Jun, 30, 2021 — FIRST TECH FEDERAL CREDIT UNION is a federal credit union headquartered in SAN JOSE, CA with 37 branch locations and about $14.08 billion in total assets. Opened 51 years ago in 1970, FIRST TECH FEDERAL CREDIT UNION has about 639,544 members and employs 1,547 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: | 37 branch locations |
| Members: | 639,544 |
| 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: | $14,077,268,325 |
| CEO/Manager: | Greg Mitchell |
| Chairperson: | Dotty Hayes |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 328,281,555 |
| TOTAL INVESTMENTS | 4,423,320,587 |
| Loans Held for Sale | 20,094,011 |
| Real Estate Loans | 5,368,495,141 |
| Unsecured Loans | 1,661,037,293 |
| Other Loans | 1,808,778,421 |
| TOTAL LOANS | 8,838,310,855 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -67,801,715 |
| Land And Building | 68,900,626 |
| Other Fixed Assets | 17,448,709 |
| NCUSIF Deposit | 95,756,397 |
| All Other Assets | 352,957,300 |
| TOTAL ASSETS | 14,077,268,325 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 468 |
| Notes & Interest Payable | 1,372,023,795 |
| Accounts Payable & Other Liabilities | 90,599,288 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,393,922,872 |
| Regular shares | 1,602,670,659 |
| All Other Shares & Deposits | 5,970,923,969 |
| TOTAL SHARES & DEPOSITS | 10,967,517,500 |
| TOTAL LIABILITIES | 12,430,141,051 |
| Regular Reserve | 76,882,722 |
| Other Reserves | 365,722,636 |
| Undivided Earnings | 1,204,521,916 |
| TOTAL EQUITY | 1,647,127,274 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 14,077,268,325 |
| INCOME & EXPENSE | |
| Loan Income | 180,343,781 |
| Investment Income | 40,334,794 |
| Other Income | 7,226,000 |
| Total Employee Compensation & Benefits | 94,574,973 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 66,683,944 |
| Non-operating Income & (Expense) | 1,545,919 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 12,290,247 |
| Cost of Funds | 33,922,026 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 131,381,950 |
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