Eglin Federal Credit Union

Individual Retirement Accounts

Eglin Federal Credit Union offers Individual Retirement Accounts (IRAs) that can help assist you in saving for your future. An IRA can be opened with a $5.00 contribution, no maturity date, and no minimum annual contribution. For your convenience, deposits into the IRA can be made by automatic transfer, allotment, or direct deposit. Let Eglin Federal Credit Union roll over your payout of an Employer Sponsored Pension Plan! We also offer the Coverdell Educational Savings Account to help you save for your children or grandchildren’s education expenses.

IRA funds are insured up to $250,000 per depositor by the National Credit Union Administration (NCUA).

If you have any questions, contact our IRA Specialist at 850.862.0111 x.1150 or email to IRA via our Secure Email page.

Traditional IRA

Every wage earner qualifies for this type of IRA. This IRA offers potential tax deductions on contributions made and earnings are tax-deferred until they are withdrawn. Required minimum distributions begin at age 70 ˝. Automatic withdrawals can easily be set up for member’s convenience.

Self employed members and qualified employers and employees can contribute to a type of Traditional IRA called a SEP IRA.

  Roth IRA

A non–deductible IRA that offers tax deferred savings. No Mandatory Minimum Distributions are required on these IRAs.

Click here to view all rates.

  Retirement Central

Retirement Central Retirement Central is a free service that offers retirement planning tools for every life stage and educational resources for many different products and services including; IRAs, ESAs, Employer-Sponsored retirement plans, Social Security, Medicare and Medicaid. You can also complete the forms needed to open an IRA or manage your existing IRA at EFCU.

Give Retirement Central a spin; its free!

Coverdell Education Savings Account

This is a custodial/trust account with a designated beneficiary for the specified purpose of education. Contributions are not tax deductible. Withdrawals can be made at anytime. Upon withdrawal, earnings on your contributions are tax-free provided these are qualified education expenses.


NCUA  We do business in Accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.