will be interresting. I have accounts at both.
Going to be interesting indeed, DCU is my trusted anchor secured account that would never get closed. They also had the godlike HELOC which I hope to be able to leverage later.
First Tech, well they didn't close the CC that hasn't been used in 5 years so that's something.
Written press release link:
Yep got it as well.. Least I have my credit card I have wanted with First Tech forever but turned down by first tech for excessive credit 
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Email I got if anyone wondering. Late 2025 so basically a year away why even bother announcing now though lol.
Dear Valued DCU Member,
45 years ago, the employees of Digital Equipment Corporation (DEC) founded a credit union for employees, retirees and their families to reach their financial goals collectively. Thanks to the culture of innovation that we adopted from the DEC employees who founded us in 1979, Digital Federal Credit Union (DCU) has grown to serve more than 1.1 million members nationwide. This growth stems from the trust you place in DCU when you refer your family members and co-workers from a variety of workplaces across the nation, inviting them to bank with us.
Today we are announcing another exciting milestone in our proud history - our intent to combine with a peer credit union on the West Coast, First Tech Federal Credit Union. Together, we will form a powerhouse in the industry - a coast-to-coast credit union with assets of approximately $28 billion, serving nearly two million members nationwide, with over 50 branches in eight states.
Why DCU and First Tech?
Our combination with First Tech means that after the merger, we can collectively provide you with an enhanced financial experience beginning with unrivaled modern technology-enabled experiences, a more robust set of investment and insurance options, a coast-to-coast branch network, and expanded hours of information center support.
We have a lot in common with First Tech – another reason this combination makes sense. We have aligned values, similar membership, a shared DNA rooted in innovation and a heritage of serving technology employees and families. Together we will continue our history of innovation and growth which has been DCU’s hallmark since our founding.
What does this mean for all of you – our members?
For now, nothing will change as we - DCU and First Tech - will continue to operate independently as we work toward regulatory approval from the National Credit Union Administration (NCUA) and from First Tech members who will be moving to DCU’s charter. We expect those approvals will not occur until the second half of 2025.
Very little will be different until then. Your accounts and memberships will be the same. We will continue to work together to proudly serve all of you - our members - as we have always done—in the DCU Way.
We will always remain true to our values as a member-owned co-op that continues to put member, employee and community needs above profits. You can also read more about the benefits of this combination by visiting our new landing page.
What’s next?
Until we start the integration process with First Tech in late 2025, please continue to use your DCU accounts and services in the same ways you always have.
We are committed to sharing regular updates with all of you about the valuable new benefits the combined credit union will bring. You’ll see regular updates in our monthly member newsletter and on DCU.org. We will also launch a dedicated portal for you to share your comments or questions with our leadership in coming weeks.
The security of your accounts is always our priority. A change like this can invite fraudsters who seek to take advantage. We will never call or email to ask you to act on your accounts within an email, but rather we will direct you to log in to your DCU Digital Banking message center, to call our Information Center or visit a branch. Please remain vigilant to any communications you receive.
We are excited for DCU’s next chapter as it will help us bring you an even better member experience while staying true to those same principles that launched us 45 years ago. As always, thank you for your loyalty and your trust as we continue to partner with you in achieving your financial goals.
With gratitude for your continued membership,
Shruti Miyashiro
President and CEO
Digital Federal Credit Union
I wonder if, and if so how, their being in this period leading up to a merger affects their underwriting practices.
@SouthJamaica wrote:I wonder if, and if so how, their being in this period leading up to a merger affects their underwriting practices.
Probably not at all for now. It takes a bunch of work to merge financial institutions, it'll be a while before they get on the same loan origination system and underwriting. They may try to syncronize that before at least in rates and overall UW guidelines but I wouldn't expect that soon either.
So I included DCU in my ch7 for a a small balance <2k
i joined first tech this morning and wonder if upon merge what will happen to my account(s)
