Individual Retirement Account (IRA)
You’ve earned the right to enjoy a great retirement. Start saving for it today with special tax advantages2.
Earn More
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.
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Principal contributions can be withdrawn without penalty4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
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The feeling of being part of a family. Every time I walk in or drive up I feel I am… read moreThe feeling of being part of a family. Every time I walk in or drive up I feel I am addressed by a friend, by people who care. Thank you. read less
Dennis Page11/27/2021I went to get a new card issued and Mara is amazing. Great service and polite what a great employee…. read moreI went to get a new card issued and Mara is amazing. Great service and polite what a great employee. Thank You! read less
Timothy Dore9/22/2021On more than one occasion the employees have gone above and beyond to help solve a problem with us. … read moreOn more than one occasion the employees have gone above and beyond to help solve a problem with us. Adam Summers and Mindy Mulligan are extremely professional and care about the customers. read less
Kim Katz5/11/2021 -
I enjoy banking here. I don’t feel as though they are “out to get me” as one might expect… read moreI enjoy banking here. I don’t feel as though they are “out to get me” as one might expect from a larger bank. It seems more like a mutually beneficial relationship with this credit union and they have a reasonable amount of locations/partner branches. read less
Tyler12/30/2020The first and most important thing I would say is that this Branch seems to have wonderful people, who are… read moreThe first and most important thing I would say is that this Branch seems to have wonderful people, who are courteous, and on top of things. A young lady who simply goes by “K” helped me in the Drive-Thru, and even though she only sees me once a month, she always remembers me, and she asks about my medical condition, and wishes me well every time. People always complain when things are wrong but when someone is considerate, and diligent and concise at what they do it needs to be mentioned as well. Thank you “K” ! I used this branch for the first time a couple months ago. I went there because my credit union has a inter branch cooperation that lets you use other credit unions to do your banking. The reason I can’t go to my branch is because they’re only in Colorado Springs. I’m up in Denver because my doctor is here, and also there is a volunteer house that keeps me isolated, so I don’t catch covid. Having lupus I am at more risk. I mention all this because through a hospitals error in Colorado Springs, and a bad doctor in Denver, I lost an eye and my other one was damaged as well. I was having all kinds of problems trying to fill out stuff as this was a new condition. K was wonderful to me and helped me figure out everything, and showed me how to make things easier in the future. This is an old company email, so I’m signing it so people who helped me will know who I am.Thank you!Charles read less
Jeff Beck12/02/2020Always easy to work with!
Bruce Murphy11/22/2020 -
Good and very awesome bank for the brave men and women that serve colorado state.
DamianFranklin Okolie11/19/2020Love RMLEFCU! They lent me money to buy a car when I went to Corrections Training Academy. And they… read moreLove RMLEFCU! They lent me money to buy a car when I went to Corrections Training Academy. And they had a GREAT program for Denver Sheriff too.Love their phone associates, ALWAYS FIX ANY ISSUES.GREAT CREDIT CARD!They lent me 20k which I used to pay Drs., 5 surgeries, & non surgical decompression.My payment was $400/mo. After I left Sheriff Dept. Ruth worked with me and lowered the payment to $150/mo. It’s down to 5k.As I read reviews about toxic work environment from employees, I have seen for myself the toxicity.I was told that Aurora c9mplainef & I have not been there in weeks. Lying destroys trust. If they loe about 1 thing, what else do they lie about?Moving read less
Cami Kurz10/22/2020Love this credit union staff is patient and professional.
Alysia Johnson10/22/2020 -
I have been banking here for close to twenty years and will remain a customer even living out of state.You… read moreI have been banking here for close to twenty years and will remain a customer even living out of state.You can not beat the service this bank gives you. Their employees are courteous and will bend over backwards to assist you.My thanks to all of them and my holiday wishes go out to all of you at RMLEFCU!!!!!Thank you! read less
Patrick Bouhana10/22/2020Loan officer, initials E.R. was the 2nd RMLEFCU employee assisting me with several scenerios, giving me a new reality of… read moreLoan officer, initials E.R. was the 2nd RMLEFCU employee assisting me with several scenerios, giving me a new reality of people possessing a genuinely good heart, are unforseen blessings/angels and always present when needed most! read less
Anthonetta Stewart10/22/2020Been a member since 1972 when it was known as The Denver Police Federal Credit union. Truly banking made… read moreBeen a member since 1972 when it was known as The Denver Police Federal Credit union. Truly banking made easy. Only banking facility I use. With all the options you have in today’s world, you have to be good. They are great! read less
Mike Stack10/22/2020 -
The staff is the greatest. They make your experience there wonderful. Best financial institution I’ve ever been… read moreThe staff is the greatest. They make your experience there wonderful. Best financial institution I’ve ever been associated with. read less
Dennis Page12/27/2019I like the staff there, very professional.
