Digital Federal Credit Union

DCU – Digital Federal Credit Union
Company typeCredit union
IndustryFinancial services
FoundedOctober 1979
HeadquartersMarlborough, Massachusetts, United States
Number of locations
23 full-service branches
3,000 CU Centers located in 46 states
Key people
Curt Raffi,
Chair, Board of Directors
Wayne Haubner,
Vice Chair, Board of Directors
Shruti Miyashiro,
President/CEO
Camille Glover,
Secretary, Board of Directors
Kumar Kittuswamy,
Treasurer, Board of Directors
Matt Menning
Paula Hunter
Baba Gurjeet Bedi
Jason Collier
Tiffany Miller
ProductsSavings; Checking; Consumer loans; Mortgages; Credit cards; Investments
Websitewww.dcu.org

Digital Federal Credit Union (DCU) is a credit union based in Marlborough, Massachusetts.[1][2][3]

It has over 1,025,000 members[4] and is the largest credit union headquartered in New England as measured by assets, managing over US $9.9 billion.[4] DCU is regulated under the authority of the National Credit Union Administration (NCUA) of the US federal government.

DCU has nineteen full-service branches in Massachusetts and four full-service branches in New Hampshire,[5] although it has members in all 50 U.S. states.

On September 30, 2024, DCU announced it was merging with First Tech Credit Union.[6] The new credit union would retain DCU's charter while keeping First Tech's name. The merger is subject to regulatory approval from the NCUA and the anticipated integration date is late 2025. The merger will create the 6th largest Credit Union in the United States by assets[7], and a coast-to-coast branch network.

History

DCU was chartered in 1979 for employees of Digital Equipment Corporation following complaints to CEO Ken Olsen that employees had been having difficulty securing mortgages.[8]

References

  1. ^ "For DCU's new president, an unexpected move back home". www.bizjournals.com. Retrieved 2023-06-19.
  2. ^ Times, Boston Real Estate (2017-09-12). "DCU Purchases Former Kronos Building in Chelmsford". Boston Real Estate Times. Retrieved 2023-06-19.
  3. ^ "Digital Federal Credit Union extends partnership with Sagent". IBS Intelligence. Retrieved 2023-06-19.
  4. ^ a b "Credit Union Details".
  5. ^ "Branches & ATMs | DCU".
  6. ^ "merger of First Tech and DCU".
  7. ^ "Top 100 Largest Credit Unions by Asset Size, 2023". www.advratings.com. Retrieved 2024-10-14.
  8. ^ Mark, David. "Digital Equipment Corporation - DCU".
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