Consolidate Your Debt And Save With An MCU Personal Loan!

IRAs are personal retirement savings plans available to anyone who receives taxable compensation during the year. MCU offers two kinds of high-yielding IRA accounts:

  • Traditional IRA: Tax deferred earnings and immediate tax deductions (based on qualifying income levels)
  • Roth IRA: Tax-free withdrawals on money and earnings (after qualifying period)

We offer you the flexibility to choose terms up to 36 months with just a $500 minimum opening deposit. Choosing the right IRA will depend upon your need for either tax-deductible contributions today or tax-free earnings in the future.

The deadline to invest in an IRA for the 2008 tax year is April 15, 2009.*

To learn more, or to open an MCU IRA account, call 212-693-4900 or stop by your local branch

Not a Member? Call 1-866-JOIN-MCU.
You can Join MCU and open your account in the same phone call

* The above examples are for illustration purposes only. The graphs are based on an assumed contribution of $5,000 for 30 years, beginning at age 35, and a 2.60% APR. The annual maximum contribution for 2008 and 2009 is $5,000. If you are age 50 or over, a new ‘catch-up’ provision allows you to contribute even more to your IRA. In 2008 and 2009, individuals age 50 or over can contribute an additional $1,000 into their IRA. The maximum contributions and ‘catch-up’ provisions are automatically included in your results. Consult your tax advisor about deductibility and tax savings.