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Important note: In the aftermath of Hurricane Helene, MIT FCU is here to help. If you have been affected by the storm and need support, please get in touch with Member Services at (781) 423-2022 or email us at info@mitfcu.mit.edu.

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Serving MIT Alumni

MIT FCU is proud to support our MIT Alumni community for their financial needs.

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Serving MIT Alumni.

MIT FCU is proud to serve MIT's worldwide community. Whether you're looking to grow your savings, refinance that student loan, or find an easier way to bank, your alma mater's own financial institution is here to help.

 

 

 

Alumni choose MIT FCU for:

  • Competitive rates and terms
  • A community of MIT alumni
  • Customizable student loans
  • Lifetime membership 

Apply now

 

Supporting your alumni community.

You worked hard to earn your MIT degree, and today, you're part of an amazing alumni community finding ways to make the world a better place. Why not tap into all of the benefits of being part of the MIT global network?

MIT Federal Credit Union proudly offers membership to alumni, their families, and their housemates.

Additionally, when you choose MIT Federal Credit Union as your financial partner, in addition to great rates and products, you support the Alumni Association and its programs, too.

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MIT FCU offers more than just a great rate.

Certificates

Certificates of Deposit (CD) offer a competitive, steady dividend rate for a fixed length of time and are best for money you don't need to access for a while.

  • Dividends that are compounded daily and paid monthly
  • No monthly fees

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Home Equity Lines & Loans

Use the money you've already paid into your home51 for renovations, college tuition, unexpected emergencies, and more. Additionally, refinance an existing home equity loan or line (HEL/HELOC) to get a lower rate, access to more funds, or use funds towards purchasing another house53.

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High Yield Savings

Our High Yield Savings Account can help you achieve your financial goals. If you want easy access to your money at a high-interest rate, a High Yield Savings Account could be a great fit.

  • No monthly maintenance fees
  • $500 minimum balance to earn dividends

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Personal Loans

Avoid putting purchases on high-interest credit cards and discover what a fixed rate and low interest can do for you.

  • Choose between a variety of loan options
  • Borrow up to $50,000
  • Choose from terms between 12 and 60 months

Learn more

 

 

Ready to join?

To open you will need:

  • Social Security number
  • Driver’s license or government ID
  • Current home address
  • Credit card or bank account and routing number to fund your account

Apply now

Note: You’ll need these for any joint owners you’d like to add.

If you don't have a social security number, you can still apply.

Begin with a savings account.

A savings account (called a savings 'share' account) with a $5 minimum balance is required to establish and maintain membership. That $5 represents your ownership share in the Credit Union because once you become an MIT FCU member, you also become an owner.

 

Bank when and where you want.

With mobile and online banking, two convenient branches on campus, access to over 30,000 ATMs, and 5,000 branches nationwide.

Download our highly rated mobile app!4

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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.

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At credit unions, members are owners; we answer to them, not investors. Each member has equal ownership.

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Thanks to the CO-OP branch network, you can access over 30,000 fee-free ATMs and over 5,000 branch locations nationwide.

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Credit unions are not-for-profit cooperatives that give back to their members with great savings rates and lower loan rates.

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Throughout the history of U.S. credit unions, taxpayer funds have never been utilized to rescue a credit union.

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Credit union deposits are insured up to $250,000 by the National Credit Union Administration (NCUA), a federal government agency.