Dec, 31, 2020 — FIRST TECH FEDERAL CREDIT UNION is a federal credit union headquartered in SAN JOSE, CA with 42 branch locations and about $13.83 billion in total assets. Opened 51 years ago in 1970, FIRST TECH FEDERAL CREDIT UNION has about 619,537 members and employs 1,573 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: | https://www.firsttechfed.com/ |
| Branches: | 42 branch locations |
| Members: | 619,537 |
| 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, 2019 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $13,831,197,177 |
| CEO/Manager: | Greg Mitchell |
| Chairperson: | Dotty Hayes |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 339,102,997 |
| TOTAL INVESTMENTS | 4,151,945,456 |
| Loans Held for Sale | 17,367,406 |
| Real Estate Loans | 5,550,757,493 |
| Unsecured Loans | 1,443,216,928 |
| Other Loans | 1,865,747,703 |
| TOTAL LOANS | 8,859,722,124 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -73,344,012 |
| Land And Building | 70,356,110 |
| Other Fixed Assets | 19,086,005 |
| NCUSIF Deposit | 91,477,326 |
| All Other Assets | 355,483,765 |
| TOTAL ASSETS | 13,831,197,177 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,338 |
| Notes & Interest Payable | 1,294,817,119 |
| Accounts Payable & Other Liabilities | 92,233,942 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 650,253,880 |
| Regular shares | 4,081,323,214 |
| All Other Shares & Deposits | 6,164,551,767 |
| TOTAL SHARES & DEPOSITS | 10,896,128,861 |
| TOTAL LIABILITIES | 12,283,181,260 |
| Regular Reserve | 76,882,722 |
| Other Reserves | 397,993,229 |
| Undivided Earnings | 1,073,139,966 |
| TOTAL EQUITY | 1,548,015,917 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 13,831,197,177 |
| INCOME & EXPENSE | |
| Loan Income | 392,652,460 |
| Investment Income | 98,240,343 |
| Other Income | 129,625,531 |
| Total Employee Compensation & Benefits | 179,970,101 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 140,318,085 |
| Non-operating Income & (Expense) | 16,577,938 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 60,942,303 |
| Cost of Funds | 131,842,676 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 124,023,107 |
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