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FIRST TECH FEDERAL CREDIT UNION

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.


ABA Routing Number: 321180379
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

Call Report

  • Commercial Loans
  • Debt Cancellation/Suspension
  • Indirect Consumer Loans
  • Indirect Mortgage Loans
  • Interest Only or Payment Option 1st Mortgage Loans
  • Micro Business Loans
  • Micro Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Pay Day Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • Payday Alternative Loans (PAL Loans)
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • First Time Homebuyer Program
  • Health Savings Accounts
  • In-School Branches
  • Insurance/Investment Sales
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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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