Mar, 31, 2022 — FIRST TECH FEDERAL CREDIT UNION is a federal credit union headquartered in SAN JOSE, CA with 37 branch locations and about $15.01 billion in total assets. Opened 52 years ago in 1970, FIRST TECH FEDERAL CREDIT UNION has about 629,940 members and employs 1,612 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: | 629,940 |
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $15,010,950,182 |
| CEO/Manager: | Greg Mitchell |
| Chairperson: | Jeff Hank |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 181,596,323 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 12,323,019 |
| Real Estate Loans | 6,102,948,512 |
| Unsecured Loans | 1,975,635,639 |
| Other Loans | 1,946,610,891 |
| TOTAL LOANS | 10,025,195,042 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -78,022,779 |
| Land And Building | 66,770,257 |
| Other Fixed Assets | 57,843,911 |
| NCUSIF Deposit | 95,699,624 |
| All Other Assets | 3,267,551 |
| TOTAL ASSETS | 15,010,950,182 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 461 |
| Notes & Interest Payable | 1,801,493,513 |
| Accounts Payable & Other Liabilities | 135,300,936 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,740,368,777 |
| Regular shares | 2,061,772,120 |
| All Other Shares & Deposits | 5,788,970,760 |
| TOTAL SHARES & DEPOSITS | 11,591,111,657 |
| TOTAL LIABILITIES | 13,527,906,567 |
| Regular Reserve | 0 |
| Other Reserves | 146,929,325 |
| Undivided Earnings | 1,336,114,290 |
| TOTAL EQUITY | 1,483,043,615 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 15,010,950,182 |
| INCOME & EXPENSE | |
| Loan Income | 91,917,308 |
| Investment Income | 26,077,284 |
| Other Income | 4,207,200 |
| Total Employee Compensation & Benefits | 48,066,116 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 39,180,432 |
| Non-operating Income & (Expense) | -194,278 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 12,444,837 |
| Cost of Funds | 15,851,175 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 11,088,434 |
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