Mass Institute of Tech Credit Union Lexington MA | Affordable Vehicle Loans & ATM Services

Introduction

Welcome to Mass. Institute Of Tech., your trusted financial partner located at 70 Westview St, Lexington, MA 02421. Since our establishment in 1940, we have proudly served a vibrant community of over 34,597 members who count on us for their banking needs. With total assets exceeding $705,519,613, we are committed to providing reliable financial solutions and exceptional service. At Mass. Institute Of Tech., we understand that each member's financial journey is unique. Whether you're looking for personal banking services such as checking and savings accounts or financing options like auto loans and mortgages, our expert team is here to help. With 92 dedicated employees, led by CEO Rui Domingos and Board President Clinton Blackburn, we strive to create a welcoming atmosphere where our members feel valued and supported. For those interested in knowing more about our financial health, we hold total deposits of $61,815,544 and maintain a net worth of $68,030,066, ensuring we are well-equipped to meet your needs. Our commitment to transparency and community support is evident in everything we do. While members can visit us at our branch for face-to-face assistance, official correspondence should be sent to our mailing address: 70 Westview St., Lexington, MA 02421-3142. We invite you to explore the many ways Mass. Institute Of Tech. can enhance your financial well-being. Ready to take the next step? Visit us online at mitfcu.org or give us a call at 781-423-2022 during our lobby hours from 8:30 a.m. to 4:30 p.m., Monday through Friday. We're excited to help you achieve your financial goals!

Branch History & Mission

Commitment to Innovation

Over the years, we've embraced technology to ensure our services remain relevant and accessible. With features like online banking, mobile payments, and e-statements, managing your finances has never been easier. We are dedicated to maintaining ADA compliance so that all members can benefit from our services without barriers. While members can visit us at 70 Westview St for in-person assistance, official correspondence should be sent to 70 Westview St., Lexington, MA 02421-3142 if it differs from our branch address.

Join Us Today!

As we look ahead, we invite you to join the Mass. Institute Of Tech. family. Experience firsthand the benefits of becoming a member of a credit union that prioritizes your needs while giving back to the community. Together, let's build a brighter financial future! For more information or inquiries, feel free to call us at 781-423-2022 or visit our website.

Our Mission

At Mass. Institute Of Tech., our mission is clear: we aim to provide affordable financial solutions while actively supporting the communities we serve. We believe that everyone deserves access to quality banking services, which is why we are committed to offering products like checking and savings accounts, auto loans, mortgage financing, and business banking solutions tailored to meet diverse needs. We strive not only to enhance the financial well-being of our members but also to uplift our community through various outreach initiatives and partnerships. Our team understands that when we invest in the lives of those around us, we all flourish together.

Branch Location & Accessibility

Contact Us Today!

Have questions? Feel free to give us a call at 781-423-2022. We're eager to assist you on your financial journey! While members can visit us at 70 Westview St Lexington Ma 02421, official correspondence should be sent to our mailing address: 70 Westview St., Lexington, MA 02421-3142. Come see us today we look forward to welcoming you!

Convenient Access and Parking

Our location offers ample parking, making it easy for you to stop by and meet with our dedicated staff. We prioritize accessibility and ensure our facilities are compliant with ADA standards, providing ramps and other features to assist all members of the community.

Operating Hours

We know that life can get busy! That's why we're here for you Monday through Friday from 8:30 a.m. to 4:30 p.m. Our team is ready to help you with a variety of services during these hours, ensuring you have access to everything you need without any hassle.

Services Offered

At Mass. Institute Of Tech., we offer a wide range of personal banking services including checking and savings accounts, auto loans, mortgage options, and credit cards with rewards. You can also take advantage of online and mobile banking for added convenience. If you're visiting us in person, our shared service center makes it simple for members of partner credit unions to conduct basic transactions such as deposits and withdrawals.

Member Eligibility

Joining the vibrant community at Mass. Institute Of Tech. is easier than you might think! If you're looking to become a member, you'll be pleased to know that eligibility extends to anyone affiliated with the Massachusetts Institute of Technology, including students, faculty, staff, and even alumni. This means you're not just joining a credit union; you're becoming part of a supportive network that understands your unique financial needs. To learn more about the specific eligibility criteria, feel free to visit us at http://www.mitfcu.org/learn/membership . Once you're ready to open an account, the process is straightforward and welcoming. You can start your journey by checking out our account opening details here: https://app.loanspq.com/vl/vehicleloan.aspx?enc=kw21wblm1yxpjjabdozadxl4euqhawituvnem8nqvtwmmceeqpjn9ggwmbp521gi . Should you have any questions or need assistance along the way, don't hesitate to reach out at (781) 423-2022. We're here for you!

Business Banking & Commercial Services

Merchant Services

In addition to loans, we offer comprehensive merchant services that simplify transactions for your business. Imagine having a reliable partner that helps you process payments smoothly be it in-store or online. Our merchant services ensure you can focus on what truly matters: serving your customers and growing your business. Visit us at 70 Westview St Lexington Ma 02421 in Lexington, MA or give us a call at (781) 423-2022 to learn more about how we can support your business's financial needs!

Tailored Loan Options

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We also support the broader business community with $11 in non-member commercial loans, providing flexible financing solutions. Imagine a local café that needed funds to renovate and expand its seating area. With our tailored loans, they were able to transform their space and attract more customers, boosting their revenue significantly. This is just one example of how our lending options can help businesses thrive.

