First Technology Federal Credit Union

Overview / Commentary
2702 Orchard Pkwy
San Jose, CA 95134

First Technology Federal Credit Union is headquartered in San Jose and is the 3rd largest credit union in the state of California. It is also the 9th largest credit union in the nation. It was established in 1970 and as of June of 2021, it had grown to 1,542 employees and 639,544 members at 32 locations. First Technology Federal Credit Union has an A+ health rating.

Field of Membership Restrictions

Membership in First Technology Federal Credit Union is open to members of the Financial Fitness Association (join for $8 yearly fee) or the Computer History Museum ($15 yearly fee). Membership is also open to those who live and work in Lane County in Oregon and for those who work for a high tech or telecom company, or the state of Oregon.
See current membership details

Excellent Credit Union

Posted by: |

We moved our accounts to First Tech a little over a year ago to receive true Chip and Pin cards (as opposed to the US default of Chip and Signature) because of international travel. Since moving we cannot be more pleased with First Tech. We receive excellent customer service, and we never question the security of our accounts. There isn't even a local branch available in our state, but with the availability of Shared Branching COOP we don't even notice. ATM fees are refunded and the mobile app handles most everything we need. When we do travel to an area and can transact business in person the service has been nothing but spectacular.

First tech Credit union

First tech is a good, no-fee credit union. They do not require a minimum balance on either the savings or the checking account. The few times that I required help, I received very attentive, timely, and competent aid. As the name of the union implies, the staff there were very tech savvy and easily understood any technological problems I ran into. In fact, I set up the entire banking service online with them, when I was out of the country. The requirement for sign-up, however, was a bit difficult. I had to join a money-management group for a low fee (around 8 dollars) before being allowed into the credit union. I use this credit union as a secondary account, and it linked up easily with by main (Bank of America) account, which receives my automatic deposits.

First Technology Is Okay

Posted by: |

I've been a member of First Technology CU since June of 1987, when it was the credit union for Tektronix.  Back then it was a small, friendly credit union that really strived for excellent customer service.  Over the years, I've had a number of car loans and HELOC loans through First Technology. For years, I was content to do all of my backing with First Technology.

I first noticed customer service slipping when First Technology became the credit union for Microsoft.  At that time, they made it difficult to use any other financial planning software other than MS Money.  They eventually relented and went back to supporting Quicken.

About 5 years ago, I noticed that the tellers and phone support people picked up an attitude.  After way too many encounters with surly phone support folks, I moved my checking and savings accounts to Advantis CU, which is more like what First Technology was 20 years ago.

First Technology is in negotiations with the banking regulators to merge with Addison Avenue CU (HP's old CU).  It remains to be seen if the regulators will allow First Technology and Addison Avenue to merge.  If approved, the merged entity will be called First Technology, but the headquarters will be in Palo Alto, CA instead of Beaverton, OR.  So I guess the HP versus Tektronix war is over and HP won.  Long live Tektronix!

My employer prefers HSA accounts at First Technology, so I am still a member, but I can't honestly recommend First Technology.  Their savings rates, and customer service are below average.  Their website is one of the best around.

Careful...They Will Tell You They Can’T Refund An Overpayment Then Will Charge You An Inactivity Fee.

Posted by: |

We purchased a new vehicle last year and the dealership financed it through first tech federal credit Union. We paid it off with 2 months, and overpaid by $5.00. We contacted First tech to receive a refund ($5.00 is $5.00 ....) and was advised they could not offer a refund due to the 5.00 amount would cost them more to issue the refund. So, they put it into a checking account.
We really had no other reason to deal with this bank at this point, but recently we received a notice that since there had been no activity on the account we would be assessed a $5.00 monthly fee. So I contacted them as advised regarding the letter we received dated July 19th and requested a refund check. Jessica, advised there was no reason a refund was not issued when we contacted them last year, but advised she would not be issuing a refund due to inactivity on the account.
We recently returned from a month long vacation with family and the deadline to open a new savings account or initiate activity by 8/15/21. The notice was received was dated July 19th and we returned home August 18th! Congratulations to First Tech!
Hopefully they will put the overpayment to good use!



