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Routing Number: 272479663
Swift Code: MSUCUS44
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MSUFCU | Personal | IRAs & HSAs

Individual Retirement Accounts (IRAs)


MSUFCU has the long-term savings options to help you save for retirement, higher-learning, or health care expenses. View current dividend rates.


Coverdell Educational Savings Accounts, Health Savings Accounts, Traditional IRAs, Roth IRAs, and SEP Plan IRAs are insured for an additional $250,000.


Rolling over your IRA is perfect when changing jobs or for keeping your retirement savings on track. An MSUFCU IRA is a great way to ensure your funds are invested to your tax benefit, whether the funds are with a Traditional or Roth.


Direct Rollover

Direct Rollover is a qualified retirement plan or tax-sheltered annuity distribution that is sent directly from the plan administrator to an IRA. Funds moved to an IRA via a direct rollover are not subject to federal income tax withholding.


Indirect Rollover

An IRA owner may withdraw funds from an IRA once in a 12-month period and pay no tax or IRS penalties provided the funds are rolled over to a similar plan within 60 days.



A Direct Transfer is a movement of IRA funds from an existing IRA (this includes an Accumulation, Rollover, Spousal, or SEP Plan) to a like plan. A Direct Transfer can only be made between IRA custodians or trustees. There are no limitations to the number of times that an IRA owner may initiate a Direct Transfer and there are no tax implications when transferring funds between financial institutions.


Move Your IRA to MSUFCU

Complete the IRA forms via our online IRA Service Center, visit an MSUFCU branch, or call 517-333-2424 or 800-678-4968 to learn more about moving your IRA to MSUFCU.

Legislative changes to Michigan’s income tax withholding laws became effective on January 1, 2012. As an IRA holder, you may be affected by these laws. 


The Michigan Income Tax Act is requiring taxpayers, who are legal residents of Michigan and are born on or after January 1, 1946, to withhold 4.25% of all Traditional and Roth IRA withdrawals for the purpose of state income tax. As the custodian of your IRA, the MSUFCU is required by law to send these funds to the State of Michigan.


If you are eligible to have a withholding rate other than 4.25% withheld or you elect not to have state income tax withheld on your IRA disbursements, you will be required to complete form MI W-4P and return it to the Credit Union in advance of the withdrawals. For more detailed information, visit the Michigan Department of Treasury 2012 Pensions Withholding Guide. An updated version of the MI W-4P can be found here.


You may qualify for personal exemptions that would reduce the amount required to be withheld. In addition, you may elect not to have state income tax withheld from your distributions and may choose to make estimated tax payments. There may be penalties for not paying enough state income tax during the year, either through withholding or estimated tax payments. Please consult the advice of a professional tax consultant to determine your options.