News & Events
Latest News & Events
Did you receive a new MIT FCU credit card? Please activate it TODAY. All previous credit cards have been deactivated as of 10/10/2019. Learn more here.
Holiday Club Accounts at MIT FCU: On October 15th, we transferred the balance in your Holiday Club account to your savings account.
Nancy Fales named MIT FCU Interim CEO 8/1/2019
Nancy Fales has been appointed as the Interim CEO of MIT FCU. Nancy will be celebrating her 30-year anniversary with the credit union this fall, and she has worked side by side with the Executive Leadership Team to ensure the growth and success of the credit union throughout all those years.
During this period of time, Nancy has led almost all of MIT FCU’s key operational areas – credit and collections, lending, operations, and member services as well as being the backup to the CEO in his absence; she is currently the Senior Vice President, Lending; her banking and institutional knowledge will provide the experience necessary to guide our organization through this time of transition. Under Nancy’s leadership, and with the full support of the Board of Directors, Senior Executive Team, Management Team and staff, we expect it will be “business as always” at the credit union.
We thank Nancy for her willingness to accept this responsibility and fully support her efforts and leadership, as well as those of MIT FCU’s highly capable team. With Nancy as Interim CEO, we look forward to both continuing and enhancing our service to all of the MIT Community.
Brian Ducharme, MIT FCU President/CEO retires 7/31/2019
MIT Federal Credit Union (MIT FCU) announces the retirement of their long standing President and Chief Executive Officer, Brian Ducharme. After 18 years of leading MIT Federal Credit Union (MIT FCU), Brian will be retiring from MIT FCU on August 1st.
Under Brian’s leadership, MIT FCU has grown as a valued resource to one of the world’s most distinguished learning institutions. By “fulfilling the dreams and enriching the lives of others”, MIT FCU has experienced strong growth over the past 18 years, increasing membership from 13,000 to 37,000, and growing assets from $93 million to $570 million and loans from $65 million to $515 million. This growth is a result of delivering value, convenience and savings in service to MIT employees, students, faculty and Alumni as well as the greater Kendall Square Community.
During Brian’s tenure, MIT FCU has evolved to become as innovative as the Community it serves. Through its web, cloud and mobile based services, MIT FCU today delivers an extraordinary member experience across the country and throughout the world. The addition and redesign of its retail branches, a nationwide mortgage program, mobile banking, remote deposit capture and virtual teller machines have helped redefine convenience and service to members, 24/7/365. Recently MIT FCU transitioned its back office operations to Lexington, Massachusetts, a decision that will have a positive operational and financial benefit to MIT FCU for many years to come.
Active in the Credit Union industry, Brian has been elected and invited to be a part of a number of organizations. He has served credit unions in many capacities including being a member of EasCorp’s Supervisory Committee as well as NAFCU’s and CCUA’s Legislative Committees. In 2012, Brian was also elected to the Board of Directors of CU Student Choice and in 2014 appointed as Chair of their Board.
MIT FCU’s Board would like to take this opportunity to thank Brian for his long and dedicated service over the past 18 years. We wish him and his wife Melissa the best in all their future endeavors
11/11/2019: In observance of Veteran's Day, all MIT FCU branches will be closed.