Dec, 31, 2021 — FIRST TECH FEDERAL CREDIT UNION is a federal credit union headquartered in SAN JOSE, CA with 37 branch locations and about $14.93 billion in total assets. Opened 52 years ago in 1970, FIRST TECH FEDERAL CREDIT UNION has about 657,642 members and employs 1,585 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FIRST TECH FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2702 Orchard Pkwy SAN JOSE, CA 95134-2012 |
| Phone: | (855) 855-8805 |
| Fax: | |
| Website: | www.firsttechfed.com |
| Branches: | 37 branch locations |
| Members: | 657,642 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 19976 |
|---|---|
| Membership Type: | Multiple common bond - Primarily other manufacturing |
| Corporate Credit Union: | No |
| Year Opened: | 1970 |
| Last Audited: | Dec 01, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $14,928,780,809 |
| CEO/Manager: | Greg Mitchell |
| Chairperson: | Dotty Hayes |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 122,255,936 |
| TOTAL INVESTMENTS | 4,676,019,222 |
| Loans Held for Sale | 10,151,665 |
| Real Estate Loans | 5,934,029,345 |
| Unsecured Loans | 1,787,968,628 |
| Other Loans | 1,923,282,636 |
| TOTAL LOANS | 9,645,280,609 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -73,251,505 |
| Land And Building | 67,496,630 |
| Other Fixed Assets | 15,614,351 |
| NCUSIF Deposit | 95,699,624 |
| All Other Assets | 369,514,277 |
| TOTAL ASSETS | 14,928,780,809 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 447 |
| Notes & Interest Payable | 1,820,627,580 |
| Accounts Payable & Other Liabilities | 97,768,595 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,700,801,262 |
| Regular shares | 1,852,330,357 |
| All Other Shares & Deposits | 5,816,298,194 |
| TOTAL SHARES & DEPOSITS | 11,369,429,813 |
| TOTAL LIABILITIES | 13,287,826,435 |
| Regular Reserve | 76,882,722 |
| Other Reserves | 315,928,518 |
| Undivided Earnings | 1,248,143,134 |
| TOTAL EQUITY | 1,640,954,374 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 14,928,780,809 |
| INCOME & EXPENSE | |
| Loan Income | 360,914,029 |
| Investment Income | 83,795,684 |
| Other Income | 15,594,686 |
| Total Employee Compensation & Benefits | 188,718,769 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 142,789,739 |
| Non-operating Income & (Expense) | 9,482,090 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 32,242,805 |
| Cost of Funds | 65,329,649 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 175,003,168 |
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