Digital Federal Credit Union (DCU) is a
credit union based in
Marlborough, Massachusetts
Marlborough is a city in Middlesex County, Massachusetts, Middlesex County, Massachusetts, United States. The population was 41,793 at the 2020 census. Marlborough became a prosperous industrial town in the 19th century and made the transition to ...
. It has over 1,025,000 members
and is the largest
credit union headquartered in
New England
New England is a region comprising six states in the Northeastern United States: Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont. It is bordered by the state of New York to the west and by the Canadian provinces ...
as measured by assets, managing over
US $9.9 billion.
DCU is regulated under the authority of the
National Credit Union Administration
The National Credit Union Administration (NCUA) is a government-backed insurer of credit unions in the United States, one of two agencies that provide deposit insurance to depositors in U.S. depository institutions, the other being the Federa ...
(NCUA) of the US federal government.
DCU has nineteen full-service branches in
and four full-service branches in
New Hampshire
New Hampshire is a state in the New England region of the northeastern United States. It is bordered by Massachusetts to the south, Vermont to the west, Maine and the Gulf of Maine to the east, and the Canadian province of Quebec to the north. ...
, although it has members in all 50 U.S. states.
History
DCU was chartered in 1979 for employees of
Digital Equipment Corporation
Digital Equipment Corporation (DEC ), using the trademark Digital, was a major American company in the computer industry from the 1960s to the 1990s. The company was co-founded by Ken Olsen and Harlan Anderson in 1957. Olsen was president until ...
following complaints to CEO
Ken Olsen
Kenneth Harry "Ken" Olsen (February 20, 1926 – February 6, 2011) was an American engineer who co-founded Digital Equipment Corporation (DEC) in 1957 with colleague Harlan Anderson and his brother Stan Olsen.
Background
Kenneth Harry Olsen w ...
that employees had been having difficulty securing
mortgage
A mortgage loan or simply mortgage (), in civil law jurisdicions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners to raise funds for any p ...
s.
References
External links
Official siteNational Credit Union Administration
{{Digital Equipment Corporation
Digital Equipment Corporation
Credit unions based in Massachusetts
Banks established in 1979