• All current contracts rate is 4.75% APY
• This 8 Year FPDA will be opened as a Traditional IRA* or a Roth IRA*.
• Maximum age for opening an account is 85.
• The 8 Year FPDA offers the highest IRA interest rate paid by the FCSU.
• The FCSU guarantees that your deposits will accumulate interest at no less than 3.00%.
• A minimum of $500.00 is required to open an account.
• Deposits ($30.00 minimum) may be made to your account at any time as your financial situation allows. Additional deposits are not mandatory.
• Your interest will be added to your account balance. (“Cash Interest” Option is not available.)
• Interest earned is tax-deferred until the IRA funds are withdrawn.

Withdrawal Privileges – Since IRAs are meant to be long-term investments for providing retirement income, funds withdrawn during the first eight years are subject to an FCSU early withdrawal charge.

• An emergency withdrawal is permitted for up to 10% of your cash value as of January 1st of each year with no FCSU penalty.
• Any withdrawal during the first year will incur an 8% FCSU penalty on the amount withdrawn. Beginning in the second year, the amount exceeding the emergency withdrawal of 10% permitted will incur a 7% FCSU penalty. Thereafter the FCSU penalty decreases 1% each year. After the eighth year funds may be withdrawn FCSU penalty free.
• Withdrawals prior to age 59 ½ may be subject to a federal tax penalty.

Death Benefit – If you pass away prior to settlement, your designated beneficiary receives the full cash value of the IRA. If you pass away while receiving your settlement option, the current cash value of your remaining guaranteed benefits will be paid to your beneficiary.

*Restrictions apply for Traditional IRA and ROTH IRA.

The FCSU does not provide legal or tax advice. Please consult with your legal or tax professional to determine the best investment product for you.

To print the above information, click here.

• This 6 Year FPDA will be opened as a Traditional IRA* or a Roth IRA*.
• Maximum age for opening an account is 85.
• The FCSU guarantees that your deposits will accumulate interest at no less than 3.00%.
• A minimum of $500.00 is required to open an account.
• Deposits ($30.00 minimum) may be made to your account at any time as your financial situation allows. Additional deposits are not mandatory.
• Your interest will be added to your account balance.
• You may elect to have your interest paid directly to you on a monthly, quarterly, semi-annual or annual basis. This is called the “Cash Interest” Option and the interest rate is slightly lower than if you left your interest to accumulate.
• Interest earned is tax-deferred until the IRA funds are withdrawn.

Withdrawal Privileges – Since IRAs are meant to be long-term investments for providing retirement income, funds withdrawn during the first six years are subject to an FCSU early withdrawal charge.

• An emergency withdrawal is permitted for up to 10% of your cash value as of January 1st of each year with no FCSU penalty.
• Any withdrawal during the first year, will incur a 6% FCSU penalty of the amount withdrawn. Beginning in the second year, the amount exceeding the emergency withdrawal of 10% permitted will incur a 5% FCSU penalty. Thereafter the FCSU penalty decreases 1% each year. After the sixth year funds may be withdrawn FCSU penalty free.
• Withdrawals prior to age 59 ½ may be subject to a federal tax penalty.

Death Benefit – If you pass away prior to settlement, your designated beneficiary receives the full cash value of the IRA. If you pass away while receiving your settlement option, the current cash value of your remaining guaranteed benefits will be paid to your beneficiary.

*Restrictions apply for Traditional IRA and ROTH IRA.

The FCSU does not provide legal or tax advice. Please consult with your legal or tax professional to determine the best investment product for you.

To print the above information, click here.

• This 6 Year Fixed Rate will be opened as a Traditional IRA* or a Roth IRA*
• Maximum age for opening an account is 85.
• The 6 Year Fixed Rate earns a fixed interest rate for six years.
• The FCSU guarantees that your deposits will accumulate interest at no less than 3.00% (after your initial six year term.)
• A minimum of $5,000.00 is required to open an account.
• Additional deposits are permitted in year seven. (See our 6 Year FPDA for details.)
• Your interest will be added to your account balance. (“Cash Interest” Option is available beginning in year seven. See our 6 Year FPDA for details.)
• Interest earned is tax-deferred until the IRA funds are withdrawn.

Withdrawal Privileges – Since IRAs are meant to be long-term investments for providing retirement income, funds withdrawn during the first six years are subject to an FCSU early withdrawal charge.

