DIGITAL

220 DONALD LYNCH BLVD
Marlborough, MA 01752

Phone: 1-508-263-6700

 

2019 Overview

General Credit Union Information

NCUA Insured Yes
Charter Number # # 23521
Date Established 1979
Assets $8,607.70 million
Loans $6,738.65 million
Deposits $7,058.25 million
Capital $814.88 million

Digital is an NCUA insured institution located in Marlborough, MA. It was founded in 1979 and has approximately $8607.7 millions in assets.

Who May Join DCU?

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.

Field of Membership Restrictions

Membership in Digital Federal Credit Union is open to anyone through membership in Reach Out for Schools ($10 fee), Merrimack River Watershed Council, Inc. ($35 fee) and other select organizations. Membership is also open to those who live, work, attend school or worship in Lowell and Worcester, Massachusetts, in Cumming, Norcross, or Gainesville, Georgia and select areas of Chelmsford and Tewksbury, Massachusetts; to employees of CET Technology, Insulet Corporation, and over 500 Select Employer Groups.

Deposit Rates - March 24, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Money Market
1.56% $1,000 $9,999 Learn MoreShow Less
Money Market
1.56% $10,000 $24,999 Learn MoreShow Less
Money Market
1.66% $25,000 $49,999 Learn MoreShow Less
Fixed IRA Rates APY MIN MAX
1.97% $500 $24,999 Learn MoreShow Less
CD Rates (Share Certificate Rates) APY MIN MAX
1.21% $500 $24,999 Learn MoreShow Less
1.46% $500 $24,999 Learn MoreShow Less
1.87% $500 $24,999 Learn MoreShow Less
1.87% $500 $24,999 Learn MoreShow Less
1.97% $500 $24,999 Learn MoreShow Less
1.97% $500 $24,999 Learn MoreShow Less
2.07% $500 $24,999 Learn MoreShow Less
2.17% $500 $24,999 Learn MoreShow Less
2.28% $500 $24,999 Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.40% $1 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1 - Learn MoreShow Less
Checking Rates APY MIN FEE
Free Checking Relationship Benefits 0.00% $0 $0.00 Learn MoreShow Less
Free Checking 0.00% $0 $0.00 Learn MoreShow Less

Loan Rates - March 24, 2019

Your Current Location: Virginia, VA 20146

Home Equity Rates APR Rate Monthly Payment
Auto Loan Rates APR Rate Monthly Payment
3 Year 4.24% 4.24% $740.77
4 Year 4.24% 4.24% $567.17
5 Year 4.24% 4.24% $463.13
Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

Below are Digital branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Digital Locations


Financial Details

Digital Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Digital. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Digital U.S. Average
3.75% 6.94

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of March 31, 2018, Digital had $31,565,775 in non-current loans and $1,685,839 in owned assets. To cover these potential losses it had $814,875,732 in net worth and $71,313,868 in loans loss reserves. That gives it a Texas Ratio of 3.75%.

Net Worth
Digital U.S. Average
9.46% 13.08%

Digital FCU has a net worth of 9.46% versus the BestCashCow average of 13.08. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Customer Reviews for DIGITAL


  • Julie

    May 04, 2016

    Refi, no cash out, no second

  • Paul N

    April 07, 2016

    I just applied for a home equity loan with DCU. No problems at all so far. I did the entire application online. I did have some confusion with the info that I needed to provide. If you apply, you will need your tax returns for the past two years, most recent pay stubs, most recent real estate tax, homeowners insurance policy, and W2s. It wasn't terribly onerous but since I am not that organized it took me awhile to gather everything. I then uploaded it to their site. I also had contact with a lending rep and could ask info via secure mail. I'm waiting to hear if the loan was approved but so far no problems.

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