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FIRST TECH FEDERAL CREDIT UNION

Dec, 31, 2021 — FIRST TECH FEDERAL CREDIT UNION is a federal credit union headquartered in SAN JOSE, CA with 37 branch locations and about $14.93 billion in total assets. Opened 52 years ago in 1970, FIRST TECH FEDERAL CREDIT UNION has about 657,642 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.


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:37 branch locations
Members:657,642
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:$14,928,780,809
CEO/Manager:Greg Mitchell
Chairperson:Dotty Hayes

Call Report

  • First Time Homebuyer Program
  • International Remittances

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 122,255,936
TOTAL INVESTMENTS 4,676,019,222
Loans Held for Sale 10,151,665
 
 Real Estate Loans 5,934,029,345
 Unsecured Loans 1,787,968,628
 Other Loans 1,923,282,636
 TOTAL LOANS 9,645,280,609
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -73,251,505
 Land And Building 67,496,630
 Other Fixed Assets 15,614,351
 NCUSIF Deposit 95,699,624
 All Other Assets 369,514,277
  TOTAL ASSETS 14,928,780,809
LIABILITIES & CAPITAL:  
 Dividends Payable 447
 Notes & Interest Payable 1,820,627,580
 Accounts Payable & Other Liabilities 97,768,595
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,700,801,262
 Regular shares 1,852,330,357
 All Other Shares & Deposits 5,816,298,194
  TOTAL SHARES & DEPOSITS 11,369,429,813
  TOTAL LIABILITIES 13,287,826,435
 Regular Reserve 76,882,722
 Other Reserves 315,928,518
 Undivided Earnings 1,248,143,134
  TOTAL EQUITY 1,640,954,374
  TOTAL LIABILITIES, SHARES, & EQUITY 14,928,780,809
INCOME & EXPENSE  
 Loan Income 360,914,029
 Investment Income 83,795,684
 Other Income 15,594,686
 Total Employee Compensation & Benefits 188,718,769
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 142,789,739
 Non-operating Income & (Expense) 9,482,090
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 32,242,805
 Cost of Funds 65,329,649
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 175,003,168
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