MARLBOROUGH, Mass.–Digital Federal Credit Union (DCU) said it has become the first credit union to join the Chamber of Digital Commerce, a trade association representing the blockchain industry.
DCU said the membership reflects its reputation as an early adopter of technology, which it earned as one of the first credit unions to launch a website in 1995, introduce the ability for members to remotely deposit checks in 2008, and be one of the first financial institutions to implement mobile banking applications in 2010.
“We believe distributed ledger technology has the potential to make a positive impact for credit unions and their members,” said Jim Regan, president and CEO of DCU, in a statement. “Our membership to the Chamber will help us provide convenient, cost effective banking options.”
According to the Chamber of Digital Commerce, it represents the world’s leading innovators, operators and investors in the digital asset and blockchain technology ecosystem, including start-ups, software companies, global IT consultancies, financial institutions and investment firms. Membership is open to all those committed to supporting and growing “this thriving community.”
“We’re thrilled to welcome DCU as the first credit union in the Chamber of Digital Commerce,” said Perianne Boring, founder and president of the Chamber of Digital Commerce. “We’re preparing for a wave of distributed ledger technology uptake among financial institutions worldwide, and we commend DCU taking the first step in realizing the transformative potential of blockchain technology, and the importance of collaboration.”