What is your ABA/Routing #?
242170316
What are my ATM/Debit card limits?
$200 per day for cash withdrawals.
$500 per day on purchases.
How much is required to open a checking account?
$100.
What number can I call for Online Banking support?
You can call 1-866-270-3624.
This number is toll-free and available 24 hours a day.
What number can I call to report a lost or stolen ATM/Debit card?
You can call the main office at 253-2605 during regular business hours.
You can call 1-877-849-5533.
This number is toll-free and available 24 hours a day.
What is an IRA?
An IRA (Individual Retirement Arrangement) is a trust or custodial account established to hold assets for an individual's retirement.
What types of IRAs does First Federal Bank offer?
Traditional IRA
- Tax deductible contributions
- Tax-deferred earnings
- Taxable distributions
- Required distributions begin at age 70 ½
Roth IRA
- After-tax contributions
- Tax free earnings
- Tax free qualified distributions
- Distributions are NOT required at age 70 ½
Who is eligible to make IRA Contributions?
For a Traditional IRA, anyone under age 70 ½ who earns income may contribute. For a Roth IRA, anyone who has earned income and a modified adjusted gross income below $150,000 (married and filing jointly) or $95,000 (single) may contribute the lesser of $3,000 or 100% of earned income.
How much money may be contributed annually to an IRA?
| Year |
Contribution Limit |
| 2003 - 2004 |
no change |
| 2005 - 2007 |
$4,000 |
| 2008 - beyond |
no change |
May an IRA holder contribute to more than one IRA?
Yes, as long as the total contribution amount does not exceed the annual contribution limit.
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