About MIT Federal Credit Union
MIT Federal Credit Union is a company based in Cambridge (United States) founded in 1940. It operates as a B2C. MIT Federal Credit Union offers products and services including Checking Accounts, Savings Accounts, Auto Loans, and Mortgage Loans. MIT Federal Credit Union operates in a competitive market with competitors including Gesa Credit Union, Simmons Bank, TDECU, Truliant Federal Credit Union and Idaho Central Credit Union, among others.
- Headquarter Cambridge, United States
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Massachusetts Institute Of Technology Federal Credit Union
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
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Employee Count
Employee Count
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Products & Services of MIT Federal Credit Union
MIT Federal Credit Union offers a comprehensive portfolio of products and services, including Checking Accounts, Savings Accounts, Auto Loans, and Mortgage Loans. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides transaction accounts for daily financial management.
Offers high-yield options for saving and earning interest.
Facilitates financing for vehicles with competitive rates.
Supports home buying and refinancing for members.
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Funding Insights of MIT Federal Credit Union
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by MIT Federal Credit Union
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - MIT Federal Credit Union
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Mit Federal Credit Union Comparisons
Competitors of MIT Federal Credit Union
MIT Federal Credit Union operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Gesa Credit Union, Simmons Bank, TDECU, Truliant Federal Credit Union and Idaho Central Credit Union, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Urban credit union
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Commercial banking services are provided to businesses and individuals.
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Provides checking, savings, loans, credit cards, and mortgages to members.
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Provider of financial products including checking, savings, loans, and insurance
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| domain | founded_year | HQ Location |
ICCU offers checking accounts, savings, loans, credit cards, and online banking services.
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| domain | founded_year | HQ Location |
Blue Federal Credit Union is operated as a member-focused financial institution.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about MIT Federal Credit Union
When was MIT Federal Credit Union founded?
MIT Federal Credit Union was founded in 1940.
Where is MIT Federal Credit Union located?
MIT Federal Credit Union is headquartered in Cambridge, United States. It is registered at Cambridge, Massachusetts, United States.
What does MIT Federal Credit Union do?
MIT Federal Credit Union is a not-for-profit financial institution serving MIT employees, students, alumni, and affiliated businesses. It provides checking and savings accounts, loans including auto and home equity, and investment planning. Based in Lexington, Massachusetts, it emphasizes community support, financial education, and secure online banking to help members achieve financial goals through tailored services and resources.
Who are the top competitors of MIT Federal Credit Union?
MIT Federal Credit Union's top competitors include Simmons Bank, Truliant Federal Credit Union and Gesa Credit Union.
What products or services does MIT Federal Credit Union offer?
MIT Federal Credit Union offers Checking Accounts, Savings Accounts, Auto Loans, and Mortgage Loans.