MCU ONLINE LOGIN LOGIN Forgot Username | Forgot Password New User Registration Home Personal E-Services Loans Resources About Us Home > Individual Retirement Accounts Individual Retirement Accounts A variable IRA deposit account earns high competitive rates. You can contribute to a Variable IRA in a lump sum, through payroll deduction or regular payments throughout the year. A long term, low risk alternative is our IRA Certificates of Deposit. Various terms and rates are available to meet your financial needs. You can commit all of your investment to one or split your IRA funds between our long or short-term options. These plans provide the means for you to direct your own retirement program to achieve your immediate or long-term savings goals. Roth IRA The Roth IRA allows you to withdraw your earnings with no IRS penalties if the IRA has met the five- year waiting period and the distribution is qualified. There is no requirement for withdrawals on this account. Simply let your money grow tax-free for as long as you like. For more information about Roth IRA's check out our electronic brochures: Roth IRAs: Answers to Your Questions Traditional IRA Contributions may be tax deductible and your earnings grow tax deferred allowing you to save quickly for retirement. Withdrawals are permitted at age 59.5 with IRS tax penalties and are required at age 70.5. For more information about Traditional IRA's check out our electronic brochures: Traditional IRA's: Answers to Your Questions Coverdell Education IRA Be prepared for college and beyond by investing up to $2,000 for each child under age 18. Though the contribution is not tax deductible, the benefit comes when you remove the money. If it is used for qualified education expenses - you pay no taxes on it. For more information about Coverdell Education IRA's check out our electronic brochures: Coverdell ESAs: Answers to Your Questions Go to top Connect with us: HOME | RATES | ATM LOCATIONS | CONTACT US | FAQs | DISCLOSURES | FORMS Privacy Policy | USA PATRIOT ACT | ADA Accessibility Statement | Complaint Notice | Routing and Transit Number: 313084124 MAIN BRANCH: 7789 Southwest Freeway, Suite 175 • Houston, Texas 77074 • 713.778.6300 • Fax 713.778.6360 Your savings is federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. *APR = The Annual Percentage Rates are subject to change without notice. Credit criteria and restrictions apply. © 2021 Memorial Credit Union