Individual Retirement Accounts (IRAs)


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.


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.

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 This IRA offers potential tax deductions on contributions made and earnings are tax-deferred until they are withdrawn.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 70½. 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 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.
No Mandatory Minimum Distributions are required on these IRAs.




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


Share Certificates

EFCU Share Certificates are a great low-risk investment opportunity. We offer Share Certificates with maturity dates ranging from 1 month to 30 months.




Education & Advice

If you are seeking guidance, visit our Investments page to learn how EGLIN FINANCIAL SERVICES can be of assistance.
get investment advice
Check out Retirement Central®, a free service that provides information and educational articles on investing and saving for retirement.
visit Retirement Central