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Individual Retirement Accounts (IRAs)

IRAs are a wise choice for retirement savings and a great addition to your retirement saving strategy. Whether you're opening a new IRA, or you have a rollover from another plan, we have a retirement account that will fit your needs.

FMFCU IRA accounts feature:

  • No set-up or annual maintenance fees
  • $5 minimum to open
  • Convenient deposits through payroll deduction
  • IRA Certificates with terms from 3 months to 10 years
  • Jumbo Certificates available
  • Variable rate IRAs with no term
  • Competitive Rates
  • IRAs are insured up to $250,000 by the National Credit Union Administration (NCUA)

Traditional IRA

Save taxes today: Your annual contributions are tax-deductible, depending on how much money you earn, your marital status, and whether you participate in a retirement plan at work.

Roth IRA

Save taxes tomorrow: Your annual contributions are not tax-deductible, but when you retire, your withdrawals are tax-free.

Simplified Employee Pension (SEP)

A retirement plan for employers and the self-employed, the SEP features all the advantages of a traditional IRA with higher contribution limits and no upper age limit for participants.
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