Health Grade Components

NCUA #19976
Year Chartered1970
Primary Regulator
Profit Margin
Return on Assets - YTD1.86%
Return on Equity - YTD15.95%
Annual Interest Income$220.7MM
Assets and Liabilities
AssetsQ2 2021vs Q2 2020$14.08B$14.41B
LoansQ2 2021vs Q2 2020$8.84B$9.08B
DepositsQ2 2021vs Q2 2020$10.97B$10.40B
Equity CapitalQ2 2021vs Q2 2020$1.65B$3.93B
Loan Loss AllowanceQ2 2021vs Q2 2020$67.8MM$60.9MM
Unbacked Noncurrent LoansQ2 2021vs Q2 2020$18.7MM$21.7MM
Real Estate OwnedQ2 2021vs Q2 2020$0$137.00K
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

First Technology Federal Credit Union Savings Account Rates

5.00%*-$1kStart Up Savings
OTHER TIERS: 0.10% $1k+
2.00%-$1kFirst Tech Rewards Savings
1.00%--HSA Checking
0.15%*$250k*-Instant Access Savings
OTHER TIERS: 0.05% Up to $2.5k | 0.10% $2.5k - $250k
0.15%*$250k*-Instant Access IRA
OTHER TIERS: 0.05% Up to $2.5k | 0.10% $2.5k - $250k
0.15%*$250k*-Instant Access Roth IRA
OTHER TIERS: 0.05% Up to $2.5k | 0.10% $2.5k - $250k
0.15%*$250k*-Instant Access CESA
OTHER TIERS: 0.05% Up to $2.5k | 0.10% $2.5k - $250k
0.15%*$250k*-Business Instant Access
OTHER TIERS: 0.05% Up to $2.5k | 0.10% $2.5k - $250k
0.10%--Carefree Savings
0.05%--Membership Savings
0.05%--IRA Savings
0.05%--Roth IRA Savings
0.05%--Coverdell Savings
0.05%--Business Membership Savings
0.05%--Simple Business Savings

First Technology Federal Credit Union Checking Account Rates

1.00%-$10kDividend Rewards Checking
0.50%-$15kFirst Tech Rewards Checking
0.10%*$50k*-Business Dividend Checking
OTHER TIERS: 0.05% Up to $50k
0.10%--Start Up Checking
0.05%--First Checking Plus

First Technology Federal Credit Union CD Rates

1.20%$50k-60 Month Jumbo CD
1.15%$500-60 Month CD
1.15%$500-Business 60 Month CD
0.90%$50k-36 Month Jumbo Bump Up CD
0.85%$500-36 Month Bump Up CD
0.45%$50k-36 Month Jumbo CD
0.40%$500-36 Month CD
0.40%$500-Business 36 Month CD
0.40%$50k-24 Month Jumbo CD
0.35%$500-24 Month CD
0.35%$50k-24 Month Jumbo Bump Up CD
0.35%$500-Business 24 Month CD
0.30%$50k-12 Month Jumbo CD
0.30%$500-24 Month Bump Up CD
0.25%$500-12 Month CD
0.25%$500-Business 12 Month CD
0.25%$50k-13 Month Jumbo Bump Up CD
0.20%$500-13 Month Bump Up CD
0.20%$500-Business 13 Month Bump Up CD
0.20%$50k-6 Month Jumbo CD
0.15%$500-6 Month CD
0.15%$500-Business 6 Month CD

First Technology Federal Credit Union IRA Rates

1.20%$50k-60 Month Jumbo IRA
1.15%$500-60 Month IRA
0.45%$50k-36 Month Jumbo IRA
0.40%$500-36 Month IRA
0.40%$50k-24 Month Jumbo IRA
0.35%$500-24 Month IRA
0.30%$50k-12 Month Jumbo IRA
0.25%$500-12 Month IRA
0.25%$50k-13 Month Jumbo Bump Up IRA
0.20%$500-13 Month Bump Up IRA
0.20%$50k-6 Month Jumbo IRA
0.15%$500-6 Month IRA


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