Mass. Institute Of Tech. Federal Credit Union

Headquarters

70 Westview St.
Lexington, MA 02421
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 5.50% →
1-Year CD N.A. 4.80% →
2-Year CD N.A. 4.25% →
5-Year CD N.A. 4.00% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

2024 Overview

General Credit Union Information

Mass. Institute Of Tech. is an NCUA insured institution located in Lexington, MA. It was founded in 1940 and has approximately $706.02 millions in assets.

Who can join?

The following can apply for membership:
• Massachusetts Institute of Technology Corporation employees who work in or are paid from Cambridge or Lexington, MA
• Undergraduate and Graduate students attending the Massachusetts Institute of Technology
• Alumni of the Massachusetts Institute of Technology
• Charles Stark Draper Laboratory, Inc. employees who work in or are paid from Cambridge, MA
• Whitehead Institute for Biomedical Research employees who work in Cambridge, MA
• Howard Hughes Medical Institute (HHMI) employees who work at the Massachusetts Institute of Technology in Cambridge, MA
• Broad Institute employees who work in Cambridge, MA
• Bright Horizons Family Solutions employees who work at the Massachusetts Institute of Technology Children's Center childcare program locations on the Massachusetts Institute of Technology campus in Cambridge, MA or the Massachusetts Institute of Technology Lincoln Laboratory location in Lexington, MA
• HealthFitness Corporation employees who work regularly under contract to the Massachusetts Institute of Technology in Cambridge, MA
• MIT Federal Credit Union employees
• MIT Office of Religious Life (MIT clergy) employees who work in Cambridge, MA
• Standard Parking Corporation employees who work regularly under contract at the Massachusetts Institute of Technology in Cambridge, MA
• GCR Professional Services, Inc. employees who work regularly under contract at the Massachusetts Institute of Technology in Cambridge, MA, MIT Lincoln Laboratory in Lexington, MA, or Charles Stark Draper Laboratory in Cambridge, MA
• Alexandria Real Estate Equities, Inc. employees who work in Cambridge, MA
• Employees of the following companies who work regularly under contract at MIT Lincoln Laboratory in Lexington, MA
o Additional Contract Services
o American Contract Group, Inc.
o Apex Systems, Inc.
o Aquila Technology
o Beacon Hill Staffing Group, LLC
o Ci Software Associates, Inc.
o DAG Consulting, Inc.
o Digital Prospectors Corporation
o EDA Staffing, Inc.
o Entegee
o General Dynamics
o John Galt Staffing, Inc.
o Kwajalein Range Services, Ltd.
o LinQuest Corporation
o Lockheed Martin Systems Management
o Mass. Electric Construction Company
o McLaughlin Research Corporation
o Minuteman Group, Inc.
o Nesco Resource
o Odyssey Systems Consulting Group, Ltd.
o Randolph Associates, Inc.
o Solidus Technical Solutions, Inc.
o TEK Microsystems, Inco.
o Travis Personnel Services
o UNICCO Service Company
o Zel Technologies, LLC
• Immediate family members (spouse, child, sibling, parent, grandparent, or grandchild, stepchildren, stepsibling, stepparents, and adoptive relationships) and people living in the same household (persons living in the same residence maintaining a single economic unit) of the above groups.
• Also included are persons retired as pensioners or annuitants from the above employment or spouses of persons who died while within the field of membership of this credit union.

NCUA Insured Yes / Federally Chartered
Charter Number # # 3830
Date Established 1940
Assets $706.02 million
Loans $579.74 million
Deposits $621.42 million
Capital $66.96 million
 

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.

Deposit Rates - November 17, 2024

Your Current Location: Ohio, OH 43085

We do not yet have rates for Mass. Institute Of Tech.

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Loan Rates - November 17, 2024

Your Current Location: Ohio, OH 43085

There are currently no loan rates available for Mass. Institute Of Tech.

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:



Featured - Ohio 30 Year Fixed Mortgage Rates 2024

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Payment
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6.494% 6.375% 0.75 $4,000 $1,997 Learn More
Mutual of Omaha Mortgage, Inc.
NMLS ID: 1025894
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NMLS ID: 1907
7.181% 7.125% 0.63 $1,802 $2,156 Learn More
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NMLS ID: 3030
7.225% 7.125% 1.00 $3,200 $2,156 Learn More

Featured - Ohio Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
Intro APR
7.490 %
After Intro: 7.490 %
$0 Learn More
More Info

Note to Mass. Institute Of Tech.
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Below are Mass. Institute Of Tech. branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Columbus,Ohio


Mass. Institute Of Tech. Locations around zip code 43085




Climate Policy and Initiatives

MASS. INSTITUTE OF TECH. is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.


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Financial Details

Mass. Institute Of Tech. Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Mass. Institute Of Tech.. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Mass. Institute Of Tech. U.S. Average
7.43% 5.83

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of June 30, 2024, Mass. Institute Of Tech. had $5,383,114 in non-current loans and $0 in owned assets. To cover these potential losses it had $66,955,572 in net worth and $5,499,860 in loans loss reserves. That gives it a Texas Ratio of 7.43%.

Net Worth
Mass. Institute Of Tech. U.S. Average
9.48% 13.93%

Mass. Institute Of Tech. FCU has a net worth of 9.48% versus the BestCashCow average of 13.93. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.



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