CFDCU Mobile on Android

A recent technical issue has resulted in the temporary removal of CFDCU Mobile from the Google Play store. The issue is related to our Google Developer account and does not reflect any problem with the mobile application itself. While the removal of the app will prevent new installations, at this time we are not seeing current users being impacted. We are working to get this resolved and regret the inconvenience it has caused.

IRAs May Be A Tax-Advantaged Way To Save

When it comes to saving for your retirement, it's never too early and it's never too late. Even the IRS wants you to save. Contributions to both a Traditional Individual Retirement Account and a Roth Individual Retirement Account may offer tax-advantages. You may be able to take a deduction of all or part of your contribution to a Traditional IRA. You can't deduct contributions to a Roth IRA, but you won't pay taxes on the earnings, and usually, you can take qualified distributions tax-free. Restrictions apply, so check with your tax advisor for details. The annual contribution limit for 2019 is $6,000 or $7,000 if you're age 50 or older.

You also may be able to take a tax credit for making eligible contributions to your IRA or employer-sponsored retirement plan. According to the IRS, the saver's credit helps offset part of the first $2,000 workers voluntarily contribute to IRAs and 401(k) plans and similar workplace retirement programs. Also known as the retirement savings contributions credit, the saver's credit is available in addition to any other tax savings that apply. The amount of the credit is 50%, 20%, or 10% of contributions depending on your adjusted gross income as reported on Form 1040 and is aimed at moderate income workers. For 2019, your AGI can be no more than $64,000 for those married filing jointly, $48,000 for head of household, and no more than $32,000 for other filers (single, married filing separately or qualifying widow/er).

For more information, visit and search for Publication 590-A. Then drop by the credit union to open or contribute to your IRA.


Hotlines allows you to call the number directly!

The Hotlines number is (704) 375-0221.

Debit and Credit Card Travel Notice

Because of the frequency of fraudulent transactions from certain areas, there are some geographical restrictions in place with our card processor.

Please notify us if you intend to travel out of the country so that we can notify the card processor and hopefully prevent any problems.