MARLBOROUGH, Mass. and SAN JOSE, Calif. — Members of First Tech Federal Credit Union have approved the previously announced merger with Digital Federal Credit Union, clearing the way for the two institutions to legally combine on Jan. 1, 2026.
Under the deal, First Tech and DCU will operate as separate divisions during 2026 under the First Tech Federal Credit Union name. The combined organization will hold approximately $28.7 billion in assets, serve nearly two million members nationwide, and operate more than 50 branches across eight states. DCU President and CEO Shruti Miyashiro will lead the merged credit union, the organizations stated in a release.
"This merger of equals is more than a milestone—it's a launchpad," said Miyashiro. "By joining forces, we're purposefully building something different: a financial partner that designs experiences that are as forward-thinking as the members and communities we serve. The foundation of our future success was laid by Greg, whom I want to thank for his leadership and impact on First Tech and on the credit union industry. Greg's leadership has shown what it means to lead with integrity and serve with heart. Thank you for establishing a legacy that I'm deeply honored to build upon."
"Today, we begin to realize our shared vision of boundless possibilities in service to more than two million current (and eight million prospective) members serving America's technology sectors," said Greg Mitchell, current President and CEO of First Tech. "We share roots with thousands of innovators, dreamers, and doers who seek to build brighter futures for all. We are grateful to the thousands of First Tech employees and members who voted in our election, and I am personally excited to welcome Shruti Miyashiro as my successor... This next step in our journey will deliver great benefits for current and future members, employees and the communities where we live and work. The best is yet to come."