This page uses JavaScript. Your browser either does not support JavaScript or you have it turned off. To see this page properly please use a JavaScript enabled browser.
Members First CU of Florida Go to main content
Become A Member Apply for a Loan Branches ATMs
Home > Personal > Save With Us > Individual Retirement Accounts

Individual Retirement Accounts


When you’re a part of the Members First family, we work with you to make sure you have the funds you need to retire and enjoy your senior years with peace of mind. One important part of reaching that goal is putting aside money in an Individual Retirement Account (IRA).

About IRAs

An IRA is a tax-advantaged investment account you can use for retirement savings. Contributions to some IRAs may be tax-deductible or withdrawals may be tax-free, depending on the type of IRA you get.

Save For Retirement

IRAs make it easy to put money
away and save for retirement. 
savings may grow faster in an
IRA than in a taxable account.

Cut Your Tax Bill

Contributions to some Individual
Retirement Accounts may
be tax-deductible.


There are a variety of IRA accounts,
each with different benefits, to
choose from. At Members First,
we offer Traditional and Roth IRAs.


Choosing the Right IRA for You 

There is no minimum balance to open an IRA account at Members First, and we offer competitive rates on the 12- and 24-month fixed rate options. Interest is compounded monthly and credited to your account at the end of each month. Your IRA will be automatically renewed every 12 and 24 months at the current rate until maturity*.

Each of these IRAs has unique features, guidelines, and tax implications. We recommend that you talk with your tax advisor to learn more about these options and to decide which one is best for you and your family.


  • Account can be opened at any age
  • Contributions are tax-deductible
  • Interest earned will be tax-deferred — you won’t need to pay those taxes until you withdraw funds
  • Early withdrawal before age 59 ½ may result in a penalty
  • Required to start taking equal payments at age 72

View Rates



  • Not tax-deductible — taxes already taken out of the principal amount when it is contributed
  • Withdraw funds from principal contributions at any time, tax-free
  • Earned interest is not tax-free until age of 59 ½
  • No limit on how long you can contribute to your Roth IRA
  • Not required to take payments at age 72

View Rates


Contact Us

To learn more about your IRA options, please stop by one of our locations or speak with a Call Center Representative at (877) 434-6328 or locally at (850) 434-2211. Our Call Center hours are Monday - Friday from 8:30 a.m. - 4:30 p.m. 







Avoidable Fees

Early withdrawal penalty

  • 90 days worth of interest on the amount withdrawn


*At maturity, there is a 10-day grace period to withdraw funds without being charged a Credit Union penalty. If an early withdrawal is necessary, the Credit Union penalty is 90 days worth of interest on the amount withdrawn.

Dividends calculated by the Average Daily Balance Method. 

All rates are subject to change at the sole discretion of the Board of Directors.****

For further information on all Credit Union deposit accounts, please refer to our Account Disclosures, give us a call at (850) 434-2211, or stop by one of our branch locations.


Go to main navigation
I Want To
I Want To
Loan Center
Loan Center
Credit Cards
Credit Cards
Special Offers
Special Offers
Members First CU of Florida
NMLS #405711
Equal Housing Lender National Credit Union Administration
This Credit Union is federally-insured by the National Credit Union Administration. We do business in accordance with the Fair Housing Law and Equal Opportunity Credit Act.
Members First Credit Union of Florida is not affiliated with Members First Credit Union (Kentucky)

Members First Credit Union of FL is committed to providing a website that is accessible to the widest possible audience in accordance with ADA standards and guidelines. If you are using a screen reader or other auxiliary aid and are having problems using this website, please contact us at 877-434-6328. We are actively working to increase accessibility and usability of our website to everyone. All products and services available on this website are available at all Members First Credit Union of FL branches.


Any external links or websites to alternative sites are not operated by Members First Credit Union of FL. We are not responsible for the content of the alternate site or their accessibility standards.