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Mass. Institute Of Tech. Federal Credit Union

Eligibility Requirements | Locations (3) | Receive alerts for this credit union

Based on 1 review

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CURRENT TOP RATE

60 Month Jumbo Smart Money Rewards Jumbo IRA (Traditional, Roth)

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	ACCOUNT NAME
1.40%	5-year CD	60 Month CD 2.35% - Synchrony Bank 60 Month CD
0.45%	1-year CD	12 Month CD 1.40% - Synchrony Bank 12 Month CD
0.05%	Savings	Savings Account 1.15% - CIT Bank Spring Savings

View all Mass. Institute Of Tech. Federal Credit Union rates »

Overview / Commentary

617-253-2845

700 Technology Sq
Cambridge, MA 02139-3557

Mass. Institute Of Tech. Federal Credit Union is headquartered in Cambridge and is the 21^st largest credit union in the state of Massachusetts. It is also the 503^rd largest credit union in the nation. It was established in 1940 and as of March of 2017, it had grown to 87 employees and 34,999 members at 3 locations. Mass. Institute Of Tech. Federal Credit Union has a B health rating.

Field of Membership Restrictions

Must be an employee at the MIT Campus, MIT Lincoln Laboratory, Charles Stark Draper Laboratory, Whitehead Institute, The Broad Institute or Bright Horizons Children's Center.
See current membership details

Related Posts

View all posts from:

2008
2006

1/5 - 5.80% 24-Month CD at a Massachusetts CU (MIT).

10/12 - 6.00% 11-Month CD at a Massachusetts CU (MIT FCU)

Reviews (1)

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MITFCU Review

Posted by: James2 | May 29, 2014

The MIT Federal Credit Union is a good but not great banking institution. They do offer mobile banking but it takes a while to get used to. Basically it works but it's not that good. The mobile app is horrible and barely-functioning. In person they are friendly enough but not super nice. They'll answer your questions but don't seem too happy. I've been at banks that have been far more pleasant. Fees are decent and they refund like $8 a month of ATM fees. I wish this was unlimited though and there marketing material implies it is, which is very deceptive.

Comment

2

Health

B

Data as of Q1 2017

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Health Grade Components

Overall
NCUA #	3830
Year Chartered	1940
Employees	87
Primary Regulator

Profit Margin
Return on Assets - YTD	0.66%
Return on Equity - YTD	8.88%
Annual Interest Income	$4.7MM

Assets and Liabilities
Assets	Q1 2017vs Q1 2016	$535.7MM$490.4MM
Loans	Q1 2017vs Q1 2016	$468.2MM$389.0MM
Deposits	Q1 2017vs Q1 2016	$491.9MM$450.3MM
Equity Capital	Q1 2017vs Q1 2016	$39.3MM$36.1MM
Loan Loss Allowance	Q1 2017vs Q1 2016	$995.00K$1.1MM
Unbacked Noncurrent Loans	Q1 2017vs Q1 2016	$4.8MM$3.3MM
Real Estate Owned	Q1 2017vs Q1 2016	$0$0

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Mass. Institute Of Tech. Federal Credit Union Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.25%	$100	-	IRA Savings
0.25%	$100	-	Roth IRA Savings
0.20%	$25k	-	Select Savings Account
0.10%	-	-	Holiday Club Accounts
0.10%	-	-	Vacation Club Accounts
0.05%	$100	-	Savings Account

Mass. Institute Of Tech. Federal Credit Union Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.25%^*	$50k^*	-	Money Market Account
OTHER TIERS: 0.10% → $1k - $10k \| 0.15% → $10k - $50k

Mass. Institute Of Tech. Federal Credit Union Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.20%^*	$100k^*	-	Select Checking
OTHER TIERS: 0.05% → $10k - $25k \| 0.10% → $25k - $50k \| 0.15% → $50k - $100k
0.05%	$2,500	-	Plus Checking

