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.

Mass Save Heat Loan

Our Mass Save Heat Loan program, offered in conjunction with MassSAVE™, provides financing for energy efficiency upgrades to your primary residence.

  • Borrow from $500 to $25,000 for your project
  • Flexible terms up to 84 months with no prepayment penalty
  • Use for new furnace/heating systems, windows, insulation, energy efficient hot water heaters and much more
  • MIT Federal Credit Union members pay 0% APR*

Qualified upgrades are identified during a Home Energy Assessment performed by an authorized MassSAVE™ vendor.

* APR = Annual Percentage Rate. Payment example: A loan of $15,000 with a term of 84 months and an APR of 0.00% has an approximate monthly payment of $178.58. Secured by UCC Lien placed on primary residence. A $2,000 loan with a term of 24 months and an APR of 0.00% has an approximate monthly payment of $83.34. Restricted to homeowners of Massachusetts properties only.

^ Cost per thousand borrowed uses terms of 24 and 84 months.

Upgrading your home's energy efficiency with a Mass Save Heat Loan from MITFCU delivers savings to your wallet and for the environment.

  • Low monthly installment payment helps you save money and provides financial stability
  • Promotes eco-friendly, lower fuel consumption and helps you reduce home energy costs