Traditional IRA

Regardless of your current employer retirement plans, an IRA can offer additional retirement security for eligible members.  Both Traditional and Roth IRAs are available in a Savings or Certificate option, with MEFCU representatives ready to help explain your options.

Deposits for any tax year may be made until April 15th of the following year, and can be set up through payroll deduction.  As with any MEFCU deposit account, IRA deposits are insured up to $500,000.

Take a step toward freedom during retirement today!


The Traditional IRA allows you to defer taxes on your earnings until they are withdrawn. Think of it as a tax-deferred savings plan to keep you financially secure in your retirement years.

  • Contributions may be tax deductible
  • Dividends grow tax-deferred until withdrawn
  • Funds can be used to purchase a first home ($10,000 lifetime maximum)
  • Funds can be used to pay for qualifying education expenses
Plan ahead with your IRA to enjoy retirement to it's fullest!