Mobiloil Credit Union

IRAs

Share Certificates, at a variety of available terms, allow you to earn a higher dividend rate than the share savings account or money management account. Certificates are a great way to save for the future. They are an insured, sound investment.

Share Certificates and IRA Certificates

  • Terms range from three months to 5 years
  • Minimum deposit to open is $1,000.00
  • Dividends paid monthly
  • Dividends can be compounded or transferred to a different credit union account (age requirements apply for IRA dividend disbursal)
  • Click here for current rates
  • Penalties may apply for early withdrawals

Individual Retirement Accounts (IRA)

TRADITIONAL IRA – Offers tax-deferred earnings and the possibility for tax-deductible contributions.

ROTH IRA – Contributions are not tax-deductible, however, money in your Roth IRA including earnings can be withdrawn tax-free when you meet plan provisions.

EDUCATION IRA – Allows a non-deductible $2,000.00 annual contribution per child to accumulate tax-free for educational purposes (income limits apply).

SEP (Simplified Employee Pension) – Plan helps the self-employed individual and the owner of a small business save for retirement for themselves and their employees.

Your IRA funds at Mobiloil Federal Credit Union are federally insured separately for up to a maximum of $250,000 by the National Credit Union Administration (NCUA).

Click here for current rates.

Have a question? Contact us online, give us a call at 409.892.1111, Toll Free at 800.892.1111 or stop by a location close to you for any questions you may have. We’re here to help.