2024 Power 100: Shruti Miyashiro
Photo | Courtesy of DCU
Shruti Miyashiro, president and CEO of Digital Federal Credit Union
More Information
Shruti Miyashiro, the former California credit union executive and New England native stepped into the chief executive spot at DCU in August 2022, a fresh face succeeding longtime leader Jim Regan. Now with $12 billion in assets and 1.1 million members in all 50 states and Puerto Rico, it’s far larger than any of its credit union peers in Central Massachusetts, and showing no signs of slowing down. In fact, it’s among the top 20 largest credit unions by assets in the U.S., having increased from $9.4 billion in 2019. DCU has more than quadruple the amount of assets as the second-largest Central Massachusetts credit union.
The new national scope of the Marlborough-based credit union has accelerated under Miyashiro, who has seen 9% growth in the credit union’s commercial portfolio.
Helping the expansion were having its products like high-yield savings accounts and low-interest credit cards featured in publications like Money Magazine and Business Insider. Last year, DCU returned $70 million back to members through high-rate savings accounts and fee reductions.
Miyashiro made key changes to the C-suite in June when she appointed DCU’s first female CFO, Laurie LaChapelle, and created a new position when she named David DeWitt chief risk officer.
Charitable giving is a major component of the DCU mission and a major source of funding for area programs. The foundation DCU for Kids ended 2022 with more than $5 million in assets, last year directing $2.1 million in grants and donations to 159 organizations helping children.
“I am committed to maintaining DCU’s long-standing relationships in the Greater Worcester region and to carry forward the important partnerships we have built,” Miyashiro said.
WBJ Web Partners
Most Recent
Most Recent
0 Comments