DCU and First Tech Merger Approved

[chicagorich]

https://www.prnewswire.com/news-releases/ncua-grants-regulatory-approval-allowing-digital-federal-credit-union-and-first-tech-federal-credit-union-to-proceed-with-planned-merger-302571209.html
 

Wonder if the EQ FICO will go away.

[shifter]

The most concerning part of the email was that the new entity will be known as First Tech. Everything previously seemed to indicate DCU was the A side in this merger. Now I'm not so sure if we're going to see the value disappear. 

[MP80]

An email from DCU President and CEO Shruti Miyashiro suggests that after a successful merger, she will be the CEO of First Tech FCU, following the planned retirement of the current FTFCU CEO in December 2025.

 

This short paragraph indicates the DCU brand soon ceased to exist...

 

"Once we're fully integrated, we will operate under the name First Tech Federal Credit Union. The heart of who we are—our values, our mission, our people—will continue to expand from our deep DCU roots and our DEC legacy." 

[chicagorich]

9 hours ago, shifter said:

The most concerning part of the email was that the new entity will be known as First Tech. Everything previously seemed to indicate DCU was the A side in this merger. Now I'm not so sure if we're going to see the value disappear. 

Looking at the statement, First Tech is bigger financially than DCU, but fewer members. Without the EQ FICO, I have no reason to stick around. Anybody else give a free EQ FICO.?

[shifter]

5 hours ago, chicagorich said:

Looking at the statement, First Tech is bigger financially than DCU, but fewer members. Without the EQ FICO, I have no reason to stick around. Anybody else give a free EQ FICO.?

No guarantee it goes away even after they fully merge their systems. Just concerning at this point. Another good benefit to a DCU membership is well below-market auto loan rates, which FT doesn't have (currently 4.99% vs 6.99%). Also pre-approval offers that can be substantial. Very different CUs currently.

Edited October 1, 2025 by shifter

[ShawnPY1972]

On 9/30/2025 at 2:25 PM, chicagorich said:

https://www.prnewswire.com/news-releases/ncua-grants-regulatory-approval-allowing-digital-federal-credit-union-and-first-tech-federal-credit-union-to-proceed-with-planned-merger-302571209.html
 

Wonder if the EQ FICO will go away.

 

I hope they adopt Equifax.  My Equifax report is a lot stronger than Experian.

[Rogue]

The next step is approval of the merger by First Tech members as the combined credit union will adopt DCU's credit union charter. 

 

Interesting move, curios why First Tech is going to adopt the DCU charter?

[nemo]

5 hours ago, Rogue said:

The next step is approval of the merger by First Tech members as the combined credit union will adopt DCU's credit union charter. 

 

Interesting move, curios why First Tech is going to adopt the DCU charter?

 

They explain that here:

https://www.firsttechfed.com/merger

Quote

Why do only First Tech members get to vote?

Each of our credit unions have federal charters to offer financial services in our service areas, and once we merge into one organization, we only need one federal charter to operate. As we finalized our due diligence, leadership determined that DCU’s charter will be the most advantageous charter to retain, with the charter referred to as the “continuing credit union.” As a result, First Tech will assume DCU’s charter with the First Tech name continuing forward, and regulations ask that First Tech members have the opportunity to vote on this change.

 

[hegemony]

Did Rose survive or did they fix the glitch?

[chicagorich]

Just got an email from DCU:

 

First Tech Member Vote Approves Merger with DCU

 

 Now we’ll see if the EQ FICO survives the merger.

[ShawnPY1972]

Dear Valued Member,

 

I’m pleased to report that the members of First Technology Federal Credit have spoken with overwhelming approval of the proposed merger between First Tech and Digital Federal Credit Union (DCU). Thank you for the vote of confidence!

 

What’s Next

 

Effective January 1, 2026, First Tech and DCU will officially merge to form a single credit union named First Technology Federal Credit Union. The merger of the two companies will have no direct impact on your accounts nor your current banking relationship with First Tech.

 

Following our merger, we expect DCU and First Tech to operate as two separate operating units within First Tech for 12 to 18 months. Following completion of this integration phase, our two credit unions will consolidate operations and deliver coast-to-coast banking services all under the First Tech brand. We hope that you enjoy the journey during the integration phase and appreciate both the improved quality of products and services, and the absence of disruption in your banking life.

