Savings

Easy, Flexible, and Secure

Membership with Metro Medical Credit Union starts when you open a Regular Savings Account by making an initial deposit of just $25.

Key Features of Your Savings Account:

• Earn Interest

  • You’ll earn a competitive interest rate, paid every quarter based on your average daily balance.

• Low Daily Balance

  • Keep your account active with a minimum daily balance of $25.

• Easy Withdrawals

  • Visit our branch, CO-OP Shared Branch, or use an ATM

  • Make up to 6 free withdrawals per month (see Fee Schedule for Excess Savings Withdrawal fee)

• 24/7 Access

  • Online Banking

  • Mobile Banking App

  • M.A.R.T.I.N. Telephone Response System

• Account Statements

  • Get free eStatements or

  • Choose paper statements (fees apply*)

• Payroll Deduction

  • Automatically deposit money from your paycheck into your savings

Use Our Savings Calculator to plan your savings goals

*A Paper Statement Fee is assessed to members per statement cycle; ages 18 and over with aggregate deposit balances less than $50,000. eStatements are FREE, log into Virtual Branch to enroll!

Make Holiday Spending Easier with an MMCU Christmas Club Account

MMCU’s Christmas Club account is one of our most popular options! It helps you set aside a little money each month so you’re ready for holiday shopping (or anything else) by the time November rolls around.

Things to know:

• No minimum balance required

• $25,000 deposit limit

• Automatic payout on November 1: Your savings plus the interest you’ve earned will be automatically transferred to your regular share savings account

• Start anytime, you don’t need to wait for the new year

• You choose how much to save from each paycheck

  Use the money for anything: holiday gifts, taxes, insurance, travel—you name it

Easily access your funds after Nov. 1

• Use your MMCU debit card

• Visit a branch for a cash withdrawal

• Call us and we’ll mail you a check

• Transfer funds back into your Christmas Club account to begin saving for the upcoming year.

At Metro Medical Credit Union we offer two types of Money Market Accounts, Money Market, and Money Market.

Other features include:

• A competitive dividend rate

• Access through M.A.R.T.I.N., our 24-hour telephone response system

• Deposits at any branch or by mail

Traditional IRA

A Traditional IRA is a smart way to save for your future. You can open and fund one on your own. No employer participation is needed.

• Tax Benefits: Contributions and earnings grow tax-deferred until retirement.

• Access to Funds: You can access your money at any time, but early withdrawals (before age 59½) usually come with a 10% IRS penalty—unless you qualify for an exception, such as:

  • Disability

  • Qualified education expenses

  • Unemployment

  • First-time home purchase

  • Death

  • Taking equal payments over your lifetime

Metro Medical Credit Union IRA Options:

• IRA Share Savings Account

  • Earns interest quarterly

  • Minimum deposit: $25

• IRA Certificates (CDs)

  • Terms from 1 to 5 years

  • Minimum deposit: $1,000

All IRA accounts are insured up to $250,000, separate from your other deposits at the credit union.

Roth IRA

A Roth IRA works a little differently than a Traditional IRA.

• Taxed Upfront: You contribute money that’s already been taxed.

• Tax-Free Growth: Earnings are tax-free if the account has been open for 5 years and withdrawals are made for a qualified reason, such as:

  • Reaching age 59½

  • Disability

  • Death

  • First-time home purchase

Your contributions still grow tax-deferred, just like a Traditional IRA.

Contribution Limits (2025)

• Up to $7,000 per year

• If you're age 50 or older by year-end, you can contribute up to $8,000

Note: Your actual contribution may depend on your income. Be sure to check with your tax professional for specific advice.

Our Regular Savings Certificate, also known as a Certificate of Deposit (CD), lets you save at a fixed interest rate for a set period that fits your financial goals.

CD highlights include:

• Open with as little as $1,000

• Terms range from 6 to 24 months

• Can also be used for IRAs with terms from 1 to 5 years

Benefits:

• Guaranteed, fixed dividend rate for the full term

• Competitive interest rates

The National Credit Union Administration (NCUA) provides insurance coverage of up to at least $250,000 for your Credit Union account(s). To learn more about the type of accounts and the total amounts that the NCUA may insure, visit NCUA.

IRA Accounts are insured up to $250,000 separately from any other deposits you may have at the credit union.