Routing Number: 263178070

Individual Retirement Accounts (IRAs)

Plan for the Future.

Eglin Federal Credit Union offers Individual Retirement Accounts (IRAs). An IRA can be opened with a $5.00 contribution, no maturity date, and no minimum annual contribution. Deposits into the IRA can be made by automatic transfer, allotment, or direct deposit. We can also rollover your payout of an Employer Sponsored Pension Plan into an IRA.

  • Effective means of gifting money to a minor.
  • Irrevocable custodial account established in a child's name.
  • No monthly service fee.
  • Balances $50 and over earn quarterly dividends.
  • Minor takes possession of the account at age 21.

If you have any questions or you would like to establish an IRA, please contact our IRA Specialist at 850.862.0111 x.1150 or email 'IRAs' via Secure Email.

IRA funds are insured up to $250,000 per depositor by the NCUA.

Traditional IRA

Every wage earner qualifies for this type of IRA. Traditional IRAs offer potential tax deductions on contributions made, earnings are also tax-deferred until they are withdrawn. Required minimum distributions begin at age 70½. Automatic withdrawals can easily be set up for member's convenience. Self employed members and qualified employers and employees are also eligible to contribute to a type of Traditional IRA called a SEP IRA.

If you have any questions or you would like to establish an IRA, please contact our IRA Specialist at 850.862.0111 x.1150 or email 'IRAs' via Secure Email.

IRA funds are insured up to $250,000 per depositor by the NCUA.

Roth IRA

A Roth IRA is a special retirement account where you pay taxes on money going into your account and then all future withdrawals are tax free. Roth IRAs make the most sense if you expect your tax rate to be higher during retirement than your current rate. Another benefit of Roth IRAs is that they do not require Mandatory Minimum Distributions.

If you have any questions or you would like to establish an IRA, please contact our IRA Specialist at 850.862.0111 x.1150 or email 'IRAs' via Secure Email.

IRA funds are insured up to $250,000 per depositor by the NCUA.