To establish good credit, you need a steady work record and continued residence at the same address. If you do not have a checking account, open one and be careful not to bounce checks. Read more about establishing good credit.

Additionally, MIT FCU offers lunch-and-learn seminars and onsite seminars on Credit 101 and Banking in the U.S. Watch our calendar of events for the next available session. These sessions are free and open to the public.

As an account holder at MIT FCU, you have access to an automated budgeting tool in e-Branch (Online Banking), Money Management, that allows you to set up budgets, goals, monitor trends, and progress towards your financial goals. You’ll also have access to complete annual spending records if you aggregate all accounts in this system. Log in to e-Branch and click on the Manage Money tab to get started. Additionally, MIT FCU offers lunch-and-learn seminars and onsite seminars on Budgeting 101. Watch our calendar of events for the next available session. These sessions are free and open to the public.

Calendar of Events      Budgeting

Cosigners lend their names and good credit histories to the maker. Should the maker die, lose a job, or otherwise fail to make payments, all responsibility for meeting the terms of the loan transfers to the cosigner. An often-overlooked aspect of cosigning a loan is the fact that the loan appears on both the maker's and cosigner's credit reports.

Read more about your obligations when you cosign a loan.

It might be tempting to view your 401(k) as a source of emergency funds, but before you dip into your retirement account for cash, explore alternatives.

Planning for Retirement

To make this decision, calculate your monthly payments and your total net cost. When you compare these amounts, you can determine which option is right for you. Use our Auto Buy or Lease calculator to help you.

Tax Planning > Record Keeping