• An emergency withdrawal is permitted for up to 10% of your cash value as of January 1st of each year with no FCSU penalty.
• Any withdrawal during the first year, will incur a 6% FCSU penalty on the amount withdrawn. Beginning in the second year, the amount exceeding the emergency withdrawal of 10% permitted will incur a 5% FCSU penalty. Thereafter the FCSU penalty decreases 1% each year. After the sixth year funds may be withdrawn FCSU penalty free.
• Withdrawals prior to age 59 ½ may be subject to a federal tax penalty.
• Settlement Options are available beginning in year seven.

Death Benefit – If you pass away prior to settlement, your designated beneficiary receives the full cash value of the IRA. If you pass away while receiving your settlement option, the current cash value of your remaining guaranteed benefits will be paid to your beneficiary.

*Restrictions apply for Traditional IRA and ROTH IRA.

The FCSU does not provide legal or tax advice. Please consult with your legal or tax professional to determine the best investment product for you.

To print the above information, click here.

• The Park Free Plus will be opened as a Traditional IRA* or a Roth IRA*.
• Maximum age for opening an account is 85.
• The Park Free Plus Annuity earns a fixed rate for one year.
• A minimum of $1,000.00 is required to open an account.
• A maximum of $25,000.00 is allowed for the first year.
• Limited to one per Member per lifetime.
• Additional deposits are not permitted the first year.
• Your interest will be added to your account balance. (“Cash Interest” Option is only available upon continuation into our 6 Year FPDA. See our 6 Year FPDA for details.)
• Interest earned is tax-deferred until the IRA funds are withdrawn.
• The Park Free Plus Annuity, may be extended for an additional five years or transferred to one of our other products, under the terms and conditions of the prospective product.

At the First Anniversary– You will have 15 days to elect one of the following options:

• Withdrawal of the full value of the accumulated IRA funds (principal plus interest) without incurring an FCSU surrender charge. (Any withdrawal during the first year will incur a 6% FCSU penalty on the amount withdrawn.)
• Continue the IRA for an additional five years. If the IRA is continued, benefits will be the same as the 6 Year Flexible Premium Deferred Annuity. (See our 6 Year FPDA for details.)
• Transfer to any of the following:
  • 8 Year Flexible Premium Deferred Annuity. (See our 8 Year FPDA for details.)
  • 6 Year Fixed Rate Annuity. (See our 6 Year Fixed Rate Annuity for details.)

Death Benefit – If you pass away prior to settlement, your designated beneficiary receives the full cash value of the IRA. If you pass away while receiving your settlement option, the current cash value of your remaining guaranteed benefits will be paid to your beneficiary.

*Restrictions apply for Traditional IRA and ROTH IRA.

The FCSU does not provide legal or tax advice. Please consult with your legal or tax professional to determine the best investment product for you.

To print the above information, click here.

• The FCSU guarantees that your deposit will accumulate interest at no less than 3.00%
• A minimum of $500.00 is required to open the account
• Additional deposits are not permitted
• Your interest will be added to your account balance
• Interest earned is tax-deferred until the IRA Funds are withdrawn

Withdrawal Privileges – You need to deplete inherited retirement accounts within 10 years following the death of the account holder, funds withdrawn during the first 8 years are subject to an FCSU Early Withdrawal Charge.

• An emergency withdrawal is permitted for up to 10% of your cash value as of January 1 of each year with no penalty.
• Any withdrawal during the first year, exceeding the 10% permitted, will incur an 8% penalty of the amount withdrawn. Thereafter the penalty decreases 1% each year. After the eighth-year funds may be withdrawn penalty free.

• The Single Premium Immediate Annuity will be opened as a Traditional IRA* or a Roth IRA*.
• Maximum age for opening an account is 85.
• Payments must begin in the first year.
• You may elect to have your payments sent:
  • Monthly
  • Quarterly
  • Semi-Annually
  • Annually
• Your payment schedule cannot be modified once it has been established.
• Additional deposits are not permitted.
• Additional withdrawals are not permitted.
• The interest rate is fixed and will remain the same throughout your payment period.

Death Benefit – The current value of your remaining guaranteed payments will be paid to your beneficiary.

*Restrictions apply for Traditional IRA and ROTH IRA.

The FCSU does not provide legal or tax advice. Please consult with your legal or tax professional to determine the best investment product for you.

To print the above information, click here.