Shruti Miyashiro

Jim Regan, the longtime leader of Marlborough-based Digital Federal Credit Union, plans to retire this summer, and the credit union’s board has selected an industry veteran from California to replace him.

Shruti Miyashiro, currently head of the $2 billion-asset Orange County’s Credit Union in Santa Ana, has been named DCU’s next president and CEO. She will begin her new role on Aug. 1 following Regan’s retirement on July 31, DCU said in a statement. Regan has been at DCU for 30 years and became CEO in 2009.

“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,” DCU Board Chair Matthew Menning said in the statement. “Shruti brings tremendous leadership talent, over two decades of credit union experience, and unparalleled dedication to member service to DCU. 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.”

Miyashiro has been Orange County’s Credit Union’s CEO since 2007. She has more than 20 years of credit union experience, the statement said. She is on the board of technology provider Jack Henry & Assoc. and is a member of the advisory committee for the California Department of Financial Protection and Innovation. She has also been on other boards, including the Federal Home Loan Bank of San Francisco, Co-op Solutions, Western CUNA Management School and Children’s Hospital of Orange County.

“DCU is an exceptional credit union which I am honored to lead as the next CEO,” Miyashiro said in the statement. “I look forward to working with the talented team and Board to ensure DCU’s strong foundation of providing members with service excellence and innovative financial solutions continues to thrive.”

During Regan’s CEO tenure, DCU’s assets more than doubled to $9.8 billion, making it the largest credit union in New England, the statement said, adding that membership increased by 165 percent and staff grew by 69 percent. Regan also was a founding member of DCU for Kids, which has raised and donated more than $22 million since 2005.

“I speak on behalf of the Board in expressing our deep appreciation to Jim for his 30 years of service to DCU, our team, and members,. Over his three decades with DCU, including 13 years as CEO and 14 years as CFO, Jim’s executive leadership, commitment, and integrity have steered DCU to become one of the most successful and respected credit unions in the country. Jim leaves a lasting legacy of service and innovation for DCU to build on moving into the future. All of us wish him the very best in his well-deserved retirement.”