MASS. INSTITUTE OF TECH.

700 TECHNOLOGY SQ
Cambridge, MA 02139

 

2019 Overview

General Credit Union Information

NCUA Insured Yes
Charter Number # # 3830
Date Established 1940
Assets $564.21 million
Loans $505.93 million
Deposits $515.73 million
Capital $44.58 million

Mass. Institute Of Tech. is an NCUA insured institution located in Cambridge, MA. It was founded in 1940 and has approximately $564.21 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.

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 - March 24, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Money Market
0.15% $1,000 $9,999 Learn MoreShow Less
Money Market
0.40% $10,000 $49,999 Learn MoreShow Less
Fixed IRA Rates APY MIN MAX
Fixed IRA
0.90% $500 $49,999 Learn MoreShow Less
CD Rates (Share Certificate Rates) APY MIN MAX
12 Mo CD
0.80% $500 $49,999 Learn MoreShow Less
18 Mo CD
0.95% $500 $49,999 Learn MoreShow Less
24 Mo CD
1.20% $500 $49,999 Learn MoreShow Less
36 Mo CD
1.40% $500 $49,999 Learn MoreShow Less
48 Mo CD
1.55% $500 $49,999 Learn MoreShow Less
60 Mo CD
1.75% $500 $49,999 Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.25% $100 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $2,500 - Learn MoreShow Less

Loan Rates - March 24, 2019

Your Current Location: Virginia, VA 20146

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 - Virginia 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
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Rocket Mortgage
NMLS ID: 3030
4.560% 4.560% 0.00 $0 $1,276 Learn More
PenFed Credit Union
NMLS ID: 401822
4.250% 4.125% 0.50 $3,750 $1,212 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.125% 5.125% 0.00 $0 $1,362 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
4.490 %
$0 Learn More
More Info
PenFed Credit Union
PenFed Credit Union
5.500 %
$0 Learn More
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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:
Ashburn,Virginia


Mass. Institute Of Tech. Locations


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
5.31% 6.94

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 March 31, 2018, Mass. Institute Of Tech. had $2,526,733 in non-current loans and $0 in owned assets. To cover these potential losses it had $44,584,544 in net worth and $2,991,327 in loans loss reserves. That gives it a Texas Ratio of 5.31%.

Net Worth
Mass. Institute Of Tech. U.S. Average
7.9% 13.08%

Mass. Institute Of Tech. FCU has a net worth of 7.9% versus the BestCashCow average of 13.08. 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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