MSUFCU Routing Number: 272479663
MSUFCU SWIFT Code: MSUCUS44

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MSU Federal Credit Union | 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.

 

Important Information: New Rules Impacting IRA Rollovers in Effect Beginning January 1, 2015

 

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

 

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A Roth IRA gives you the ability to invest your after-tax dollars today and take qualifying withdrawals tax free after five years on deposit and if you are at least age 59½, disabled, or are a first-time home buyer. Contributions may be made at any age, as long as you have earned income.

 

Tax Year Contribution Limits1
2014 $5,500  ($6,500 for catch-up contributors age 50 and over)
2015 $5,500  ($6,500 for catch-up contributors age 50 and over)

 

Open a Roth IRA


Open a Roth IRA at any MSUFCU branch, or visit our IRA Service Center by clicking the button below.

 

1Contributions to your Roth IRA may be limited by your filing status and income. Be sure to discuss your specific tax situation with your tax advisor.



A Health Savings Account, or HSA, is an IRA-like account that is designed exclusively for covering medical expenses incurred by the person who establishes the account and his or her dependents.

 

In order for HSA assets to retain their tax-free status, they may only be withdrawn and used for certain expenses.1 These expenses include: most medical, dental and vision care, premiums for long-term care insurance, health insurance when unemployed, and certain health insurance premiums after age 65.  Funds used for non-medical expenses after age 65 are treated as taxable income.

 

HSA Options


HSA Certificate

Choose an HSA Certificate to maximize the growth of your HSA. Terms range from 3 months to 5 years. The One-Year Add-On HSA Certificate can be opened with as little as $50.00 and may be added to at anytime, making this a great option for payroll deduction. HSA Certificates allow for one withdrawal before the maturity date without an early withdrawal penalty. If you will be making more frequent withdrawals, we recommend the HSA IMMA for greater flexibility.

 

HSA IMMA
The HSA Insured Money Management Account, or HSA IMMA, is a variable rate savings that offers a tiered rate of return based on the daily balance. Minimum initial deposit is only $50 and you may make additional deposits for any amount and at any time. Electronic transfers are limited to 6 per month according to federal Regulation D and there are no limits to the amount of times you may access funds in person at one of our branch locations. This account can also provide overdraft protection for your HSA Checking.

 

HSA Checking
MSUFCU HSA Checking Visa Debit CardEnjoy immediate access to your HSA funds with an HSA Checking. Write a check or use your HSA Visa Debit Card to pay for doctor's co-pay, office visits, prescriptions, etc. and the funds will come directly from your HSA Checking. There are no monthly service fees and no minimum balance. Manage your HSA Checking 24/7 via ComputerLine, the MSUFCU Mobile app, or MoneyLine, and sign up for monthly eStatements for added convenience and account security. Pair your HSA Checking with our Bill Payment feature for added flexibility. Set up payments in Computerline to come from your HSA Checking automatically or as needed for FREE.

 

Contribution Limits

Tax Year Self Only Family
2014 $3,300 $6,550
2015 $3,350 $6,650

 

Open Your HSA


Stop by any MSUFCU branch or visit our online HSA Service Center to open your Health Savings Account, HSA Certificate, IMMA, or HSA Checking.

 

 

1Be sure to discuss your specific tax situation with your tax advisor.