Roth 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 Roth IRA allows you to make contributions that will not be taxed upon withdrawal. Plus, there are no age-requirement distributions; funds may remain in the account as long as you like.

  • Individuals with qualified income may make non-deductible contributions, regardless of age
  • All withdrawals, including earnings, are tax-free if the account has been open at least 5 years and are used for qualified expenses
  • No requirement to withdraw at any age
  • Contributions can be made at any age, with qualified income
  • Funds can be used to purchase a first home ($10,000 lifetime maximum)
Invest money today and potentially withdraw tax-free in retirement!