First Tech Federal Credit Union has announced that it will be merging with Digital Credit Union (DCU) pending approval by NCUA. Readers will be familiar with both credit unions due to sign up bonuses offer by First Tech and referral bonus/0% APR deals offered by DCU.
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Would it make sense to close accounts with both banks in hopes of a new account bonus offer after the merger?
Wonder if they’ll ever bring that $150 referral bonus back
First Tech absolutely blows all around and DCU’s customer service went to complete shit a long time ago. This is a nightmare in the making.
I honestly hope it gets blocked for whatever reason. Last thing we need is another gargantuan credit union trying to be a mega-bank (looking at you PenFed).
What’s your problem with PF? I’ve gotten many bonuses from them over the years and they have solid CS.
Eric, what bonuses did you get from PenFed over the years? The last decent one was their checking bonus back in around 2020…. The more recent ones require a huge sum of deposit…. What kind of bonuses did you get I’m curious? Also, what do you think about their PathFinder credit card? Thank you!
Eric 🔗
Off the top of my head, I’ve gotten the following from PF over the years.
Targeted Checking promo
Targeted Premier Savings promo
Several spend offers on my Platinum
$100 “free” money (less if I buy and sell an AA gc) each year on my Pathfinder
Good CD rates in the past
Good for you Eric. I wish I’d get that any Targeted promos from them…..
So many complaints about First Tech…You people do realize the new entity will be run by DCU CEO under the DCU charter? Only First Tech’s name stays.
First Tech are a bunch of bozos. They have several branches and ATMs on my employer’s campus. They were my primary financial institution when the merger with Addison Avenue went through. That was a disaster with the tech stacks for each being down for days at a time. You couldn’t even go into a branch to make a transaction let alone use the website.
I had a bunch of fun with them last year, when their ATM ate my cash deposit that I was intending to deposit at another CU. It took weeks to sort out.
My advice to DCU members is to find another credit union and close your accounts before the merger goes through.
i love DCU. first tech blows. hard pull for membership then denied me for credit card. during recon, i remember the rep was not nice at all. never bother with them again. dcu shower me with pre approvals ever since i became a member. but i’m just loving their 6% saving account. lol
When did they do a hard pull? I opened my FT account earlier this year and there was no hard credit pull or Chex inquiry.
“hard pull for membership then denied me for credit card”
Ben was probably a non-member and applied for the membership and credit card together. He can’t tell the exact sequence but the inquiry presumably came last.
The hard pull would have been for the CC. But he only netted a membership plus an inquiry. The result for him was equivalent to a hard pull for membership.
His DP should be phrased as “hard pull for (membership and credit card denial).”
Hmm…Fidgital Federal. It does have a ring to it…or not?? Lol…have a blessed rest of your day!!
Welp, we’ll see how this goes. I loved using DCU.
No more yearly 0% apr offers. Should have know something was up when they only offered a low apr % this year. Discover buyout might stop their 0% offers too. Oh well, hopefully another bank or cu will step up.
“The name of the combined credit union will be First Technology Federal Credit Union, or First Tech for short.”
I’m no branding expert but that’s surprising they wouldn’t prefer DCU