Mercy Health Partners Federal Credit Union

Continuing 50 Years of Service Excellence

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            Savings/Share Accounts 

  •     Your first deposit of $5 entitles you to all credit union benefits
  •     Savings programs are available for all ages

Retirement Accounts (IRA)* 
 

Roth
Best suited if you don't need a tax break now. You can withdraw regular contributions anytime tax-free and penalty-free, and you don't have to take distributions at age 70 1/2.

Traditional
If you want a tax deduction now, or if you think you'll be in a lower tax bracket when you retire.

Coverdell ESA
Best suited to fund a wide range of educational expenses.

*Be sure to check with your financial tax advisor for eligibility and
determination of which account is best for your financial position and if your are eligible.


Club Accounts 
 

Christmas Club Accounts 

  • A "full" account runs from Novemer1st thru 2nd payday in October of following year and may be started/stopped at any time of the year 
  • Accounts earn dividends
  • Only $5 per pay period is the minimum payroll deduction
  • Members with an MHPFCU checking account have a special advantage! Christmas Club funds are directly transferred into your MHPFCU checking account on the 28th of October 
  • Those without an MHPFCU checking account, may pick up a check for their Christmas Club on the 1st Friday in November, at the Annual Employee Craft Show 
  • Get a head start on shopping!
  • The only fee is on withdrawals prior to normal distribution date

Escrow/Personal Accounts

  • You title it. Usually established for periodic expenses, such as taxes, insurance, tuition and vacation.
  •  Payroll deductions will build your account to cover these items and eliminate the stress on your paycheck when the "big ticket" is received.
                                                                          

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