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New Members can earn
up to $125!*

New members earn when joining MIT FCU. Become a member and open a checking account with direct deposit and earn $75. Take it a step further and earn $50 when you open any loan!


Open an account today!

Use Promo Code: Promo2023

Open an Account

Why Join MIT Federal Credit Union?

MIT Federal Credit Union was founded in 1940 to provide exceptional banking services for MIT employees. With the guiding philosophy of people helping people, MIT FCU has continued to serve MIT employees, and now students, alumni, faculty, staff, and select Cambridge and Lexington businesses, as part of the greater MIT community, for over 80 years. See our list of eligible companies and groups when you complete the application.

  • We offer many benefits not available at commercial banks.
  • We're a member-owned, non-profit institution (we work for you! Not a bunch of investors.)
  • Save money with competitive rates on a wide range of loan and deposit products
  • You'll have branch and ATM access across the country (6,000 branches and >30,000 ATMs)
  • Checking Accounts include our Smart Money Rewards program
  • Online Banking and Mobile Banking provide convenience at your fingertips
  • Start with a Basic Savings account, and just $5 to start!
  • No membership fees, monthly fees or other commitments
  • Access and manage your finances online with e-Branch or via our mobile app
  • Remember, if you qualify for membership, your family members and housemates do, too!

Join the Credit Union

Apply today

*New members will receive $75 for a Checking account with Direct Deposit. Offer valid on a new checking account with direct deposit. Limit one (1) per NEW member only.

A minimum payroll direct deposit of $250 per month for the first three (3) months is required to qualify. Bank ACH transfers, account-to-account or person-to-person external or internal ACH transfers, verification or trial deposits from financial institutions, ACH transfers using online or mobile systems (i.e. PayPal, Venmo, etc.), mobile check deposits, and cash loads or deposits do not qualify as payroll direct deposit. Payroll Direct Deposit must be added to checking account within 30 days of opening. $75 payment will be made within 30 days of first direct deposit.

Members who qualify for the Checking account promotion can earn $50 upon open of new loan of any type. Limit one (1) offer per unique member. Restrictions and limitation apply. Membership, checking account, and loans are subject to approval. $50 payment will be made within 30 days of loan opening. Promotion cannot be combined with other offers, rates, or discounts.

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