Chamber of Digital Commerce, the leading trade association representing the blockchain industry, has announced that Digital Federal Credit Union (DCU) has joined the Chamber, becoming the first credit union to become its member.

The membership reflects DCU’s reputation as an early adopter of technology. It was 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.”

DCU is a not-for- profit financial cooperative serving over 500,000 members in all 50 states. It is one of the 20 largest credit unions, as measured by asset size, in the U.S., and the largest in New England. DCU offers a full range of financial services to consumers and businesses, including banking, lending, financial management, insurance and realty.

“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 and includes the likes of IBM, Microsoft, DTCC, Bitfinex, BitFury, Netki, Skry, and many others.