Digital Federal Credit Union and First Tech Federal Credit Union Set to Merge Following NCUA Approval
On September 30, 2025, the National Credit Union Administration (NCUA) granted regulatory approval for the merger between two prominent financial institutions: Digital Federal Credit Union (DCU) and First Tech Federal Credit Union. This considerable step forward paves the way for an impending member vote at First Tech, crucial for finalizing the merger. The credit union members will cast their votes from October to December 2025, adhering to First Tech’s bylaws and overseen by an independent vendor. Following a favorable outcome from the vote, the legal merger of the two organizations is anticipated to be completed by January 1, 2026.
The merger is significant as it merges two of the country’s most revered credit unions, enabling the new entity to harness the strengths of both organizations. Combined, these institutions will serve approximately two million members with a robust network of more than 50 branches across eight states, creating a $28 billion financial powerhouse in the credit union sector. The operational name of the merged organization will be First Tech Federal Credit Union, a recognizable brand in the tech community.
At the helm of this transition will be Shruti Miyashiro, the current President and CEO of Digital Federal Credit Union. She will lead the newly formed organization, dedicated to fostering a digitally enabled environment adjusted to modern financial needs. Greg Mitchell, the existing President and CEO of First Tech, is expected to play a vital role during this transitional phase before his scheduled retirement in December 2025.
The forthcoming partnership seeks to amplify the benefits offered to members by enhancing access to superior financial products and services while integrating innovative technologies. Both credit unions have a tradition of innovation and ambitious goals aimed at improving member experiences, and this merger is set to further this mission.
With its combined resources, the new entity will provide expanded branch access throughout the nation, promoting better service availability during more extensive operating hours. Additionally, the merger positions the credit union to invest in research and development, ensuring that members benefit from the latest advancements in financial technology, thus enriching their digital banking experience.
Not only will this merger provide financial benefits to its members, but it will also create enriched career opportunities for employees, supported by competitive benefits and a robust workplace culture. The organizations are committed to enhancing community welfare and philanthropy, addressing vital issues such as child well-being, access to technology, and education in science, technology, engineering, and mathematics (STEM).
"The merger reflects a pivotal moment in the credit union sector, aiming to create a fundamentally member-focused financial institution marked by technological savvy and customer service excellence," commented Shruti Miyashiro. "This merger will greatly augment our capacity to serve and support our communities, members, and employees in the years ahead."
Greg Mitchell echoed this sentiment, highlighting the collaborative vision aimed at redesigning financial services for the modern era. "We are excited to reach this historic milestone that promises to dramatically enhance the future of services provided to our members and the communities we serve," he said.
To stay updated on this historic merger, members and interested parties can find further information and ongoing developments at the official websites of DCU and First Tech. Together, these two institutions are poised to set a new benchmark in the financial industry, showcasing a powerful blend of technology and community engagement that will serve their members well into the future.
The merger is significant as it merges two of the country’s most revered credit unions, enabling the new entity to harness the strengths of both organizations. Combined, these institutions will serve approximately two million members with a robust network of more than 50 branches across eight states, creating a $28 billion financial powerhouse in the credit union sector. The operational name of the merged organization will be First Tech Federal Credit Union, a recognizable brand in the tech community.
At the helm of this transition will be Shruti Miyashiro, the current President and CEO of Digital Federal Credit Union. She will lead the newly formed organization, dedicated to fostering a digitally enabled environment adjusted to modern financial needs. Greg Mitchell, the existing President and CEO of First Tech, is expected to play a vital role during this transitional phase before his scheduled retirement in December 2025.
The forthcoming partnership seeks to amplify the benefits offered to members by enhancing access to superior financial products and services while integrating innovative technologies. Both credit unions have a tradition of innovation and ambitious goals aimed at improving member experiences, and this merger is set to further this mission.
With its combined resources, the new entity will provide expanded branch access throughout the nation, promoting better service availability during more extensive operating hours. Additionally, the merger positions the credit union to invest in research and development, ensuring that members benefit from the latest advancements in financial technology, thus enriching their digital banking experience.
Not only will this merger provide financial benefits to its members, but it will also create enriched career opportunities for employees, supported by competitive benefits and a robust workplace culture. The organizations are committed to enhancing community welfare and philanthropy, addressing vital issues such as child well-being, access to technology, and education in science, technology, engineering, and mathematics (STEM).
"The merger reflects a pivotal moment in the credit union sector, aiming to create a fundamentally member-focused financial institution marked by technological savvy and customer service excellence," commented Shruti Miyashiro. "This merger will greatly augment our capacity to serve and support our communities, members, and employees in the years ahead."
Greg Mitchell echoed this sentiment, highlighting the collaborative vision aimed at redesigning financial services for the modern era. "We are excited to reach this historic milestone that promises to dramatically enhance the future of services provided to our members and the communities we serve," he said.
To stay updated on this historic merger, members and interested parties can find further information and ongoing developments at the official websites of DCU and First Tech. Together, these two institutions are poised to set a new benchmark in the financial industry, showcasing a powerful blend of technology and community engagement that will serve their members well into the future.
Topics Financial Services & Investing）
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