MIT Federal Credit Union

TODAY'S FEATURED RATES

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

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Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

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Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

4.00%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

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Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.

Member FDIC

4.30%

Our Rating

4.1 / 5

BrioDirect

High-Yield Savings

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Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

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Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

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Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Overview / Commentary

www.mitfcu.org

617-715-4703

70 Westview St
Lexington, MA 02421

MIT Federal Credit Union is headquartered in Lexington and is the 20^th largest credit union in the state of Massachusetts. It is also the 593^rd largest credit union in the nation. It was established in 1940 and as of March of 2025, it had grown to 94 employees and 34,228 members at 4 locations. MIT Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership in MIT Federal Credit Union is open to employees, retirees, students, and alumni of MIT. Employees of Draper Laboratories, Lincoln Laboratories, Broad Institute, Whitehead Institute, Novartis, or Toyota Research Institute also qualify for membership.
See current membership details

Reviews

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Health

B+

Data as of Q1 2025

Learn why bank health matters

Health Grade Components

Overall
NCUA #	3830
Year Chartered	1940
Employees	94
Primary Regulator

Profit Margin
Return on Assets - YTD	0.35%
Return on Equity - YTD	3.91%
Annual Interest Income	$7.3MM

Assets and Liabilities
Assets	Q1 2025vs Q1 2024	$721.4MM$732MM
Loans	Q1 2025vs Q1 2024	$553MM$593.3MM
Deposits	Q1 2025vs Q1 2024	$651.8MM$645.3MM
Equity Capital	Q1 2025vs Q1 2024	$65.2MM$59.8MM
Loan Loss Allowance	Q1 2025vs Q1 2024	$3.8MM$4.8MM
Unbacked Noncurrent Loans	Q1 2025vs Q1 2024	$3.8MM$4.1MM
Real Estate Owned	Q1 2025vs Q1 2024	$0$0

TODAY'S FEATURED RATES

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

4.00%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.

Member FDIC

4.30%

Our Rating

4.1 / 5

BrioDirect

High-Yield Savings

See Offer

Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Rates

Rates for MIT Federal Credit Union are currently being reviewed.

Locations

MIT Federal Credit Union Locations
Corporate Office	70 Westview St	Lexington, MA 02421-3142
Branch Office	244 Wood St # LINA-100	Lexington, MA 02421-6426
Branch Office	84 Massachusetts Ave	Cambridge, MA 02139-4300
Branch Office	700 Technology Sq	Cambridge, MA 02139-3557

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