LARRY E EVANS10/22/2019Awesome great bank!
Jonn Fuller10/22/2019 -
Always friendly and very helpful stuff. I will be move feom Colorado back to Missouri and have no intention of… read moreAlways friendly and very helpful stuff. I will be move feom Colorado back to Missouri and have no intention of leaving the RMLEFCU read less
Amber Fisher10/22/2019Awesome customer service and super fast results with any disputes!
Alyshia Sauer10/22/2019
Excellent service and customer care. RMLEFCU offers wonderful member benefits and a personal touch to everything. I've enjoyed… read moreExcellent service and customer care. RMLEFCU offers wonderful member benefits and a personal touch to everything. I've enjoyed working with them closely for the past 14 years. read less 
David P.5/14/2019 - The staff at RMLEFCU are almost always extremely courteous and helpful. They have one employee Patrick who,… read moreThe staff at RMLEFCU are almost always extremely courteous and helpful. They have one employee Patrick who, although very knowledgeable, gets impatient when I ask a lot of questions over the phone. His tone changes from upbeat and happy to one of annoyance. I ask a lot of questions because, unlike him, I am unfamiliar with all the workings and options with my accounts. He just needs to slow down and explain things to me in a patient manner and be aware that not all of us "get" all the issues. He needs to be aware that his tone of voice does convey his impatience. I have nothing but good things to say about the rest of the staff! read less
Mary C.4/04/2019This bank takes better care of me and my kids then any other bank ever has. They actually CARE about… read moreThis bank takes better care of me and my kids then any other bank ever has. They actually CARE about their members. read less
Patty Beyer10/22/2018Always the most friendly and professional, also knowledgeable and ready to serve your needs. Wouldn’t trust anyone else with my… read moreAlways the most friendly and professional, also knowledgeable and ready to serve your needs. Wouldn’t trust anyone else with my banking needs. read less
Sidney Revilla10/22/2018 -
Very professional and accommodating. Staff was very knowledgeable and helpful.
Curtis Bartholomew10/22/2018Hands down the best banking experience ever.They know me when i walk in.They have many programs and are extremely knowledgeable.
Jerry steely10/22/2018I have not been with RMLEFCU very long but I couldn’t be happier–My family has been dealt a rough… read moreI have not been with RMLEFCU very long but I couldn’t be happier–My family has been dealt a rough hand the last few months causing us to have some financial strain with the travel and medical expense. They have been nothing but understanding and helpful, going above and beyond to help us stay on track and never ending a call without making sure to offer me reassurance reminding me that things will get better and they are there if I need anything—This is a rare blessing and MUCH appreciated! We are very blessed to have found RMLEFCU and so grateful to have them for our financial and banking needs!! Special thank you to Tina and Austin who have truly helped me keep it together when I was losing hope! 🙂 read less
Anna Utley10/22/2018 -
I have been a member with RMLEFCU for over 15 years. Anytime an issue has come up with my account,… read moreI have been a member with RMLEFCU for over 15 years. Anytime an issue has come up with my account, they are quick to address the problem and make it right. This is why I continue my membership even though I live out of state. Their on line banking makes it very convenient. read less
Christy Odum10/22/2018I have been banking here since I was 15 years old. I have always received great service and support.
Ted McCreary10/22/2018Incredible staff at this facility. Stephanie was amazing! Thank you for your great service.
Destiny Muniz10/22/2018 -
I’ve been banking here since 2004. The staff has always been more then willing to help. Even though some ruff… read moreI’ve been banking here since 2004. The staff has always been more then willing to help. Even though some ruff patches. Thank youRMLFCU read less
R Barela10/22/2018Teller Steph is awesome!!
Shellie ChavezY10/22/2018Everyone is very helpful and friendly. Amazing people working here. They have great accounts for different purposes. Love this place… read moreEveryone is very helpful and friendly. Amazing people working here. They have great accounts for different purposes. Love this place won’t change to any other place. read less
Milagros Fabela10/22/2018