Print this Page

MIT FCU Supports Our Community

MIT Federal Credit Union is monitoring updates and guidance provided by the Centers for Disease Control (CDC), the Massachusetts Department of Public Health, and Massachusetts Institute of Technology in making decisions regarding hours, service and special programs/offers.

Branch changes:

  • Face coverings required; for everyone’s safety there will be no exceptions.
  • Open branches are cleaned throughout the day including ATM/VTM machines.
  • Appointments for branch visits are suggested
  • Hand sanitizer and masks are available for members and staff
  • You can help stop the spread of germs by following CDC guidelines

Credit Union Employees:

  • Employees with signs of illness must stay home
  • Employees must keep their hands and workstations clean
  • We practice and require social distancing
  • Company-wide events are held virtually
  • In-person community events and participation cancelled until further notice
  • Elimination of non-essential business/personal travel for employees
  • Decreased number of employees in office to do our part in flattening the curve

Limited Branch Access:

Tech Square Branch – Open by appointment only
Mon - Fri from 8:30 am - 4:30 pm (Branch & ATM).

  • Please book an appointment by calling 617-253-2845.
  • We urge you to complete transactions online or via our VTM/ATM when possible.
  • If you are visiting to use the VTM or ATM machine, please use the door on the 600 Tech Square side.
  • If you are visiting to meet with a team member, please use the rear entrance towards the parking garage. 

Lincoln Lab Branch - Open Tuesdays, 8:30 am - 4:00 pm.

  • We urge you to complete transactions online or via our VTM/ATM when possible.

Student Center Branch - Temporarily Closed


We Are Here To Help

If you are impacted by pandemic-related financial hardship, please consider the following options:

Emergency Loan


  • A loan created to assist those negatively impacted by COVID-19.
  • Maximum loan amount $5,000.
  • 0.0% APR for 60 days.*
  • If loan is not repaid in 60 days, balance will be applied to standard personal loan rate and terms.*
  • Email us today to discuss this option: loans@mitfcu.mit.edu

MIT Employee Financial Assistance


A special program created to support MIT employees.

  • Maximum loan amount $5,000 for active MIT employees.
  • 3.50% APR** for up to 36 months.
  • First payment deferred for 90 days (example: loan funded on 4/30 would have first payment due 7//31)
  • Learn more about our MIT Employee Financial Assistance loan

COVID-19 Related Scams


Pandemic related scams are on the rise

  • Malware-laden emails
  • Requests for fake donations
  • Scammers taking advantage of stimulus checks
  • Misinformation spread through chat groups
  • Malicious trojan coronavirus tracking apps
  • Phony government relief scam texts

Please do not include member, social security and loan numbers in any email.

Just remember, be cautious - Never click on links from texts or emails you weren’t expecting. Be wary of anything that triggers your emotions, good or bad. Avoid clicking on links in WhatsApp or other channels. Only trust reputable sources and if in doubt, verify.

Fraud and Scams

*APR = Annual Percentage Rate. 0.00% APR is for a 60-day loan term with no periodic payments, and one “balloon payment” payment equal to the original balance of the loan on the 60th day. Payment example for a 60-day 0.00% APR term loan is one payment of $1,000 per $1,000 borrowed. No pre-payment penalty. If the loan is not paid in full by the 60th day, the borrower may request that the balance be applied to a personal term loan with no additional credit application. Please see mitfcu.org/rates for available rates and terms. Offer is valid from 3/20/2020 and may be terminated at any time without prior notification.

**APR = Annual Percentage Rate. Payment example for a $5,000 loan with an APR of 3.50% is 36 monthly payments of $146.51. No prepayment penalty. Only one outstanding Employee Assistance Loan is available per membership. This offer is available for a limited time and may be discontinued at any time without notice.

***This is a temporary program to ease hardship and allow members a more stable cash flow during these trying times. This is not a forgiveness of any principal or interest owed on the loan; interest will still accrue during forbearance, principal and interest payments will still eventually be due, and the term of the loan will be extended – possibly greater than the term of skipped payments due to the amortization of interest. This hardship extension can be applied for up to six (6) payments per loan with the Credit Union

Go to main navigation