At MECE Credit Union, we realize that financial security for the future is something everyone must consider. We offer Traditional Individual Retirement Accounts (IRA) and Roth IRAs to help you invest for the future.
The IRS has recently increased IRA contribution limits, so you can make the most of every hard-earned dollar. Traditional IRA’s help you save for your future while offering IMMEDIATE tax savings benefits. With less income tax being paid, IRA funds earn high rates, and the earnings are tax deferred until the time of withdrawal. MECE Credit Union members may begin to withdraw from Traditional IRAs without penalty at age 59 1/2 and must begin withdrawing at age 70 1/2.
We also offer Roth IRAs to serve your financial needs. Roth IRA owners can withdraw their regular IRA contributions TAX-FREE and PENALTY-FREE at any time. In addition, the Roth IRA offers the benefit of TAX-FREE earnings as long as the withdrawal is a qualified distribution. MECE Credit Union members may begin to withdraw from their Roth IRA earnings tax and penalty-free after the Roth IRA has been opened for five years, and the member has reached the age of 59 1/2.
MECE Credit Union offers a bump-up option on regular and IRA certificates with terms of 24, 36, 48, and 60 months. This allows you to “bump-up” your existing certificate rate to the current rate within the same term, without changing the maturity date of the certificate.