About DCU Membership
Joining is easy. If you are eligible for membership as outlined under Who can Join DCU, simply complete an Online Membership Application or a Membership Application (PDF format). Simple instructions are included.
The USA Patriot Act requires all financial institutions to obtain, verify, and record information that identifies each person applying to do business with them.
Digital Federal Credit Union is a not-for-profit financial cooperative owned by and operated for our members. DCU was chartered in October of 1979. Since then, DCU has been chosen as the credit union for more than 670 companies and organizations. DCU serves more than 300,000 members and their families in all 50 states.
DCU is the largest credit union headquartered in New England as measured by assets and among the top 15 nationwide. According to Callahan & Associates, a credit union consulting group, of the top 50 largest, DCU has been the fastest growing credit union in America in the last ten years. That's thanks in large part to the satisfaction and loyalty of our members and the dedication and commitment of our volunteers and staff.
Vision and Mission
Unlike most companies, we have credit union Vision and Mission Statements that we live every day.
Our Vision – "All members achieve financial well-being"
This means DCU wants to be the catalyst and the cheerleader for our members’ long-term financial success. Products and services that give members a better financial deal and the education to make the most of them are critical. Our award-winning, unbiased StreetWise Consumer Education Program is strong evidence of our commitment to member consumer and financial education.
Our Mission –
"To be the primary financial institution of our members"
"To be the primary financial institution of our members"
We want to be our members’ first choice for everything financial. To achieve this, we continuously improve the services we offer and the ways to access those services. What’s more, we emphasize communicating the availability of beneficial products and services to members. This is so they learn what’s available to them and how to get most out of their membership.
The Credit Union Difference
Members come to DCU for a wide variety of savings products, loan products, and financial services. Our philosophy is to provide members with superior value through high dividend rates, low loan rates, easy terms, and caring, professional service. In addition, we develop relationships with other financial concerns to bring members value and convenience in investing, insurance, and business services.
DCU is governed by a 7-member Board of Directors. Directors are DCU members who are unpaid volunteers elected by the membership. These dedicated individuals set the direction of the credit union and set policies the credit union’s management and staff follow in achieving DCU’s Vision and Mission. Directors serve three-year terms.
Board elections are held each spring. Each DCU member receives one vote, regardless of their account balance, as long as they maintain a $5.00 minimum balance in their Savings Account. This democratic form of organization ensures the institution remains responsive to the needs of our member/owners.
Unlike banks, DCU has no stockholders. The members who use our services are our number one priority. All credit union earnings return to members as dividends on their savings accounts, competitive loan interest rates, cost of member service, or contribute to reserves.
Each member’s savings is insured to $100,000 by the National Credit Union Administration (NCUA), a U.S. Government Agency. Individual Retirement Accounts are insured separately up to $250,000 per member. Select here for detailed information on federal insurance.
Even so, DCU is not like other credit unions. Read about Banking – The DCU Way and find out why you should choose DCU for all your financial services.
There are several ways to qualify for membership in DCU.
Eligibility by Family Relationship to a Current DCU Member
Relatives of DCU members are eligible to join by federal regulation if they are a spouse, domestic partner, child, sibling, parent, grandparent, or grandchild of a member. This includes stepchildren, stepparents, step siblings, and adopted children.
Eligibility by Company You Work for or Retired From
You are eligible to join if you fit within any of these three groups:
- You currently work for or retired from a company in our list of participating employers (see below).
- You have a family relationship (as described above) to a non-member who currently works for or retired from a company or organization in our list of participating employers.
- You are the spouse of someone who died while they worked for or were retired from a company or organization in our list of participating employers.
Eligibility by Organization You Belong To
You are eligible to join if you fit within any of these three groups:
- You currently belong to or join an organization whose members we serve (see below).
- You have a family relationship (as described above) to a non-member who belongs to an organization in our list of participating organizations.
- You are the spouse of someone who died while they belonged to an organization in our list of participating organizations.
Eligibility by Community
You are automatically eligible to join DCU if you live, work, worship, or attend school in one the communities in our list (see below). Any business or other legal entity located in one of these areas is also automatically eligible to join.
Here is an up-to-date list of our participating employers, organizations, communities we serve. See Who can join DCU (above) for more details.
Participating Employers
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Digital Federal Credit Union
220 Donald Lynch Boulevard PO Box 9130 Marlborough, MA 01752-9130 508.263.6700 • 800.328.8797 |
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© 2008. Digital Federal Credit Union