Traditional Individual Retirement Accounts (IRA)
Prepare for your future while lowering your taxable income today.
A traditional IRA from MFCU offers safe, tax-advantaged retirement account savings with dependable local services.
Why Choose an MFCU Traditional IRA?
- NCUA-insured up to $250,000
Your retirement funds are protected with federal insurance.
- Tax-Deferred Growth
Contributions may be tax-deductible, and earnings grow tax-deferred until withdrawal-helping you potentially reduce your taxable income now.
- No Hidden Fees
MFCU does not charge administrative, withdrawal, or transfer fees on IRA accounts.
- Simple, Local Support
Our team is here to make opening, contributing, and transferring an IRA straightforward and stress-free.
IRA Share Certificates (IRA CDs)
Grow your retirement savings with guaranteed, fix-term returns.
Once your IRA is open, you can transfer IRA funds into IRA Share Certificates, which offers the same competitive rates as our regular share certificates- paired with the tax-deferred benefits of a traditional IRA.
Features
- A range of fixed-term IRA certificates, from 6 months to 30 months
- Guaranteed rate for the entire term
- Tax-deferred earnings until funds are withdrawn from the IRA
- Local, secure, and easy to manage
- Dividend deposit options
Looking to maximize your retirement savings?
IRA Share Certificates can provide dependable, guaranteed earnings without market risk.