Buffalo Metropolitan Federal Credit Union

Products and Services

IRAs (Individual Retirement Accounts)

Savers traditionally use IRAs (Individual Retirement Accounts) for retirement. Since 1998, two types of IRAs have encouraged people to save for life's other main events. Traditional and Roth IRAs make it possible for you to save for retirement and ESAs (Education Savings Accounts) make it possible to save for a child's postsecondary education. This is how they work:

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Growing Your Savings During Every Stage of Life

Now is the time to save for your future. No matter what stage you're at in life, saving now with an IRA can better prepare you for your future. Whether you are just beginning your career, planning for your family, or approaching retirement, it's never to late to start saving with a Traditional IRA or Roth IRA.  Learn more.

Exploring Your IRA Options

How does a Traditional IRA differ from a Roth IRA? Which one is right for you? Explore what each type of IRA has to offer to get the most out of saving for your retirement. Learn more.

Taking a Closer Look at Eligibility

Before you can contribute to a Traditional IRA or a Roth IRA, you'll first need to determine if you are eligible for either. Although the contribution eligibility requirements differ for each, often the decision depends on your income. Learn more.

Answers to Your Traditional IRA Questions

Are you interested in opening a Traditional IRA, but have some questions? Find the answers here to to help you make a more informed decision on whether a Traditional IRA is right for you. Learn more.

Answers to Your Roth IRA Questions

Are you interested in opening a Roth IRA, but have some questions? Find the answers here to help you make a more informed decision on whether a Roth IRA is right for you. Learn more.

Moving Into a Roth IRA

Converting your Traditional or SIMPLE IRA to a Roth IRA may be a great way to maximize your IRA savings. Discover how easy it is to convert and how it may affect you financially. This may be a move that you'll want to make. Learn more.

Rolling Your Way to a Better Retirement

When it comes to moving your retirement plan money, just roll with it. Perhaps you've changed jobs, recently retired, or just want more control over your money. Rolling over retirement plan assets will not only preserve your tax benefits, but may provide you with additional benefits. Learn more.

Coverdell ESA

Are you interested in opening a Coverdell education savings account for a child but have questions? Find the answers to lead you in the right direction before saving with a Coverdell ESA. Learn more.

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Share Certificates

Banks offer certificates of deposit (CDs); credit unions offer Share Certificates. Put your money to work for you by opening a Share Certificate and earn a higher rate of return! We have many different terms to meet your specific objectives. Terms range from six months to sixty months. The minimum balance for a share certificate is $500.00.

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Insured Security

Your savings are federally insured to at least $250,000.00 by the NCUA (National Credit Union Administration).