The $320 million, 28,000-member MIT Federal Credit Union has won the support of the125,000-member MIT Alumni Association, including the ability toissue the association's affinity credit card which the associationused to issue through an affinity agreement with Bank ofAmerica.
Bank of America purchased many affinity card programs when itmerged with former mono line card issuing bank MBNA. The bankhas since left many of the agreements.
“On behalf of MIT Federal Credit Union, I am very proud of ourpartnership with MITAA,” said MITFCU CEO Brian Ducharme. “Ourcommitment to MIT and the MIT community for over 70 years has beensteadfast and we look forward to a lasting relationship with theMITAA.”
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