MIT Federal Credit Union

TODAY'S FEATURED RATES

Member FDIC

4.54%

Our Rating

4.2 / 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

4.20%

Our Rating

3.6 / 5

Jenius Bank

Jenius Savings Account

See Offer

Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.

Member FDIC

4.45%

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

4.36%

Our Rating

4.0 / 5

Vio Bank

Cornerstone Money Market

See Offer

Sponsored Note: Interest is compounded daily, growing your money fast

Member FDIC

4.10%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Get up to a $300 Cash Bonus. FDIC Insured. See site for details.

Member FDIC

3.70%

Our Rating

4.3 / 5

American Express®

High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.80%

Our Rating

4.3 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms Apply. Member FDIC

Member FDIC

up to $300

Our Rating

4.3 / 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!

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 583^rd largest credit union in the nation. It was established in 1940 and as of December of 2024, it had grown to 91 employees and 33,975 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 Q4 2024

Learn why bank health matters

Health Grade Components

Overall
NCUA #	3830
Year Chartered	1940
Employees	91
Primary Regulator

Profit Margin
Return on Assets - YTD	0.8%
Return on Equity - YTD	8.99%
Annual Interest Income	$29MM

Assets and Liabilities
Assets	Q4 2024vs Q4 2023	$721.7MM$727.1MM
Loans	Q4 2024vs Q4 2023	$563.2MM$603.5MM
Deposits	Q4 2024vs Q4 2023	$629.8MM$642.4MM
Equity Capital	Q4 2024vs Q4 2023	$63.9MM$57.5MM
Loan Loss Allowance	Q4 2024vs Q4 2023	$4.3MM$5.8MM
Unbacked Noncurrent Loans	Q4 2024vs Q4 2023	$4.5MM$5MM
Real Estate Owned	Q4 2024vs Q4 2023	$0$0

TODAY'S FEATURED RATES

Member FDIC

4.54%

Our Rating

4.2 / 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

4.20%

Our Rating

3.6 / 5

Jenius Bank

Jenius Savings Account

See Offer

Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.

Member FDIC

4.45%

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

4.36%

Our Rating

4.0 / 5

Vio Bank

Cornerstone Money Market

See Offer

Sponsored Note: Interest is compounded daily, growing your money fast

Member FDIC

4.10%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Get up to a $300 Cash Bonus. FDIC Insured. See site for details.

Member FDIC

3.70%

Our Rating

4.3 / 5

American Express®

High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.80%

Our Rating

4.3 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Member FDIC

up to $300

Our Rating

4.3 / 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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