IRA Share Accounts


At MOOG Employees FCU, we want to help you save the money you need for a comfortable future through investing in an Individual Retirement Account. An IRA is a tax-advantaged savings plan built around your individual needs. It’s easy to start, affordable, and can make a world of difference in retirement living.

We offer the following:

Traditional IRAs

Contributions may be tax deductible depending on income levels and existing plans. Contributions may be made up to $6,000.00 per year including any deposits to a Roth IRA. Catch up contributions of an additional $1,000.00 per year may be made by owners over age 50. Contact the credit union for additional information on limits. Restrictions may apply.

Roth IRAs

Roth IRAs are funded with nondeductible contributions of up to $6,000.00 per year including deposits to a Traditional IRA. Withdrawals of contributions are tax and penalty-free at any time. Earnings accumulate tax deferred and withdrawal of earnings will be tax-free if they meet the conditions of a qualified withdrawal. Catch up contributions of an additional $1,000.00 per year may be made by owners over age 50. Contact the credit union for additional information on limits. Restrictions may apply.

Coverdell Educational IRAs

Can be established for a child under 18 to pay higher education expenses. Contributions can be made up to $2,000.00 per year. Earnings accumulate tax-free and withdrawals will be tax-free if used for educational expenses before the child is age 30.

We also offer share certificates for IRA accounts. A minimum deposit of $1,000.00 is required to open a certificate. Forms must be completed for all contributions and withdrawals must be done in person or via mail. Maximum amount not to exceed $250,000.00.

Rates and terms subject to change without notice.