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FIRST TECH FEDERAL CREDIT UNION

Jun, 30, 2023 — FIRST TECH FEDERAL CREDIT UNION is a federal credit union headquartered in SAN JOSE, CA with 36 branch locations and about $16.42 billion in total assets. Opened 54 years ago in 1970, FIRST TECH FEDERAL CREDIT UNION has about 646,500 members and employs 1,688 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:www.firsttechfed.com
Branches:36 branch locations
Members:646,500
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:$16,416,196,372
CEO/Manager:Greg Mitchell
Chairperson:Jeff Hank

Call Report

  • First Time Homebuyer Program
  • International Remittances

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 66,957,025
TOTAL INVESTMENTS 0
Loans Held for Sale 7,464,855
 
 Real Estate Loans 7,181,896,079
 Unsecured Loans 2,333,744,523
 Other Loans 2,214,588,881
 TOTAL LOANS 11,730,229,483
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -81,755,667
 Land And Building 65,318,976
 Other Fixed Assets 56,456,561
 NCUSIF Deposit 99,022,013
 All Other Assets 3,847,101
  TOTAL ASSETS 16,416,196,372
LIABILITIES & CAPITAL:  
 Dividends Payable 500
 Notes & Interest Payable 3,737,100,000
 Accounts Payable & Other Liabilities 138,670,240
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,682,048,589
 Regular shares 2,087,979,149
 All Other Shares & Deposits 5,529,005,260
  TOTAL SHARES & DEPOSITS 11,299,032,998
  TOTAL LIABILITIES 15,174,803,738
 Regular Reserve 0
 Other Reserves -109,459,464
 Undivided Earnings 1,350,852,098
  TOTAL EQUITY 1,241,392,634
  TOTAL LIABILITIES, SHARES, & EQUITY 16,416,196,372
INCOME & EXPENSE  
 Loan Income 303,836,398
 Investment Income 80,293,649
 Other Income 13,145,955
 Total Employee Compensation & Benefits 151,425,638
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 124,331,595
 Non-operating Income & (Expense) 52,052
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 35,839,557
 Cost of Funds 67,770,934
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 25,826,242
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