Digital Federal Credit Union (DCU) is a credit union based in Marlborough, Massachusetts.[1][2][3]
 | |
| Company type | Credit union |
|---|---|
| Industry | Financial services |
| Founded | October 1979 |
| Headquarters | Marlborough, 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 |
| Products | Savings; Checking; Consumer loans; Mortgages; Credit cards; Investments |
| Website | www.dcu.org |
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
editDCU 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
edit- ^ "For DCU's new president, an unexpected move back home". www.bizjournals.com. Retrieved 2023-06-19.
- ^ Times, Boston Real Estate (2017-09-12). "DCU Purchases Former Kronos Building in Chelmsford". Boston Real Estate Times. Retrieved 2023-06-19.
- ^ "Digital Federal Credit Union extends partnership with Sagent". IBS Intelligence. Retrieved 2023-06-19.
- ^ a b "Credit Union Details".
- ^ "Branches & ATMs | DCU".
- ^ "merger of First Tech and DCU".
- ^ "Top 100 Largest Credit Unions by Asset Size, 2023". www.advratings.com. Retrieved 2024-10-14.
- ^ Mark, David. "Digital Equipment Corporation - DCU".
External links
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