Welcome, Draper!
Become a member of the Credit Union today.
Who can join?
As a Draper employee, you work for one of our partner associations. That means you, your family, and your friends can become members!
What we offer
Checking & Savings
Manage your day-to-day banking and save for that dream purchase.
- Checking benefits
- Tiered Savings options
- Certificates of Deposit
Lending
Get the financial assistance to achieve your long-terms goals.
- Personal Loans
- Auto Loans
- Student Loans
Home Loans
Everything from buying your first home to refinancing your equity.
- Mortgages
- Home Equity Loans & Lines of Credit
The Draper Personal Loan - Exclusive to Draper Employees
Build your credit, start saving, and develop long term plans for a financially healthy future with the signature Draper Personal Loan
- 0.00% APR1
- Terms up to 36 months
- Full-time employees can borrow up to $10,000
- Part-time employees can borrow up to $5,000
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.
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
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.
Benefits for the whole family.
Immediate family such as parents, siblings, children, grandparents, spouses, and those living in your household can become members. This means your loved ones can enjoy the same great rates, personalized service, and financial benefits that you do.
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.
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.
Financial Wellness

The Credit Union Difference: The History of Credit Unions
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