• No income limits to open
• No minimum contribution requirement
• Contributions are tax deductible on state and federal income tax¹
• Earnings are tax deferred until withdrawal (when usually in lower tax bracket)
• Withdrawals can begin at age 59 ½
• Early withdrawals subject to penalty²
• Mandatory withdrawals at age 70 ½

• Income limits to be eligible to open Roth IRA³
• Contributions are NOT tax deductible
• Earnings are 100% tax free at withdrawal*
• Principal contributions can be withdrawn without penalty¹
• Withdrawals on interest can begin at age 59 ½
• Early withdrawals on interest subject to penalty²
• No mandatory distribution age
• No age limit on making contributions as long as you have earned income

• Set aside funds for your child's education
• No setup or annual fee
• Dividends grow tax-free
• Withdrawals are tax-free and penalty-free when used for qualified education expenses⁴
• Designated beneficiary must be under 18 when contributions are made
• To contribute to an ESA, certain income limits apply⁵
• Contributions are not tax deductible
• The money must be withdrawn by the time he or she turns 30⁶
• The ESA may be transferred without penalty to another member of the family
• $5 minimum deposit to open for shares
• $500 minimum deposit to open for certificates

Earn more on your IRA share certificate with our Thank You for Being a Member Program. Just add additional services to earn more. Eligible services are:

• Direct Deposit
• Cash Rewards Checking
• MFCU Mastercard^®
• Money Market Account
• Total deposit of $20,000 or more