2317 Easton Avenue
Bethlehem, PA 18017-5099

Phone 610-691-0041
Fax 610-691-8624
E-mail service@beth1st.org

Convenient Access:

Click here to do your Bethlehem 1st FCU banking on the Internet--including Bill Pay. (Requires registration before using first time.)

Install our 'Touch Banking' Mobile Banking App on your Apple or Android smart phone.

The phone number for Audio Response (Bank-by-Phone) is 1-800-553-0857. Click here for audio response instructions.

Click here to do your VISA card banking on the Internet. (Requires registration before using first time.)

Click here to check on your Visa Card Rewards balance.

Click here to find ATMs that charge no fees to Bethlehem 1st FCU members.

Click here for an online Mortgage Application.

Click here for an online Loan Application.

Click here to see Bethlehem 1st FCU 's Savings Accounts and Savings Rates. Click here to see Bethlehem 1st FCU 's Loans and Loan Rates.

Read more about Visa TravelMoney.

Find out how to join Bethlehem 1st FCU.

Office Hours:

Monday, Tuesday,
Wednesday, Friday:

9:00 a.m. - 5:00 p.m.
Thursday:
9:00 a.m. - 6:00 p.m.

Closing or delay due to weather? Check WFMZ:

Click here to go to Channel 69's Stormcenter Update webpage.
Click here to go to the Beth 1st FCU Facebook page.
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Your savings are federally insured  to at least $250,000 and backed by the full faith and credit of the United States Government. Click here to learn more about how you are protected by the NCUA.
Serving Members
Since 1935

IRAs


An Individual Retirement Account (IRA) is an excellent tool for retirement savings. Unlike most investments, depending on the type of IRA you choose, contributions may be tax deductible and will grow either tax-deferred or tax-free. The annual contribution limit for the tax year 2017 is $5,500 for individuals.

Bethlehem 1st FCU offers these types of Individual Retirement Accounts...

The accounts are FREE - we don't charge any fees to open or maintain your IRA. More importantly, we offer competitive, generous dividends.


Traditional IRAs

The annual contribution limit is $5,500, for an individual. Individuals who are age 50 or over at the end of the calendar year can make catch-up contributions up to $6000. If annual compensation is less than this dollar limit, the contribution may not exceed taxable compensation. The annual limit applies to any combination of IRA plans other than the ESA.

Contributions are fully tax deductible if you are not an active participant in an employer retirement plan. Otherwise, phaseout rules apply. Investments grow on a tax-deferred basis. Earnings are taxed only upon withdrawal.

Bethlehem 1st offers Traditional IRAs as Share (Savings) Accounts and as Certificates (CDs). The difference: An IRA share is a savings account to which you can contribute small amounts at any time (subject to IRS regulations as to the total amount you can contribute and keep sheltered from taxes in any given tax year). Certificates (or CDs) have a higher yield but they must be purchased in increments of $500 or more. Certificates expire 12, 24 or 36 months after purchase and must be rolled over into new certificates. Unless you decide to put the money into another instrument, the certificate will automatically roll over into a similar certificate at the new rate. Share accounts are ongoing and do not require rollover.

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Roth IRAs

As long as you have earned income, you can establish and contribute to a Roth IRA even after age 70 1/2. While contributions are not tax deductible, contributions and earnings can be withdrawn tax-free, and unlike traditional IRAs, you are not required to begin taking required minimum distributions after reaching age 70 1/2. By converting your traditional IRA to a Roth IRA, you can enjoy tax-free withdrawals. However, the amount you convert is subject to income tax now.

The annual contribution limit is $5,500, for an individual. Individuals who are age 50 or over at the end of the calendar year can make catch-up contributions up to $6000. If annual compensation is less than this dollar limit, the contribution may not exceed taxable compensation. The annual limit applies to any combination of IRA plans other than the ESA.

Bethlehem 1st offers Roth IRAs as Share (Savings) Accounts and as Certificates (CDs). The difference: An IRA share is a savings account to which you can contribute small amounts at any time (subject to IRS regulations as to the total amount you can contribute and keep sheltered from taxes in any given tax year). Certificates (or CDs) have a higher yield but they must be purchased in increments of $500 or more. Certificates expire 12, 24 or 36 months after purchase and must be rolled over into new certificates. Unless you decide to put the money into another instrument, the certificate will automatically roll over into a similar certificate at the new rate. Share accounts are ongoing and do not require rollover.

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Education Savings Account

A Coverdell Education Savings Plan, or “ESA”, is a trust or custodial account created only for the purpose of paying qualified education expenses. ESA's allow you to put away up to $2,000 per beneficiary for higher education expenses, earning interest tax-free.

While there is no tax deduction for amounts contributed to an ESA, earnings grow tax-free. Your ESA can be used to pay qualified elementary school and secondary school expenses as well as those for higher education.

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Federally Insured

Bethlehem 1st Federal Credit Union is governed by the National Credit Union Administration (NCUA), a U.S. Government Agency. It is the credit union equivalent of commercial banks' Federal Deposit Insurance Corporation (FDIC).

The NCUA, through its insurance fund (NCUSIF) protects your IRAs up to $250,000 against loss due to the failure of a federally-insured credit union for any reason.

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Copyright © 1999-2017 Bethlehem 1st Federal Credit Union.
Last Updated: 4/20/2017 10:47:06 AM Eastern Time