Updated 6/8/20: Our Lincoln Laboratory and Student Center branches remain closed. Our Tech Square branch is open Monday - Friday 8:30 am - 4 pm. Appointments are encouraged. Please call 617-253-2845 for an appointment. Please visit MITFCU.ORG/COVID19Support for more information.

FRAUD ALERT: Fraudsters have been sending out counterfeit cashier’s checks and money orders appearing to be issued by MIT Federal Credit Union. If you received one of these checks in payment for services as a mystery shopper, please do not cash or deposit, and do not send money to the company sending the check! Read more here.

Fuel Assistance Loan

Prepaying your heating bill through a Massachusetts fuel assistance program helps you budget more effectively, and you can receive the financing you need through MIT Federal Credit Union's Fuel Assistance Loan.

  • Fixed 6.50% APR* provides predictability in your monthly payments
  • Terms available up to 12 months
  • Loan amounts available up to $3,500
  • Checks are made directly to the utility/fuel company, or to reimburse funds used to purchase wood pellets, pellet stoves, cord wood, or wood stoves
  • Only one Fuel Assistance Loan is allowed at a time

*APR=Annual Percentage Rate. Payment example: A loan of $3,500 with a term of 12 months and an APR of 6.50% has an approximate monthly payment of $302.05.

Fuel Assistance Loans provide the ideal financial bridge for MITFCU members who want more predictable home energy payments.

  • Low monthly installment payment
  • Promotes financial stability and financial planning