JSC Federal Credit Union is committed to helping you navigate the COVID-19 pandemic. To us, nothing is more important than your health, safety, and financial wellbeing.

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) includes a provision that allows individuals, including beneficiaries of inherited Individual Retirement Accounts (IRAs), to waive their required minimum distributions (RMD) from their traditional or inherited IRAs in 2020.

Our records indicate you have a qualifying IRA. If you would like to waive your 2020 RMD payments, please submit a completed waiver by June 1, 2020. Waiver can be submitted the following ways:

  • For fast and easy processing, please complete the waiver electronically here.
  • By mail:
    JSC Federal Credit Union
    1330 Gemini Houston, TX 77058, or
  • JSC Federal Credit Union solution center lobby, drive thru, or night drop. Locate a solution center near you.

Please note: a waiver must be completed for each qualifying IRA (e.g. traditional, inherited).

Submit RMD Waiver Online

If you elect to receive your scheduled RMD payment(s) in 2020 or do not have scheduled payments, no action is required.

Your 2021 RMD will continue as originally scheduled.

If you have any questions, please contact us at 281-488-7070 or email memservcompliancedept@jscfcu.org

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