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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.
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FMFCU IRA Accounts Feature:

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


IRA Information for 2015:

  • Contributions for 2014 may be made up until 4/15/2015
  • e-Banking contributions to our variable rate IRA Savings Account only available for 2015 contributions
  • IRA contribution limit for 2014-2015 is $5,500; $6,500 if you are 50 or older

2015 IRA Rollover Rule Change:

  • Effective January 1, 2015, once an IRA owner completes one IRA to IRA Rollover, any subsequent attempts to complete a Rollover will not be allowed for 12 months. If subsequent IRA Funds are removed, it will be reported as a taxable distribution. Click here for additional information.

IRA Bump Certificate

FMFCU’s IRA Bump Certificate offers extra flexibility. This is a 24-month certificate that features a one-time option to "bump" your rate and deposit amount! If you open one today and rates improve in a few months just "bump" your rate to the better, higher rate. You can also make an additional deposit when you bump to take full advantage of this product.Visit IRA Service Center
  • $500 minimum balance for adults, $250 for minors
  • One-time rate upgrade per term
  • One-time additional deposit per term ($500 for adults, $250 for minors)
  • Bump option available each time when the product renews
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