching the age of 50 may increase their IRA contributions to $6,500 for 2015 and 6, 500 for 2016 to catch up on retirement savings
  • Individuals must make regular contributions to Traditional and Roth IRAs by the due date of their federal income tax returns (generally April 15), not including extensions
 

What are the rules?

  • Unlike a traditional IRA, there is no 70½ age limit on making contributions
  • Individuals cannot take a tax deduction for their contributions
  • The principal amount is never subject to future taxes or penalties as long as owners remain within the contribution guidelines
  • If an individual does not distribute any of the earnings until he has had the Roth IRA for at least five years and has a qualifying event (generally turning age 59½), those tax-deferred earnings are tax-free
  • Annual regular contribution limit is the lesser of $5,500 for 2015 and for 2016 (plus catch-up contributions, if eligible) or 100 percent of eligible compensation (generally earned income)
  • Owner’s age 50 or older by the end of the tax year may increase their IRA contributions to help "catch-up" on their retirement savings, for a maximum contribution of $6,500 for 2015 and for 2016.
  • Owners must make regular contributions to Traditional and Roth IRAs by the due date of their federal income tax returns (generally April 15), not including extensions
Visit the IRA Center
 
Visit the IRA Center

Why Choose Us?

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Access to Virtual Banking

As your financial partner, we want to make sure that your banking experience remains stress-free by offering you a variety of ways to manage your accounts without setting foot in a branch.

 

People when you need them

We know that you may have banking needs that require a human touch. We offer a variety of ways to connect with a member of our team.

  • Access to over 5,000+ shared branches through our CO-OP shared branch network
  • 24-hour Member Service Call Center and Rate Line

 

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Earn rewards

Enjoy the benefits of Purchase Rewards when you use your debit card.

Purchase Rewards

  • As a debit cardholder, you are automatically enrolled to receive cash back offers through Purchase Rewards.
  • Sign into your account through Online Banking and the SDFCU Mobile App to view and activate your offers. Then shop at participating retailers using your debit card.
  • The cash back rewards you earn will be deposited directly into your checking account.

Little to no fees

As a credit union, we don’t want to fee you. But, when we do, you will find our fees lower than any other financial institution in the industry.

 

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Security where it matters

Securing your financial well-being is what we do best. For years we have been providing our members with 24-hour account monitoring to protect against fraud and identity theft. Your accounts are always safe with us.

  • Monitor your accounts with Alerts
  • 24-hour account monitoring by a team of professionals
  • Industry leading online Security Center

 

Superior services for travelers

Banking overseas is more than just putting your card in an ATM or a store kiosk to make a purchase. When you travel, we have you covered.

  • FREE Travelers Checks
  • Affordable Wire services
  • Our Visa Debit Card includes $100,000 Travel Accident Insurance and $300 Delayed Baggage Claim Benefits at no extra charge
  • Debit card Travel Notifications

 

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We are a credit union

As a credit union, we focus on helping members save and borrow and receive affordable financial services.

  • Member-owned
  • Not-for-profit
  • Federally insured by the National Credit Union Administration (NCUA)
  • Higher savings rates
  • Lower loan rates

 

 

Savings Calculators