Individual Retirement Account (IRA)

You’ve earned the right to enjoy a great retirement. Start saving for it today with special tax advantages2.

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Yields Up To
0.80 %
APY1

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Member Benefits

Tax Advantages

Open a tax-advantaged retirement savings account with both Traditional and Roth IRA options with a $100 minimum deposit.

Competitive Dividends

Earn competitive dividends above the standard savings rates on balances over $100 with a $6,000 contribution limit per year (as of 2021).

No Maintenance Fees

Set aside money for future savings goals with no setup or maintenance fees and only a $100 minimum to open. Early withdrawals are subject to penalty2.

Enjoy the Benefits

More Features

Tax-advantaged retirement savings2

Earn competitive dividends above standard savings rates on balances over $100

Traditional and Roth IRA options

No setup fees

No monthly or annual maintenance fees

$6,000 contribution limit per year (as of 2020)

Additional $1,000 “catch-up” contribution allowed for ages 50+

Funds can be used to purchase IRA Share Certificates

$100 minimum deposit to open

Choosing the Right IRA

There are advantages to both traditional and Roth IRAs. One of the biggest differences is the time at which you see the most advantage. A traditional IRA provides potential tax relief today, while a Roth IRA has the potential for the most tax benefit at time of retirement.

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Traditional IRA

No income limits to open

No minimum contribution requirement

Contribution limits apply3

Contributions are tax deductible on state and federal income tax4

Earnings are tax deferred until withdrawal (when usually in lower tax bracket)

Withdrawals can begin at age 59 ½

Early withdrawals subject to penalty5

Mandatory withdrawals at age 70 ½

ROTH IRA

Income limits to be eligible to open Roth IRA3

Contribution limits apply3

Contributions are NOT tax deductible

Earnings are 100% tax free at withdrawal4

Principal contributions can be withdrawn without penalty4

Withdrawals on dividends can begin at age 59 ½

Early withdrawals on dividends subject to penalty5

No mandatory distribution age

No age limit on making contributions as long as you have earned income

Member Praise

  • I went to get a new card issued and Mara is amazing. Great service and polite what a great employee…. read more

    Timothy Dore Avatar
    Timothy Dore
    9/22/2021

    On more than one occasion the employees have gone above and beyond to help solve a problem with us. … read more

    Kim Katz Avatar
    Kim Katz
    5/11/2021

    I enjoy banking here. I don’t feel as though they are “out to get me” as one might expect… read more

    Tyler Avatar
    Tyler
    12/30/2020
  • The first and most important thing I would say is that this Branch seems to have wonderful people, who are… read more

    Jeff Beck Avatar
    Jeff Beck
    12/02/2020

    Always easy to work with!

    Bruce Murphy Avatar
    Bruce Murphy
    11/22/2020

    Good and very awesome bank for the brave men and women that serve colorado state.

    DamianFranklin Okolie Avatar
    DamianFranklin Okolie
    11/19/2020
  • Love RMLEFCU! They lent me money to buy a car when I went to Corrections Training Academy. And they… read more

    Cami Kurz Avatar
    Cami Kurz
    10/22/2020

    Love this credit union staff is patient and professional.

    Alysia Johnson Avatar
    Alysia Johnson
    10/22/2020

    I have been banking here for close to twenty years and will remain a customer even living out of state.You… read more

    Patrick Bouhana Avatar
    Patrick Bouhana
    10/22/2020
  • Loan officer, initials E.R. was the 2nd RMLEFCU employee assisting me with several scenerios, giving me a new reality of… read more

    Anthonetta Stewart Avatar
    Anthonetta Stewart
    10/22/2020

    Been a member since 1972 when it was known as The Denver Police Federal Credit union. Truly banking made… read more

    Mike Stack Avatar
    Mike Stack
    10/22/2020

    The staff is the greatest. They make your experience there wonderful. Best financial institution I’ve ever been… read more

    Dennis Page Avatar
    Dennis Page
    12/27/2019
  • I like the staff there, very professional.

    LARRY E EVANS Avatar
    LARRY E EVANS
    10/22/2019

    Awesome great bank!

    Jonn Fuller Avatar
    Jonn Fuller
    10/22/2019

    Always friendly and very helpful stuff. I will be move feom Colorado back to Missouri and have no intention of… read more

    Amber Fisher Avatar
    Amber Fisher
    10/22/2019
  • Awesome customer service and super fast results with any disputes!

    Alyshia Sauer Avatar
    Alyshia Sauer
    10/22/2019

    5 star ratingExcellent service and customer care. RMLEFCU offers wonderful member benefits and a personal touch to everything. I've enjoyed… read more

    David P. Avatar
    David P.
    5/14/2019

    5 star ratingThe staff at RMLEFCU are almost always extremely courteous and helpful. They have one employee Patrick who,… read more

    Mary C. Avatar
    Mary C.
    4/04/2019
  • This bank takes better care of me and my kids then any other bank ever has. They actually CARE about… read more

    Patty Beyer Avatar
    Patty Beyer
    10/22/2018

    Always the most friendly and professional, also knowledgeable and ready to serve your needs. Wouldn’t trust anyone else with my… read more

    Sidney Revilla Avatar
    Sidney Revilla
    10/22/2018

    Very professional and accommodating. Staff was very knowledgeable and helpful.

    Curtis Bartholomew Avatar
    Curtis Bartholomew
    10/22/2018
  • Hands down the best banking experience ever.They know me when i walk in.They have many programs and are extremely knowledgeable.

    Jerry steely Avatar
    Jerry steely
    10/22/2018

    I have not been with RMLEFCU very long but I couldn’t be happier–My family has been dealt a rough… read more

    Anna Utley Avatar
    Anna Utley
    10/22/2018

    I have been a member with RMLEFCU for over 15 years. Anytime an issue has come up with my account,… read more

    Christy Odum Avatar
    Christy Odum
    10/22/2018
  • I have been banking here since I was 15 years old. I have always received great service and support.

    Ted McCreary Avatar
    Ted McCreary
    10/22/2018

    Incredible staff at this facility. Stephanie was amazing! Thank you for your great service.

    Destiny Muniz Avatar
    Destiny Muniz
    10/22/2018

    I’ve been banking here since 2004. The staff has always been more then willing to help. Even though some ruff… read more

    R Barela Avatar
    R Barela
    10/22/2018
  • Teller Steph is awesome!!

    Shellie ChavezY Avatar
    Shellie ChavezY
    10/22/2018

    Everyone is very helpful and friendly. Amazing people working here. They have great accounts for different purposes. Love this place… read more

    Milagros Fabela Avatar
    Milagros Fabela
    10/22/2018

    I’ve been a member of the credit union for 15 years now. There’s always a friendly face greeting you when… read more

    Jay Nice Avatar
    Jay Nice
    10/22/2018

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How Can We Help?

1. APY=Annual Percentage Yield.
2. Consult a tax advisor.
3. 2Refer to the IRS website for current limits.
4. Subject to some minimal conditions. Consult a tax advisor.
5. Certain exceptions apply, such as healthcare, purchasing first home, etc.