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Retirement
AccountsSave for the Future
of Your Dreams
When you save for retirement, you’re giving your future self the time and money to do the things you love. And here at Grow, we want to make saving for retirement simple. We have educational resources designed to help you get started and keep you moving in the right direction. No matter where you are right now, our retirement accounts1 can help you get where you want to be. Grow members can open a retirement account through online banking.
Traditional IRA
With a Traditional IRA, your contributions may be tax deductible during your working years, which means you save more today, but you’ll pay income taxes on the distributions you take during retirement.
Not yet a Grow member? You can still open an IRA at any of our stores.
Roth IRA
With a Roth IRA, your contributions are made with after-tax dollars now so that your qualified distributions may be tax-free during retirement. Something to think about as part of your retirement planning strategy.
Not yet a Grow member? You can still open a Roth IRA at any of our stores.
Learn How IRAs Work
Since IRAs can be tricky, how do you know which one to choose? It’s important to have someone to talk to. At Grow, we get it, and we have people who can explain it to you. These people have earned certifications through an accredited training program offered to banks and credit unions. In other words, they know their stuff.
Important Information About Procedures for Opening a New Account
To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account. What does this mean for you: When you open an account, we will ask for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.
Accounts are subject to approval.
1Certain restrictions apply. Not all taxpayers are eligible. Consult your tax advisor.
How to Find Your Routing & Account Numbers
When you make a payment online, by phone or on a mobile device, you may be asked for our routing number and your checking account number. Credit unions and banks use these numbers to identify accounts and make sure money gets where it’s supposed to be. You’ll also need to provide your routing and checking account numbers for:
- Direct deposits
- Electronic checks
- Military allotments
- Wire transfers
Where to Find Your Routing & Checking Account Numbers
Your personal checks include both our routing number and your account number, as shown on the Grow check example below.
Don’t have a Grow check? No worries.
Visit any Grow store and ask for a Direct Deposit Form. It lists both your routing number and checking account number.
Making a Loan Payment
When it comes to making payments, we try to make it as painless as possible to pay your loan every month. We have several different ways to pay, including convenient online options.
Pay Online
You have two ways to pay online by transferring funds from another bank or credit union.
- Grow Online Banking (Preferred payment method for any loan)
This is the simplest way to pay your loan. You can make one-time payments or set up automatic recurring payments in Grow Online Banking. Once you log in, select “Transfer/Payments” from the menu. If you’re not enrolled in Grow Online Banking yet, you can set up your account in just a few minutes.
Log In
- Debit Card or ACH (Available for auto, personal loans and HELOCs)
Note: ACH and debit card payments are not available for credit cards or most mortgages, except HELOCs.
We accept ACH payments with no additional fees or Mastercard® and Visa® debit cards with a convenience fee of $4.95. To get started with an online ACH or debit card payment, select Pay Now below.
Pay Now
Pay by Mail
You can also pay any Grow loan by check through the mail. Please remember to include your account number and Grow loan number on the check. (For credit card payments, please do not write your 16-digit credit card number on the check, which can cause a delay in processing the payment.)
Address for auto, credit card, personal loan and HELOC payments:
Grow Financial Federal Credit Union
P.O. Box 75466
Chicago, IL 60675-5466Address for personal first or second mortgages and home equity payments:
Grow Financial Federal Credit Union
P.O. Box 11733
Newark, NJ 07101-4733You Are About To Leave GrowFinancial.org
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