Online Banking
We can help you get started.
What options do you have?
We offer both Traditional and Roth IRA’s. Each has specific tax benefits. We want you to choose based on your goals and needs.
How can you save with an IRA?
Our IRA’s offer very competitive rates that are a great option for rolling over an old 401k from a previous employer or a pension plan that is transitioning.
- Tax-advantaged retirement savings*
- Competitive dividends above standard savings
- Choose traditional or Roth
- No setup fees
- No monthly or annual maintenance fees
- Federally insured by NCUA up to $250,000
- $7,000 maximum annual contribution
- Additional $1,000 "catch-up" contribution allowed for ages 50+
- Funds can be used to purchase CDs within IRA
Compare your options
Traditional IRA
- No income limit to open
- No minimum contribution requirement
- Contributions are tax deductible on state and federal income tax*
- Earnings are tax deferred until withdrawal
- Withdrawals can begin at age 59½
- Early withdrawals subject to penalty**
- Mandatory withdrawals at age 70½
Roth IRA
- Eligibility depends on income limits
- Contributions are NOT tax deductible
- Earnings are 100% tax free at withdrawal*
- Principal contributions can be withdrawn without penalty*
- Withdrawals on dividends can begin at age 59½
- Early withdrawals on earnings subject to penalty*
- No mandatory distribution age
- No age limit on making contributions as long as you have earned income
A2A Transfers
With Account-to-Account services, you can transfer your funds from your Meijer Credit Union Account to other financial institutions.
Mobile Banking
Use our free Mobile Banking to check account balances, make transfers between accounts, pay bills, and more.
eStatement
View your statements electronically through It’s Me 24/7 online banking. Conveniently retrieve your statements quickly and more securely than email.
Online Banking
Take advantage of free Online Banking to check account balances, transfer funds between accounts, pay bills, and more.
| Product | Minimum Balance Required to Earn Dividends | APR | APY |
|---|---|---|---|
| IRA Share Account | $0.01+ | 1.98% | 2.00% |
| Roth IRA Share Account | $0.01+ | 0.10% | 0.10% |
*APR = Annual Percentage Rate. APY= Annual Percentage Yield. All rates subject to change without notice; fees may reduce earnings on savings & checking. | |||
| Term | APR | APY |
|---|---|---|
| 6 Months | 4.425% | 4.50% |
| 12 Months | 3.94% | 4.00% |
| 18 Months | 3.70% | 3.75% |
| 24 Months | 3.60% | 3.65% |
| 30 Months | 3.21% | 3.25% |
| 36 Months | 3.45% | 3.50% |
| 48 Months | 3.21% | 3.25% |
| 60 Months | 3.21% | 3.25% |
Disclosures
*Subject to some minimal conditions. Consult a tax advisor.
**Certain exceptions apply, such as healthcare, purchasing first home, etc.
