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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
1.60%	5-year CD	60 Month CD 1.85% - Synchrony Bank 60 Month CD
0.65%	1-year CD	12 Month CD 1.05% - Ally Bank High Yield 12-Month CD
0.10%	Savings	Savings Account 1.00% - Ally Bank Online Savings Account

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 508^th largest credit union in the nation. It was established in 1940 and as of June of 2016, it had grown to 82 employees and 33,896 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:

2007
2006

12/11 - 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.

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2

Health

B+

Data as of Q2 2016

Learn more about bank health

Health Grade Components

Overall
NCUA #	3830
Year Chartered	1940
Employees	82
Primary Regulator

Profit Margin
Return on Assets - YTD	0.62%
Return on Equity - YTD	8.15%
Annual Interest Income	$8.5MM

Assets and Liabilities
Assets	Q2 2016vs Q2 2015	$493.2MM$440.7MM
Loans	Q2 2016vs Q2 2015	$407.2MM$334.0MM
Deposits	Q2 2016vs Q2 2015	$452.4MM$402.8MM
Equity Capital	Q2 2016vs Q2 2015	$37.2MM$33.6MM
Loan Loss Allowance	Q2 2016vs Q2 2015	$985.00K$1.2MM
Unbacked Noncurrent Loans	Q2 2016vs Q2 2015	$4.1MM$3.4MM
Real Estate Owned	Q2 2016vs Q2 2015	$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
0.35%	$25k	-	Select Savings Account
0.25%	$100	-	IRA Savings
0.25%	$100	-	Roth IRA Savings
0.10%	$100	-	Savings Account
0.10%	-	-	Holiday Club Accounts
0.10%	-	-	Vacation Club Accounts

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

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.40%^*	$50k^*	-	Money Market Account
OTHER TIERS: 0.20% → $1k - $10k \| 0.25% → $10k - $50k

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

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.30%^*	$100k^*	-	Select Checking
OTHER TIERS: 0.05% → $10k - $25k \| 0.10% → $25k - $50k \| 0.25% → $50k - $100k
0.05%	$2,500	-	Plus Checking

Mass. Institute Of Tech. Federal Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
2.00%	$50k	-	60 Month Jumbo Smart Money Rewards CD
1.85%	$500	-	60 Month Smart Money Rewards CD
1.80%	$50k	-	48 Month Jumbo Smart Money Rewards CD
1.75%	$50k	-	60 Jumbo Month CD
1.65%	$50k	-	36 Month Jumbo Smart Money Rewards CD
1.65%	$500	-	48 Month Smart Money Rewards CD
1.60%	$500	-	60 Month CD
1.55%	$50k	-	48 Jumbo Month CD
1.50%	$500	-	36 Month Smart Money Rewards CD
1.40%	$500	-	48 Month CD
1.40%	$50k	-	36 Month Jumbo CD
1.40%	$50k	-	28 Month Smart Money Rewards Jumbo Jump-Up CD
1.30%	$50k	-	24 Month Jumbo Smart Money Rewards CD
1.25%	$500	-	36 Month CD
1.25%	$500	-	28 Month Smart Money Rewards Jump-Up CD
1.20%	$50k	-	18 Month Jumbo Smart Money Rewards CD
1.15%	$50k	-	28 Month Jumbo Jump-Up CD
1.15%	$500	-	24 Month Smart Money Rewards CD
1.10%	$50k	-	16 Month Smart Money Rewards Jumbo Jump-Up CD
1.05%	$50k	-	24 Month Jumbo CD
1.05%	$50k	-	12 Month Jumbo Smart Money Rewards CD
1.05%	$500	-	18 Month Smart Money Rewards CD
1.00%	$500	-	28 Month Jump-Up CD
0.95%	$50k	-	18 Month Jumbo CD
0.95%	$500	-	16 Month Smart Money Rewards Jump-Up CD
0.90%	$500	-	24 Month CD
0.90%	$500	-	12 Month Smart Money Rewards CD
0.85%	$50k	-	16 Month Jumbo Jump-Up CD
0.80%	$500	-	18 Month CD
0.80%	$50k	-	12 Month Jumbo CD
0.70%	$500	-	16 Month Jump-Up CD
0.65%	$500	-	12 Month CD

Mass. Institute Of Tech. Federal Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
2.10%	$50k	-	60 Month Jumbo Smart Money Rewards Jumbo IRA
1.95%	$500	-	60 Month Smart Money Rewards IRA
1.90%	$50k	-	48 Month Jumbo Smart Money Rewards IRA
1.85%	$50k	-	60 Month Jumbo IRA
1.75%	$50k	-	36 Month Jumbo Smart Money Rewards IRA
1.75%	$500	-	48 Month Smart Money Rewards IRA
1.70%	$500	-	60 Month IRA
1.65%	$50k	-	48 Month Jumbo IRA
1.60%	$500	-	36 Month Smart Money Rewards IRA
1.50%	$500	-	48 Month IRA
1.50%	$50k	-	36 Month Jumbo IRA
1.50%	$50k	-	28 Month Smart Money Rewards Jumbo Jump-Up IRA
1.40%	$50k	-	24 Month Jumbo Smart Money Rewards IRA
1.35%	$500	-	36 Month IRA
1.35%	$500	-	28 Month Smart Money Rewards Jump-Up IRA
1.30%	$50k	-	18 Month Jumbo Smart Money Rewards IRA
1.25%	$50k	-	28 Month Jumbo Jump-Up IRA
1.25%	$500	-	24 Month Smart Money Rewards IRA
1.20%	$50k	-	16 Month Smart Money Rewards Jumbo Jump-Up IRA
1.15%	$50k	-	24 Month Jumbo IRA
1.15%	$50k	-	12 Month Jumbo Smart Money Rewards IRA
1.15%	$500	-	18 Month Smart Money Rewards IRA
1.10%	$500	-	28 Month IRA Jump-Up IRA
1.05%	$50k	-	18 Month Jumbo IRA
1.05%	$500	-	16 Month Smart Money Rewards Jump-Up IRA
1.00%	$500	-	24 Month IRA
1.00%	$500	-	12 Month Smart Money Rewards IRA
0.95%	$50k	-	16 Month Jumbo Jump-Up IRA
0.90%	$500	-	18 Month IRA
0.90%	$50k	-	12 Month Jumbo IRA
0.80%	$500	-	16 Month IRA Jump-Up IRA
0.75%	$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