 

Leadership Change

 

As previously announced, and following 13 wonderful years of service to the First Tech family, I will enter retirement effective on the merger date and pass the torch to the current DCU President & CEO, Shruti Miyashiro. Shruti is an exceptional CEO and leader who will build on the proud traditions of First Tech and our culture while also moving the organization forward into a very bright future.

 

We’ll continue to keep you informed along the way, and we’re here to answer any questions you may have. Visit firsttechfed.com/merger for updates or email us at merger@firsttechfed.com.

 

Thank you for being part of this journey. The best is yet to come!

 

Greg Mitchell

President & CEO

First Tech Federal Credit Union

[hegemony]

does first tech have any decent products?

[ShawnPY1972]

8 hours ago, hegemony said:

does first tech have any decent products?

Not really.  No Cash back card.

[hegemony]

where's cv91915? he's missed an opportunity to say "memberlicious"  lol

[ShawnPY1972]

 

Following last week's history-making announcement that the First Tech member vote approved the merger with DCU, our Legal Day One will be on January 1, 2026. This is the day that DCU and First Tech will officially unite to form a single credit union named First Technology Federal Credit Union.

 

What’s next?

 

While we’ll be officially combined on January 1, 2026, it will take some time for us to fully integrate our technology and operating systems, teams and cultures to serve our members as one credit union. We will operate as First Tech and DCU, divisions of First Technology Federal Credit Union, throughout 2026 until we complete integration.

 

This year also marked a significant milestone, an approved merger with Digital Federal Credit Union (DCU) that expands our reach and creates new opportunities for members and employees alike. Together, we’re building something extraordinary—more branches, more financial rewards, enhanced products and the effortless banking experience you expect from First Tech.

 

I am honored to lead the combined credit union as President and CEO. Together, we’ll carry forward the proud legacies of both institutions that are rooted in innovation, driven by purpose, and united by a shared commitment of people helping people.

 

I also want to thank Greg Mitchell, the current First Tech President and CEO, for his outstanding leadership, work and commitment. He has established an enduring legacy that I’m incredibly proud to continue building.

 

What does this mean for you, our members?

 

This Legal Day One milestone allows our newly combined credit union to deliver even more exceptional value to you—our members—by bringing together the strength and stability of two of the nation’s most trusted technology-focused, member-driven financial institutions.

 

For now, you can count on the following:

• 

There are no planned account changes at this time, and you can continue to use your existing First Tech products and services as you do today.

• 

We will continue to operate in the same way as always.

The following benefits and services will remain as they are, even after integration is completed:

• 

First Tech’s name will carry on – We will maintain the First Tech name across all of our branches, products and services as we integrate our two credit unions.

• 

All First Tech and DCU branches will remain open and ready to serve you – You can keep doing your banking at your local branch as you always have.

• 

NCUA insurance will remain – Credit union deposits will continue to be federally insured by the NCUA, with up to $250,000 in protection for individual membership.

The following benefits and services will change, as of Legal Day One:

• 

NCUA insurance will be combined – If members have accounts at both credit unions, those accounts will be held by a single financial institution as of January 1, and after a six-month grace period, total share insurance coverage will be reduced.

As we move forward with combining the two credit unions, you can expect benefits such as:

• 

Lower fees – Starting in early 2026, First Tech and DCU will reduce or eliminate fees for several of the current services we provide. Keep an eye out for more news on firsttechfed.com and at dcu.org.

• 

More product offerings and cutting-edge technology – You’ll be able to take advantage of a broader range of products and services and improved digital technology to enhance your banking experience.

• 

Simplified, efficient service – You will have access to a more extensive network that doubles the number of branches. We’ll continue to support the Co-Op Shared Branch Network, delivering access to more than 5,000 branches and 30,000 ATMs across America. That exceeds the levels of convenience offered by most regional banks.

• 

Ongoing community involvement – We'll continue our commitment to supporting our communities through our volunteerism initiatives and philanthropic work.

Want to learn more?

 

Visit firsttechfed.com/merger where you can view all updates as we join forces. You can also hear from me in a short video, check out a list of FAQs and share any feedback or questions you may have.

 

We appreciate your loyalty and trust. Thank you for being with us—the best is yet to come, and we’re building it together!

 

Warm regards,

 

Shruti Miyashiro

President and CEO

First Tech Federal Credit Union

[chicagorich]

I sent a email question to DCU about the plan for their EQ FICO:

 

"As of now, there are no changes to the FICO Credit Score offer we have for our DCU Members. If changes are to take place, we will certainly notify our members. If this service does change, any potential change would happen towards the end of 2026."