Effective 3/18/20, our branches are closed. Our Tech Square branch is available by appointment for emergency transactions Monday – Friday 10 am – 2 pm. Please call 617-253-2845 for an appointment. Please visit MITFCU.ORG/COVID19 for more information.

News & Events

 

News(updated 3/27/2020)

As of March 19, 2020 our branches will be closed until further notice due to COVID-19. Our Tech Square branch is available by appointment only, weekdays 10 am - 2 pm. Please call to schedule an appointment, 617-253-2845.

For full updates, please visit the Pandemic Response Page link below.

Pandemic Response Page

Online access to accounts is available 24/7 for your convenience. 

Online Banking | Mobile Banking | Bill Pay | Remote Deposit | Apply for a Loan | Open an Account

 

MIT FCU member support during COVID-19 Pandemic

We are currently offering a number of ways to support our members experiencing financial hardship due to COVID-19 (Coronavirus) including a No Fee Skip-a-Pay program, and a special Emergency Fund Loan. To find out more about these two options, please visit our support page. We have staff standing by to assist.

To ensure the health and safety of our employees and members, as well as mitigate the spread of infection, we have closed our branch locations. Meetings are available by appointment at our Tech Square branch, weekdays, between 10 am and 2 pm on a case by case basis. To ensure the safety and health of our staff and our members, we are limiting these appointments to those transactions that cannot be performed via online banking or our mobile app. If you have questions or concerns, please call us at 617-253-2845 or email us at mitfcu@mit.edu for more information. 

Rest assured, the safety and security of your membership with the credit union is of utmost importance to us. Through the use of our debit cards, mobile and online banking, and 30,000+ CO-OP Network ATMs nationwide you always have immediate access to your funds. To find a branch or surcharge-fee free ATM near home, on the road or right here in Cambridge, visit  www.mitfcu.org/locator   If you are planning to visit a branch, please call ahead. Many bank and credit union branches are now closed. Additionally, as an MIT FCU member you have access to our 24/7 call center.

On Campus Access

Due to MIT’s decision to have students move off campus our branches are closed until further notice. Thankfully, due to our participation in the larger CO-OP Network, there are numerous surcharge free ATMs available in the area. Most 7 Elevens provide access to these ATMs, as well as the following locations near Kendall Square in Cambridge:

  • 7 Eleven, 600 Tech Square
  • 7 Eleven 750 Mass Ave
  • 7 Eleven 275 Prospect St
  • 7 Eleven 321 Broadway
  • Circle K 14 McGrath Hwy (Somerville)
  • Circle K 5 3rd Street

To find other ATM locations or shared branches, please visit www.mitfcu.org/locator

Issues Making a Payment?

With some companies encouraging unpaid leave, and the additional costs that might arise during this stressful time, we also understand that in some cases, making a loan payment could be a challenge. If you or your family find yourself in that position with a loan from MIT Federal Credit Union, please call us at 617-253-2845. We have multiple options that may be of assistance. We are also offering a no-fee Skip-a-Pay option and a special Emergency Fund loan for those members experiencing pandemic-related financial hardship. Please visit our support page for more information and applications.

We are monitoring all recommendations from the institute and will continue to adjust branch access and procedures as needs arise. Please let us know how we can help.

Read more now at mitfcu.org/covid19

Find out about No Fee Skip a Pay and our Emergency Fund Loan at mitfcu.org/covid19support

Communication being sent regarding Private Education Lines of Credit

If you have a private education line of credit with us, you will be receiving a communication about refunds/disbursements being sent out by some colleges and universities to reimburse for cancelled classes. If you receive a refund and would like to apply the funds to a private education line of credit to lower the overall cost of borrowing, please visit www.uasecho.com to learn more. Further instructions are available in the communications being sent.

 

MIT Federal Credit Union names Rui F. Domingos as President and Chief Executive Officer

Rui-Headshot-website-use.jpg

 

Cambridge, Massachusetts, March 6, 2020—The MIT Federal Credit Union (MIT FCU) Board of Directors are pleased to announce the appointment of Rui F. Domingos to the role of President and CEO, effective April 1, 2020.

Rui F. Domingos joins MITFCU with 29 years of experience in the Credit Union Industry and is passionate about the significance of credit unions in the community. Mr. Domingos, a member focused leader, has an outstanding history of creating highly engaged teams which has been proven by leading results oriented organizational change and by making an impact within his community.  Most recently, Mr. Domingos served as Chief Executive Officer at Naveo Credit Union, a $143 million credit union headquartered in Somerville, MA.  Additionally, he is a member of the Cooperative Credit Union Association Social Responsibility Committee and the Metro Boston Chapter.

“We are delighted to welcome Mr. Domingos to MIT FCU and are confident that he is the right person to build on MITFCU’s momentum.” said David Markuson, Chairman. “He is a leader with strong background of financial, operational and executive management experience who will ensure continued excellence of service to our membership as well as taking MIT FCU to the next level.”

"I am humbled and honored to join this fantastic organization and appreciate the Board of Directors’ confidence in me to lead MIT FCU.” said Mr. Domingos.  “I look forward to working with the credit union's talented team to continue to deliver great value to our members. In addition, I am eager to engage with the MIT community and affiliated organizations to collaborate on initiatives that will improve the financial well-being of the credit union members."

 

Events

There are no events scheduled at this time.