Frequently Asked Questions
The easiest most efficient way to pay your loan is to establish a direct deposit to your account and then have your loan payment automatically transferred on the due date.
Additionally, you can pay your loan at one of our branches, by visiting a shared branch, by online transfer from a checking or savings account, or by mailing in a check to MIT FCU, 70 Westview St. Lexington, MA 02421
No. The credit bureau does not allow us to give out copies of the report. You can request a free copy of your credit report by visiting AnnualCreditReport.com.
In order to qualify for a loan with MIT FCU, you must first be a member. However, you can apply for a pre-approval prior to opening your account.
MIT FCU does offer mortgages. View rates and apply for a mortgage.
No, we do not offer business loans as an ongoing product, but this is a forthcoming product. Please keep checking back with us for more information.
MIT Federal Credit Union's private Student Loans help bridge the gap for undergraduate and graduate students who have already tapped public funding sources. We also offer refinancing for existing student loans. Visit our student loan page to learn more and apply.
To apply for a loan simply visit our website and click on Open Account/Loan, visit a branch or call 781-423-2022.
Simply apply online for speedy approval. (Attach links)
A signature loan is a loan without material collateral such as a car or home. The maximum amount you can borrow is $25,000. You can use this loan for just about any purpose. Click here to apply online for a signature loan.
MIT FCU offers, personal, new and used automobile loans, recreational vehicle, mortgages, and home equity loans.
Because the federal government requires that each of the three national credit-reporting agencies—Experian, Equifax, and TransUnion—gives you a free credit report every year, consider staggering the receipt of each of your credit reports. That way, you'll get a continuous picture of how your credit picture looks, because the three bureaus feed each other the latest information. You’ll also be able to clean up errors as you find them (because errors can drag down a credit score) and you'll also keep an eye on identity theft.
To get a free copy of your credit report, visit AnnualCreditReport.com.
The federal government requires that each of the three national credit-reporting agencies—Experian, Equifax, and TransUnion—gives you a free credit report every year. You can request a free copy of your credit report by visiting AnnualCreditReport.com.
According to the Federal Trade Commission, the only authorized online source is at annualcreditreport.com. Consumers should be aware that there are many sites out there that claim to offer “free” credit reports but often charge you for another product if you accept the report.
To request your credit report by phone, call (877) 322–8228. To request your credit report by mail, write to Annual Credit Report Request Service, P.O. Box 105281, Atlanta, GA 30348-5281. Do not contact the individual credit-reporting agencies.