Mass. Institute Of Tech. Federal Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
1.80%	$50k	-	60 Month Jumbo Smart Money Rewards CD
1.65%	$500	-	60 Month Smart Money Rewards CD
1.60%	$50k	-	48 Month Jumbo Smart Money Rewards CD
1.55%	$50k	-	60 Jumbo Month CD
1.45%	$50k	-	36 Month Jumbo Smart Money Rewards CD
1.45%	$500	-	48 Month Smart Money Rewards CD
1.40%	$500	-	60 Month CD
1.35%	$50k	-	48 Jumbo Month CD
1.30%	$50k	-	28 Month Smart Money Rewards Jumbo Jump-Up CD
1.30%	$500	-	36 Month Smart Money Rewards CD
1.20%	$500	-	48 Month CD
1.20%	$50k	-	36 Month Jumbo CD
1.15%	$500	-	28 Month Smart Money Rewards Jump-Up CD
1.10%	$50k	-	24 Month Jumbo Smart Money Rewards CD
1.05%	$500	-	36 Month CD
1.05%	$50k	-	28 Month Jumbo Jump-Up CD
1.00%	$50k	-	16 Month Smart Money Rewards Jumbo Jump-Up CD
1.00%	$50k	-	18 Month Jumbo Smart Money Rewards CD
0.95%	$500	-	24 Month Smart Money Rewards CD
0.90%	$500	-	28 Month Jump-Up CD
0.85%	$50k	-	24 Month Jumbo CD
0.85%	$50k	-	12 Month Jumbo Smart Money Rewards CD
0.85%	$500	-	16 Month Smart Money Rewards Jump-Up CD
0.85%	$500	-	18 Month Smart Money Rewards CD
0.75%	$50k	-	18 Month Jumbo CD
0.75%	$50k	-	16 Month Jumbo Jump-Up CD
0.70%	$500	-	24 Month CD
0.70%	$500	-	12 Month Smart Money Rewards CD
0.60%	$500	-	18 Month CD
0.60%	$500	-	16 Month Jump-Up CD
0.60%	$50k	-	12 Month Jumbo CD
0.45%	$500	-	12 Month CD

Mass. Institute Of Tech. Federal Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
1.90%	$50k	-	60 Month Jumbo Smart Money Rewards Jumbo IRA
1.75%	$500	-	60 Month Smart Money Rewards IRA
1.70%	$50k	-	48 Month Jumbo Smart Money Rewards IRA
1.65%	$50k	-	60 Month Jumbo IRA
1.55%	$50k	-	36 Month Jumbo Smart Money Rewards IRA
1.55%	$500	-	48 Month Smart Money Rewards IRA
1.50%	$500	-	60 Month IRA
1.45%	$50k	-	48 Month Jumbo IRA
1.40%	$50k	-	28 Month Smart Money Rewards Jumbo Jump-Up IRA
1.40%	$500	-	36 Month Smart Money Rewards IRA
1.30%	$500	-	48 Month IRA
1.30%	$50k	-	36 Month Jumbo IRA
1.25%	$500	-	28 Month Smart Money Rewards Jump-Up IRA
1.20%	$50k	-	24 Month Jumbo Smart Money Rewards IRA
1.15%	$500	-	36 Month IRA
1.15%	$50k	-	28 Month Jumbo Jump-Up IRA
1.10%	$50k	-	16 Month Smart Money Rewards Jumbo Jump-Up IRA
1.10%	$50k	-	18 Month Jumbo Smart Money Rewards IRA
1.05%	$500	-	24 Month Smart Money Rewards IRA
1.00%	$500	-	28 Month IRA Jump-Up IRA
0.95%	$50k	-	24 Month Jumbo IRA
0.95%	$50k	-	12 Month Jumbo Smart Money Rewards IRA
0.95%	$500	-	16 Month Smart Money Rewards Jump-Up IRA
0.95%	$500	-	18 Month Smart Money Rewards IRA
0.85%	$50k	-	18 Month Jumbo IRA
0.85%	$50k	-	16 Month Jumbo Jump-Up IRA
0.80%	$500	-	24 Month IRA
0.80%	$500	-	12 Month Smart Money Rewards IRA
0.70%	$500	-	18 Month IRA
0.70%	$500	-	16 Month IRA Jump-Up IRA
0.70%	$50k	-	12 Month Jumbo IRA
0.55%	$500	-	12 Month IRA

Locations

Mass. Institute Of Tech. Federal Credit Union Locations
Branch Office	700 Technology Sq	Cambridge, MA 02139-3557
Branch Office	244 Wood St # LINA-100	Lexington, MA 02421-6426
Branch Office	84 Massachusetts Ave	Cambridge, MA 02139-4300