Bank / Credit Union

Digital Federal Credit Union to merge with First Tech Federal Credit Union

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October 8, 2024

Digital Federal Credit Union announced it plans to merge with First Tech Federal Credit Union. The combined entity will have $28.7 billion in assets with nearly two million members and more than 50 branches in eight states, according to a press release.

The credit unions will operate independently until their systems and processes are integrated. They will then operate under the DCU charter and the First Tech Federal Credit Union name. Greg Mitchell, CEO and president of First Tech, will remain at First Tech and Shruti Miyahsiro, CEO and president of DCU, will become president and CEO of the merged union.

"Our credit unions have a shared origin—each created to serve the financial needs of technology employees, their families and digitally savvy members across the country," Miyahsiro said in the release. "The transformative power of this merger of equals will unlock enormous potential to deliver value and opportunity for the people who matter most—our members, our employees and the communities we serve."