Comprehensive List Of Services

Business Banking Support

If you're a business owner, you'll appreciate our business banking solutions, which include merchant services and business loans. We aim to support local businesses by providing financial tools that help them thrive in today's competitive market.

Credit Card Rewards

Don't forget about our credit cards with rewards! These cards not only offer convenience but also give you points for every purchase, making it easier to treat yourself while managing everyday expenses.

Digital Banking Convenience

At Mass. Institute Of Tech., we recognize the importance of accessibility in today's fast-paced world. That's why we offer robust online and mobile banking features. From checking balances to transferring funds, managing your accounts has never been easier. Our ATM services ensure you can access cash whenever you need it, with basic ATM access available for withdrawals and balance checks.

Flexible Loan Choices

For those unexpected expenses or projects, our personal loans and debt consolidation services can help lighten the load. Whether it's funding a home renovation or combining multiple debts into one manageable payment, we're here for you with flexible terms that suit your budget.

Home Financing Options

When it comes to purchasing a home, we know that having the right mortgage is crucial. Our mortgage loans and refinancing options are crafted to ensure you get the best possible rates and terms. Picture yourself settling into your dream home, knowing you have the financial backing from Mass. Institute Of Tech. to support you every step of the way.

Personal Banking Solutions

We offer various personal banking services designed to make your day-to-day transactions smooth and hassle-free. Whether you're looking to open a checking or savings account, our options are tailored to fit your lifestyle. Imagine having a checking account that helps you manage your expenses effortlessly while also earning interest on your savings. We also provide auto loans and vehicle financing for those exciting moments when you're ready to hit the road in a new car.

Shared Branch Transactions

We also provide basic shared branch transactions, allowing members of partner credit unions to make deposits and withdrawals with ease. This service expands your access to funds without any added stress. In conclusion, whether you're an individual looking for personal finance solutions or a business seeking support, Mass. Institute Of Tech. has something for everyone. We invite you to explore our full range of services online at https://www.mitfcu.org/ or give us a call at (781) 423-2022 to learn more about how we can assist you today!

Digital & Online Banking

Key Features

Our mobile application allows you to bank on-the-go. You can download it to enjoy features like mobile payments, which make everyday transactions quicker and easier. Plus, if you ever need to send money to friends or family, our person-to-person transfer feature lets you do just that with just a few taps on your smartphone. In this digital age, security is a top priority for us. That's why we offer electronic signature authorization for various transactions, ensuring that your approvals are both quick and secure. You can also opt for e-statements, allowing you to view your account statements online instead of waiting for them in the mail keeping everything organized and accessible. Whether you're at home or on the move, our digital banking tools empower you to handle your finances effortlessly while keeping them secure. Experience the ease of banking with Mass. Institute Of Tech. today!

Financial Strength

A Solid Foundation

With a net worth of $68,030,066, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $964 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Commitment to Growth

With $57,385,912 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our lending capacity supports members' financial goals across various sectors with $4,328 in used auto loans and $570,674,633 in total loans and leases.

Member-Centric Savings

Members' savings are secured through $114,597,431 in share certificates and $47,897,351 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $0, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Operational Efficiency

Our $5,162,802 reflects our operational efficiency, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 92 full-time employees and 0 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Trust Built on Transparency

Net Shares (Funds available for lending and investments): $3,027,924. Total Share and Deposit Accounts: 70,949, showing a strong and growing member base that trusts us with their finances. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Mass. Institute Of Tech. is your trusted partner. Visit us at 70 Westview St Lexington Ma 02421 or call (781) 423-2022 to learn more about how we can help you achieve your financial goals.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $19,027,677 in used vehicle loans and $14,065,799 in new vehicle loans already helping members get on the road. Whether you're looking for financing for a new vehicle or a reliable used option, our flexible terms make it easy to find the perfect fit for your budget.

Business Financing

For business owners, though we do not currently have outstanding commercial loans available, our commitment to supporting local businesses is unwavering. We are here to discuss how we can assist you in securing the capital needed for growth and expansion when opportunities arise.

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $65,901,584, make buying or refinancing simple. We provide competitive rates and personalized service to help you secure the home of your dreams.

Refinancing and Eligibility Options

If you're interested in refinancing existing loans or exploring eligibility options for any of our products, our team is ready to assist you every step of the way. We believe that understanding your options is key to making informed financial choices. For more information about our loan offerings or to speak with one of our knowledgeable representatives, feel free to call us at 781-423-2022 or visit us at 70 Westview St, Lexington, MA 02421. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results. Let's work together towards achieving your financial goals!

Unsecured Credit Card Loans

We also offer flexible terms on unsecured credit card loans. While we currently have a total of $0 in unsecured credit card loans available, our commitment remains strong to help members manage their finances effectively through other lending options.

Loan Aggregator

Benefits of Using LendMesh

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How LendMesh Ensures Accurate Loan Comparisons

Loan data on LendMesh is sourced directly from banks and credit unions that comply with National Credit Union Administration (NCUA) lending standards, based on the latest results (Source: https://www.ncua.gov ). This ensures that all offers are fair and transparent. By working only with verified financial institutions, LendMesh guarantees that users receive reliable information when comparing loan options.

MASS. INSTITUTE OF TECH. FEDERAL CREDIT UNION