Digital Federal Credit Union
 | |
| 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 | Wayne Haubner, Chair, Board of Directors Paula Hunter, Vice Chair, Board of Directors Shruti Miyashiro, President/CEO Camille Glover, Secretary, Board of Directors Kumar Kittuswamy, Treasurer, Board of Directors Matt Menning Baba Gurjeet Bedi Jason Collier Curt Raffi |
| Products | Savings; Checking; Consumer loans; Mortgages; Credit cards; Investments |
| Website | www.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 was granted regulatory approval from the NCUA and the anticipated integration date is January 1, 2026.[7] The merger will create the 6th largest Credit Union in the United States by assets,[8] and a coast-to-coast branch network.
History
[edit]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.[9]
It was founded as a commercial banking institution to serve both individual consumers and businesses. Over the years, it has expanded its offerings to include a wide range of financial services, including checking and savings accounts, credit cards, student and personal loans, mortgages, vehicle financing, and commercial lending.[10]
In 2025, DCU began offering a credit-builder loan, allowing members to improve their credit while building savings.[11]
References
[edit]- ^ "For DCU's new president, an unexpected move back home". www.bizjournals.com. 28 November 2022. 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".
- ^ "NCUA grants regulatory approval allowing Digital Federal Credit Union and First Tech Federal Credit Union to proceed with planned merger". www.prnewswire.com (Press release). Retrieved 2025-10-28.
- ^ "Top 100 Largest Credit Unions by Asset Size, 2023". www.advratings.com. Retrieved 2024-10-14.
- ^ Mark, David. "Digital Equipment Corporation - DCU".
- ^ "Digital Federal Credit Union (bank) Company Profile: Financings & Team | PitchBook". pitchbook.com. Retrieved 2025-06-27.
- ^ Streaks, Jennifer. "Digital Federal Credit Union Credit Builder Loan Review 2025". Business Insider. Retrieved 2025-06-27.
External links
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