First Tech FCU & DCU merging

[AndySoCal]

In the what is changing is an important note to pay attention to. The NCUA insurance is $250000 per depositor per institution IE 250000 for DCU accounts and 250000 for First Technology Accounts.  After the merger the combined deposits will be covered for 250000 per depositor. Both credit unions are well capitalized . If you have questions or concerns about your coverage you  can use the calculator in the link below The insurance coverage is the same for the FDCIC and NCUA.

https://edie.fdic.gov/calculator.html 

[MeowingTheCat]

They metioned that on FAQ:

"If I’m a member at both First Tech and DCU already, how does this impact my NCUA National Credit Union Share Insurance Fund coverage?"

"Both DCU and First Tech are federally insured credit unions through the National Credit Union Share Insurance Fund (NCUSIF). As of January 1, 2026, when the credit unions have combined, each member of the combined credit union will have up to $250,000 in share insurance coverage across all accounts through the NCUSIF.

If you have accounts at both credit unions, those accounts will be held by a single financial institution as of January 1. After a six-month grace period, your total share insurance coverage will be reduced."

[AndySoCal]

This also will be true in the Capital One Discover Bank merger as well the only difference is it the FDIC Insurance fund. The rule applies to all credit union and bank mergers.

If the accounts are held jointly you have 500000  on these accounts. If you not sure use the link in my first to be sure