Volunteer opportunities
MIT Federal Credit Union is dedicated to building a board of visionary leaders who share our commitment to delivering exceptional service, innovative financial solutions, and accessible support to our members.
Get involved
At MIT Federal Credit Union, volunteers are the cornerstone of our success, serving on the Supervisory Committee, as Associate Directors, and as Directors. By sharing your skills and dedication, you directly impact our ability to serve MIT and our community.
Our Associate Director program offers individuals a hands-on introduction to the vital work of our volunteers, with opportunities for training and participation in board activities. Many current Board members began their journey as Associate Directors or on the Supervisory Committee, gaining valuable experience along the way. MIT FCU's Board of Directors and Committee Members are volunteers who serve without pay and are responsible for the credit union's general direction and control. Join us in making a meaningful difference.
Volunteer today.
Annual Meeting
TBD, April, 2027
Who we are
Massachusetts Institute of Technology Federal Credit Union (MIT FCU) is a full-service not-for-profit financial institution federally insured by the NCUA, serving MIT and the MIT community since 1940. MIT FCU serves over 35,000 members, including MIT employees, students, alumni, and select MIT-affiliated businesses. Our members can access our highly rated mobile app and online banking systems, 5,000 shared branches, and 30,000 surcharge-free ATMs nationwide.
Learn more about MIT Federal Credit Union
Mission statement
Impact our diverse communities by creating well-being through empowerment and financial opportunities.
Vision statement
Become a trusted partner for all our communities and empower each member to grow, thrive, and achieve.
Core values
- Attentive Care. We put people first, acting with kindness and empathy.
- Uncompromising Integrity. We conduct ourselves ethically and honestly, always.
- Enduring Commitment. We are dedicated to delivering a lasting, positive difference for our employees, members, and communities.
- Creative Collaboration. We embrace an innovative mindset and encourage diversity of thought.
Directors and Associate Directors
MIT FCU's Board of Directors are volunteers that serve without pay and are responsible for the general direction and control of the credit union.
The Board of Directors is responsible for directing and controlling the Credit Union. The Board is responsible for directing the credit union in accordance with the federal or state credit union acts, bylaws, good business practices and other rules and regulations.
Directors should have a willingness to serve the membership, continually learn and be a team player.
Requirements
- Must be a MIT Federal Credit Union member in good standing.
- Commit to approximately eight (8) hours per month, which includes evening meetings
- Serve on Board committees
- Attend one or more educational/informational conferences annually, paid for by MIT FCU
- Additional requirements (PDF)
Application
Please complete the online application and the background check authorization form.
Online background check authorization
If you prefer to submit your application offline, download the application and background check authorization, password-protect them, and send them to nominate@mitfcu.mit.edu. We will contact you once we receive your submission to provide the application password.
Supervisory Committee
The Supervisory Committee meets monthly via Zoom. Other time commitments include on-site strategy sessions, an annual meeting, and other occasional gatherings. Members are required toreview policies, reports, and audits in preparation for monthly meetings. Members are also encouraged to attend an annual off-site training, with expenses paid, at locations across the United States to ensure the committee has access to industry trends and best practices.
MIT FCU's Committee Members are volunteers that serve without pay and are responsible for the general direction and control of the credit union.
Requirements
- Must be a MIT Federal Credit Union member in good standing.
- Supervisory Committee Members should possess integrity, be willing to articulate their views openly, be able to work productively with others, and have the ability and willingness to commit the time and effort required to fulfill their responsibilities as a Supervisory Committee Member.
- A willingness to ask questions and challenge management and the external auditors within the appropriate governance context.
- Volunteers are asked for a two-year minimum commitment
- Additional requirements(PDF)
Application
If you would like to apply or have additional questions, please send an email to sac@mitfcu.mit.edu.
Online background check authorization
If you prefer to submit your application offline, download the application and background check authorization, password-protect them, and send them to nominate@mitfcu.mit.edu. We will contact you once we receive your submission to provide the application password.
Student Volunteer
MIT students are encouraged to apply!
As a Supervisory Committee Associate Member, the Student Volunteer will attend monthly Supervisory Committee meetings (currently remote via Zoom), network with professionals in the field, and gain experience in leading a financial institution. Other commitments include on-site strategy sessions, annual meetings, and occasional gatherings.
As an Associate Member, Student must review policies, reports, and audits in preparation for monthly meetings. Associate Members will attend a yearly off-site training (locations across the United States, expenses paid) to ensure the Supervisory Committee has access to industry trends and best practices. Position is ideal for a freshman, sophomore, or junior seeking opportunities in the financial field.
Requirements
- Must be a current MIT student and MIT Federal Credit Union member in good standing.
- Supervisory Committee Associate Members should possess integrity, be willing to articulate their views openly, work productively with others, and be ready to commit the time and effort required to fulfill their responsibilities as a Supervisory Committee Associate Member.
- A willingness to ask questions, challenge management and external auditors within the appropriate governance context.
- Volunteers are asked for a two-year minimum commitment.
Application
Please reach out to nominate@mitfcu.mit.edu with questions.
The Credit Union Difference
We are not a bank, and that's an advantage for our members. As a credit union member, here's how you benefit.
At credit unions, members are owners; we answer to them, not investors. Each member has equal ownership.
Thanks to the CO-OP branch network, you can access over 30,000 fee-free ATMs and over 5,600 branch locations nationwide.
Credit unions are not-for-profit cooperatives that give back to their members with great savings rates and lower loan rates.
Throughout the history of U.S. credit unions, taxpayer funds have never been utilized to rescue a credit union.
Credit union deposits are insured up to $250,000 by the National Credit Union Administration (NCUA), a federal government agency.
Financial Wellness
MIT FCU's Financial Wellness Blog offers valuable financial tips on credit scores, debt management, budgeting, saving, mortgages, and much more.
The Credit Union Difference: The History of Credit Unions
Learn about the differences between credit unions and banks.
Read more
A History of MIT FCU
MIT FCU got its start in 1940 when Frank Conant established the MIT Employees Federal Credit Union in Building 3.
Who was Frank Conant?
In 1940, Frank Conant, the Director of the MIT Graphic Arts Department, took a leap of faith that would impact the financial lives of thousands in the MIT community for years to come.
Read more