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The NCUA has granted regulatory approval for the proposed merger of Digital Federal Credit Union (DCU) and First Tech Federal Credit Union, clearing a key hurdle in creating one of the nation’s largest credit unions.
The merger now moves to First Tech’s members for a vote, scheduled between October and December, with results to be disclosed at a special membership meeting. If approved, the combined credit union will formally launch on Jan. 1, 2026.
Leaders from both organizations framed the merger as a transformative moment. “Uniting the nation’s two leading technology-focused credit unions will create a forward-looking, digitally powered financial institution,” said Shruti Miyashiro, DCU's president/CEO, who will lead the combined entity. First Tech CEO Greg Mitchell, who is set to retire at year-end, called the approval “a milestone for the entire credit union community.”
The new credit union will boast $28 billion in assets, nearly two million members and more than 50 branches across eight states. Members will gain expanded nationwide access to branches, extended service hours, advanced digital experiences and a broader array of financial products.
Executives said the organization will also deepen its philanthropic role, prioritizing children’s well-being, STEM education and technology access.
For employees, the merger promises enriched career development and a workplace culture rooted in innovation.
While integration will take time, DCU and First Tech said they plan to operate under their current names until systems and processes are fully aligned.
Once complete, the institution will operate as First Tech Federal Credit Union.
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