Mar, 31, 2021 — FIRST TECH FEDERAL CREDIT UNION is a federal credit union headquartered in SAN JOSE, CA with 38 branch locations and about $14.11 billion in total assets. Opened 51 years ago in 1970, FIRST TECH FEDERAL CREDIT UNION has about 630,286 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: | https://www.firsttechfed.com/ |
| Branches: | 38 branch locations |
| Members: | 630,286 |
| 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: | $14,107,089,226 |
| CEO/Manager: | Greg Mitchell |
| Chairperson: | Dotty Hayes |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 812,982,477 |
| TOTAL INVESTMENTS | 4,168,329,453 |
| Loans Held for Sale | 32,965,847 |
| Real Estate Loans | 5,226,456,913 |
| Unsecured Loans | 1,573,416,173 |
| Other Loans | 1,813,348,295 |
| TOTAL LOANS | 8,613,221,381 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -65,841,881 |
| Land And Building | 69,628,368 |
| Other Fixed Assets | 17,752,382 |
| NCUSIF Deposit | 91,477,326 |
| All Other Assets | 366,573,873 |
| TOTAL ASSETS | 14,107,089,226 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 87,693 |
| Notes & Interest Payable | 1,294,776,952 |
| Accounts Payable & Other Liabilities | 107,831,351 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 651,490,468 |
| Regular shares | 4,349,639,206 |
| All Other Shares & Deposits | 6,145,671,770 |
| TOTAL SHARES & DEPOSITS | 11,146,801,444 |
| TOTAL LIABILITIES | 12,549,497,440 |
| Regular Reserve | 76,882,722 |
| Other Reserves | 354,058,349 |
| Undivided Earnings | 1,126,650,715 |
| TOTAL EQUITY | 1,557,591,786 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 14,107,089,226 |
| INCOME & EXPENSE | |
| Loan Income | 91,464,565 |
| Investment Income | 21,942,919 |
| Other Income | 3,567,862 |
| Total Employee Compensation & Benefits | 46,296,055 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 32,176,520 |
| Non-operating Income & (Expense) | 850,000 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,740,671 |
| Cost of Funds | 17,531,699 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 53,510,749 |
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