Largest Credit Union in Massachusetts Names New CEO
Shruti Miyashiro will take over the helm at Digital Federal Credit Union after Jim Regan retires in July.
Shruti Miyashiro will become president/CEO of Digital Federal Credit Union on Aug. 1, the board of directors for the largest financial cooperative in Massachusetts said Friday.
She will succeed current President/CEO Jim Regan, who will retire from the Marlborough-based credit union on July 31.
Regan was appointed CEO in 2009. During his tenure, DCU grew assets from $4.4 billion to its current assets of $9.8 billion, while membership expanded from 307,309 to its current membership of 1,003,316, according to NCUA Call Reports. Regan also was a founding member of DCU for Kids, which has raised and donated more than $22 million since 2005.
“Jim leaves a lasting legacy of service and innovation for DCU to build on moving into the future,” DCU Board Chair Matthew Menning said in a prepared statement. “All of us wish him the very best in his well-deserved retirement.”
Miyashiro will join DCU from Orange County’s Credit Union in Santa Ana, Calif., where she has served as CEO since 2007. During her tenure, OCCU increased assets from $870 million to its current assets of $2.4 billion, and membership grew from 81,427 to 124,061, according to NCUA Call Reports.
She also served as CEO of the $237 million Pasadena Federal Credit Union in Pasadena, Calif., for four years.
She currently serves on the board of Jack Henry & Associates and is a member of the Advisory Committee for the California Department of Financial Protection and Innovation.
“After an extensive search, DCU could not have found a more qualified or respected leader – or a more passionate credit union industry advocate – to lead the credit union forward. Shruti brings tremendous leadership talent, over two decades of credit union experience and unparalleled dedication to member service to DCU,” Menning said. “With Shruti’s expertise, combined with our outstanding senior management and employee team and solid strategic framework, DCU is in an excellent position to continue to grow and thrive while delivering exceptional member value.”