Digital Federal Credit Union and First Tech Federal Credit Union Announce Intent to Merge

There will be no immediate changes for members as the two organizations will operate independently as DCU and First Tech until systems and processes are integrated and operational. Upon completion of the integration, the combined organization will operate under DCU's charter and the name First Tech Federal Credit Union. Recognizing the strong and proud history of DCU and First Tech, employees and members of both organizations will work together to develop a brand experience that honors the roots of both companies with a forward-looking vision. President and CEO of First Tech Greg Mitchell remains with First Tech through the integration. DCU President and CEO Shruti Miyashiro will become president and CEO of the newly merged credit union.

“Our credit unions share a common origin – each was founded to serve the financial needs of technology workers, their families and digitally savvy members across the country,” he said Shruti MiyashiroPresident and CEO of Digital Federal Credit Union. “The transformative power of this coalition of equals will unlock tremendous potential to create value and opportunity for the people who matter most – our members, our employees and the communities we serve.”

“Combining the capabilities of the nation’s two leading technology-focused credit unions will allow us to drive innovation and push the boundaries to deliver better experiences by making significant investments in products and services to meet the needs of our growing members ” he said Greg MitchellPresident and CEO of First Tech Federal Credit Union. “With the shared principles of people helping people, the new organization will also become the industry’s largest national charity leader, exceeding giving.” 4 million dollars annually to positively impact our local communities.”

For more information about the intention to merge into one organization, please visit DCU.org and Firsttechfed.com.

ABOUT THE DIGITAL FEDERAL CREDIT UNION

DCU is a 12 billion dollars Financial cooperative based in Marlborough, Massachusetts. Founded in 1979 as a credit union for Digital Equipment Corporation (DEC) employees and their families, DCU now serves over 1.1 million members in all 50 states Puerto Rico. DCU has a proud history of serving many members who are new to banking, including young adults, historically underserved members, or newcomers to the U.S. banking system. DCU's member-centered mission and commitment to digital innovation guide how products, solutions and services are developed to deliver a remarkable experience and support members' financial goals. With 23 branches and 35 ATMs Massachusetts And New HampshireMembers have additional access to DCU's award-winning digital banking platform and mobile app, as well as more than 5,600 branches in a shared CO-OP network and over 30,000 fee-free ATMs nationwide. Federally insured by NCUA. Same housing lender. For more information, visit dcu.org.

ABOUT FIRST TECH FEDERAL CREDIT UNION

First Tech Federal Credit Union is an almost 17 billion dollars Institution based in San Jose, California. The nation's premier credit union serves the world's leading technology-focused companies and their employees, including HP Inc., Hewlett Packard Enterprise, Microsoft, Agilent, Intel, Cisco, Amazon, Nike, Intuit, Google and more. First Tech is recognized as an industry catalyst for delivering effortless banking experiences to more than 660,000 members across its 34 branches, more than 5,600 CO-OP Shared Branch locations, 30,000 CO-OP Network ATMs and online platforms. First Tech offers a full range of financial services including traditional banking, online banking, mortgages, financial planning, various consumer loans and insurance services. Federally insured by NCUA. Same housing lender. For more information, see www.firsttechfed.com.

SOURCE Digital Federal Credit Union/First Tech Federal Credit Union