Frequently Asked Questions (FAQs)

Apple Pay® lets you store your cards on your Apple devices for quick and secure payments. Follow the steps in the guide below to set it up.

Full Apple Pay Setup Guide

Your IRA remains in your name, regardless of job changes. If you have a 401(k) from a previous employer, you may choose to roll it over into an IRA to maintain tax advantages and consolidate your retirement savings.

Opening an IRA with Solarity Credit Union is simple. You can start by calling 800.347.9222 or visiting a branch to get personalized guidance on the best retirement savings option for you.

Yes, you can have both a Traditional IRA and a Roth IRA, but your total contributions across both accounts cannot exceed the annual IRS contribution limit.

IRA contribution limits are set by the IRS and may change over time. Generally, contribution limits depend on your age and income level. To ensure you're maximizing your savings within the allowed limits, check the latest guidelines from the IRS or speak with a Financial Guide at Solarity Credit Union.

Credit union deposits are insured by the NCUA for up to $250,000 per depositor for each account type, which is similar to the FDIC, which insures deposits held at banks for the same amount. That said, there are ways to structure your credit union accounts to increase your NCUA insurance coverage above this amount. You can do this by opening multiple accounts with different types of ownership, such as a single, joint, trust, corporation/partnership and self-directed retirement account (IRA).

Each account type is insured separately, so having multiple accounts with different ownership types can increase the amount of coverage. For example, this chart created by the NCUA shows how a family of three could be insured for up to $2,500,000.

Credit union deposits are federally insured, but not by the FDIC. Instead, they are insured by a separate government agency called the National Credit Union Administration (NCUA). The NCUA insures deposits at credit unions, while the FDIC insures deposits at banks. Both the NCUA and FDIC offer the same amount of insurance for depositors.

Click here to read more.