Veritas Federal Credit Union

Roth IRAs

Tax-advantaged growth

  • Earnings are federal and, in most cases, state tax-free if withdrawn at or after age 59 � and your Roth IRA account has been open five years or more�
  • Your contributions (not earnings) can be withdrawn tax-free at any time
  • No required minimum distribution at or after age 70½


  • If you are under age 50 you can contribute up to $5,000 for 2012
  • For each year during which you are age 50 or older, you can make an additional $1,000 contribution


Anyone, as long as your modified (MAGI) does not exceed:

Single Tax-Return Filers $125,000
Joint Tax-Return Filers $183,000

  • Account Owner must have earned income equal to or greater than their IRA contribution amount
  • If you contribute to an employer-sponsored plan like a 401(k) or 403(b), you are still eligible to open a Roth IRA as long as you meet the eligibility requirements above.
  • If you have no earned income but your spouse earns enough income to cover your contribution as well as their own, and their income (AGI) does not exceed the limits above, you can contribute to a Roth IRA account
  • See the Roth Contribution Chart below for more details on Roth IRA accounts

Veritas Federal Credit Union
One Nissan Way
Franklin, TN 37067

Mailing Address:
PO Box 2659
Smyrna, TN 37167

Main Phone: (615) 786-0452
Member Service: (855) 663-8328
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Routing Number: 064182605
VFCU NMLS #409723
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Fee Schedule

    - Share Accounts
    - Checking
    - Certificates
    - IRAs
    - ATM/Debit Cards
Other Services:
    - Stop Pay Requests
    - Wire Transfers
    - Direct Deposit
    - Convenience Services

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NCUA Insured 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. Govt. Agency.
We do business in accordance with the Federal Fair
Housing Law and the Equal Credit Opportunity Act.