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Frequently Asked Questions

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Financial Literacy Questions
How can I establish good credit?
To establish good credit, you need a steady work record and continued residence...    [Read More]
I need help with my budget. What can I do?
As an account holder at MIT FCU, you have access to an automated budgeting tool...    [Read More]
Is it a good idea to cosign a loan?
Cosigners lend their names and good credit histories to the maker. Should the...    [Read More]
Should I borrow money from my 401(k) for emergency cash?
It might be tempting to view your 401(k) as a source of emergency funds, but...    [Read More]
Should I buy or lease a car?
To make this decision, calculate your monthly payments and your total net cost....    [Read More]
What financial records do I need to save-and for how long?
Tax Planning > Record Keeping

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