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Featured Accounts

Mass. Institute Of Tech. Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.40%5-year CD60 Month CD
0.45%1-year CD12 Month CD
0.05%SavingsSavings Account

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 21st largest credit union in the state of Massachusetts. It is also the 503rd 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

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Reviews (1)

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.



Health

Health Grade Components

Overall
NCUA #3830
Year Chartered1940
Employees87
Primary Regulator
Profit Margin
Return on Assets - YTD0.66%
Return on Equity - YTD8.88%
Annual Interest Income$4.7MM
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$535.7MM$490.4MM
LoansQ1 2017vs Q1 2016$468.2MM$389.0MM
DepositsQ1 2017vs Q1 2016$491.9MM$450.3MM
Equity CapitalQ1 2017vs Q1 2016$39.3MM$36.1MM
Loan Loss AllowanceQ1 2017vs Q1 2016$995.00K$1.1MM
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$4.8MM$3.3MM
Real Estate OwnedQ1 2017vs Q1 2016$0$0
Rates
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Mass. Institute Of Tech. Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW 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

APYMINMAXACCOUNT NAMEVIEW 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

APYMINMAXACCOUNT NAMEVIEW 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

APYMINMAXACCOUNT NAMEVIEW 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

APYMINMAXACCOUNT NAMEVIEW 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 Office700 Technology SqCambridge, MA 02139-3557
Branch Office244 Wood St # LINA-100Lexington, MA 02421-6426
Branch Office84 Massachusetts AveCambridge, MA 02139-4300