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Digital Chamber of Commerce welcomes first credit union

17 October 2016  |  3410 views  |  0 Source: Digital Chamber of Commerce

Digital Federal Credit Union (DCU) has joined the Chamber of Digital Commerce, the world’s leading trade association representing the blockchain industry.

Its membership reflects DCU’s 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. “Our membership to the Chamber will help us provide convenient, cost effective banking options.”

With over 500,000 members in all 50 states, DCU is one of the 20 largest credit unions, as measured by asset size, in the U.S., and the largest in New England.
“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.”

The Chamber of Digital Commerce 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.

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