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Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government Agency
Retirement Accounts

Studies show that most Americans underestimate how much money they will need for a comfortable retirement. Planning is the key. Community First can help make sure you are ready.

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Individual Retirement Accounts (IRAs)top

IRAs are accounts that are designed to help you put money away for your retirement. There are contribution limits that apply to both Traditional and Roth IRAs or any combination of the two. For members who are 50 years of age and older, the limits are increased. Contact a Community First Trusted Advisor for specific information.

Traditional IRAs

Contributions to a Traditional IRA may be tax-deductible and your earnings grow tax-deferred until they are withdrawn. Some withdrawals may be penalty-free if made for a qualified reason, however, tax consequences may still apply. Withdrawals must begin at age 70-1/2.

Who Can Contribute?
Anyone under age 70-1/2 who either has income from compensation or files jointly with a spouse who earns compensation may contribute.

Regardless of age, anyone who has received a distribution from a qualified retirement plan may roll over the proceeds of the plan into an IRA.
OPEN AN IRA TODAY or CLICK HERE for more information.

Roth IRAs

Contributions to a Roth IRA are not tax-deductible. Your earnings grow tax-deferred, and may be tax-free if the account is open for five tax years and withdrawn for a qualified reason. You are not required to start withdrawals at age 70-1/2.

Who Can Contribute?
Anyone who either has income from compensation or files jointly with a spouse who earns compensation may contribute. There are income guidelines that may affect the contribution amount. Contact a Community First Trusted Advisor for specific information.
OPEN AN IRA TODAY or CLICK HERE for more information.

457 - Deferred Compensation Plantop

A 457 Tax Deferred Savings Plan is a special retirement savings program for state and local government employees. Contributions are deducted pre-tax from your paycheck, and earnings are tax-deferred until withdrawn. Other elective deferrals into 403(b) or 401(k) plans do not impact contribution limits.

Who Can Contribute?
Individuals who are employed by Baker, Clay and Duval County Public Schools and WJCT Channel 7 are eligible to contribute. Just call 904.354-8537 to speak to a Community First Trusted Advisor for more information.

Click here for Additional Investment Services* Options

Investment Services are offered through CUSO Financial Services, L.P. (CFS). Investments are not NCUA/NCUSIF insured or credit union guaranteed and may lose value. Investment advisors are employees of Community First Credit Union of Florida and registered through CFS. Community First Credit Union of Florida is in partnership with CFS. (Member FINRA / SIPC)

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