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IRAs that Support Your Retirement Goals


Individual Retirement Accounts have improved through the years to help meet the needs of savers… and today's IRAs are better than ever! While building savings for retirement, IRAs can be tapped into for special needs such as a first-time home purchase or medical expense… and offer more options for tax planning. Please be sure to always check with your tax advisor regarding IRAs. Matadors Community CU offers:

IRA Savings

  • Only $100 to open

  • No set-up or annual fees

  • Competitive rates

  • Available for Traditional and Roth IRAs

  • PLUS… IRAs are separately insured up to $250,000 by the NCUA. This coverage is in addition to the $250,000 NCUA coverage on your other MCCU deposits.

IRA Certificates

  • Minimum deposit as low as $1,000

  • Choose terms from 3 to 60 months

  • Higher yields than IRA savings accounts

  • No set-up or annual fees

  • Available for Traditional, Roth, and SEP IRAs

Roth IRAs can only receive non-deductible contributions... but when distribution (which is not required with a Roth IRA) begins at retirement (retirement age specified by IRS), it is TAX FREE! And there are other features:

  • After five years, withdrawal of the principal and earned dividends is TAX FREE for those age 59 1/2 or older.

  • Have a pension plan? It doesn't matter! Your Roth distributions will still be TAX FREE when made at retirement (retirement age specified by IRS).

  • PLUS…Roth IRAs offer a variety of penalty-free withdrawal options BEFORE you reach age 59 1/2 (ask your tax advisor for specifics).


Roth/Traditional IRA Contribution Limits

IRA Transfers and Rollovers

If you would like to transfer IRA funds from other institutions to MCCU, or if you have a pension fund ready to mature, we can accommodate you: * Pension Plans and 401K funds usually eligible (see your tax advisor) * NO SET-UP OR ANNUAL FEES!

MCCU Supports Your Retirement Goals!

Whether you want a Traditional IRA, Roth IRA, or need help with a rollover or transfer, MCCU is here to help. Ask your tax advisor for current IRA details and a recommendation for which account is best for you. Then see a MCCU representative for assistance in opening your account. 

Note: While every effort has been made to ensure the accuracy of all material contained on this website, some areas are subject to change based on regulatory interpretation or additional congressional action.

Consult your tax advisor for information regarding IRAs.

How Much Will You Need to Save for a Comfortable Retirement? Use Our Financial Calculators to Find Out.

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