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.
Make saving for your future a possibility with an MSUFCU IRA Loan. Whether you open a Traditional IRA, which provides tax-deferred growth, or a Roth IRA that offers tax-free qualifying withdrawals, both will be beneficial for retirement. Plus, IRAs can offer great tax advantages!1 Fund your IRA with our IRA Loan today!
Borrow up to the amount deposited to an IRA Certificate at a loan rate 2 percentage points above the rate paid on the MSUFCU Certificate you select.
If your MSUFCU IRA Certificate rate is 1.50% APY, the loan rate for the IRA Loan will be 3.50% APR.
IRA Loan Term:
Term of the Certificate
MSUFCU IRA Loan Amounts:
Maximum: $5,500 ($6,500 for catch-up contributors age 50 and over)
Set Up Your IRA Loan
Call us at 517-333-2222 or 800-678-6967, or stop by any of our branches to set up your IRA Loan today!
1MSUFCU does not offer tax advice. Be sure to discuss your specific tax situation with your tax advisor.
A Traditional IRA allows for tax deferred growth of contributions and earnings to be tax deferred until you withdraw them at retirement, when you may be in a lower tax bracket. Contributions can be made if you are under age 70½ for the tax year that you are contributing and have earned income. Traditional IRA owners must begin taking distributions when he/she is 70½ years of age.
|Tax Year||Contribution Limit|
|2015||$5,500 ($6,500 for catch-up contributors age 50 and over)|
|2016||$5,500 ($6,500 for catch-up contributors age 50 and over)|
Open a Traditional IRA
Open a Traditional IRA at any MSUFCU branch, or visit our IRA Service Center by clicking the button below.