First Tech FCU (Easy Membership) Brings Back Depositivity Bonus


Availability: Easy Membership Requirement

About two years ago, I wrote about First Technology Federal Credit Union’s (First Tech) new Depositivity Bonus Program, and First Tech has brought this promotion back for a limited time. Now through November 30, 2016, you can earn up to a $1.5k bonus on new funds added to any checking, savings, and/or certificate accounts.

Depositivity Bonus Program Requirements

  • Promotional code must be added to First Tech account to be eligible.
  • Make new deposits to any First Tech share deposit account(s) by November 30, 2016.
  • New deposits must total $25k or more by November 30, 2016.
  • Leave new deposits in First Tech account(s) for six months from the month the promotional code was added to account.
  • On December 1, 2016, First Tech will determine if the account(s) balance(s) increased by $25k or more between August 31, 2016 and November 30, 2016.
  • This increased amount will determine which Promotional Tier Bonus applies.
  • The bonus payment will be deposited into the Membership Savings account no later than June 15, 2017.

For complete details, please refer to First Tech’s Depositivity 2016 page.


Headquartered in Mountain View, California, First Technology Federal Credit Union’s field of membership is widely diverse, providing virtually all U.S. residents the opportunity to join.

Easy Membership - Members of either the Financial Fitness Association or the Computer History Museum are eligible for membership, regardless of residency or employment status.

Residency - Individuals who live or work in Lane County, Oregon, qualify for membership.

Employment - Employees of more than 800 high tech and telecom Sponsor Companies are eligible to join, as are State of Oregon employees.

Relationship - Immediate family members of current First Tech members also qualify for membership.

Joining First Tech and opening any type of an account can be done online or by visiting any of 40 branches located in California (10), Colorado (4), Georgia, Idaho, Massachusetts, Oregon (14), Texas, Washington (7), and Puerto Rico.

Credit Union Overview

First Technology Federal Credit Union (NCUA Charter # 19976) has an overall health grade of "A+" at, with a Texas ratio of 1.95% (excellent), based on June 30, 2016 data. In the past year, First Tech has increased its total deposits by $973.38 million, an excellent annual growth rate of 17.35%. Please refer to our financial overview of First Technology Federal Credit Union for more details.

First Technology Federal Credit Union was chartered in 1970 when a small group of Hewlett-Packard and Tektronix employees decided to strengthen their individual and collective financial futures. Nearly a half-century later, First Tech has more than 444,500 members and assets in excess of $9.1 billion. First Tech describes itself as,

the nation’s premier credit union serving the world’s leading
technology-oriented companies and their employees, including HP,
Microsoft, Agilent, Intel, CISCO, Amazon, Nike, CH2M Hill, Intuit, Google and more.

How the Depositivity Bonus Compares

The best deal may be First Tech’s 6-month CD, even though its 0.30% APY is well below that of the top two nationally available 6-month CDs. With the addition of a $200 Depositivity Bonus, a $25k deposit would result in an APY of approximately 1.90%.

The above rates are accurate as of 10/7/2016.

  |     |   Comment #1
A key here to maximize the percentage return would be to deposit at or close to the low end of the tier. The higher in the tier you go, the lesser the percentage benefit would be. Ken's example is the very low mark of that tier.
  |     |   Comment #2
Regular rates are pretty abysmal and bonus structure is bottom-loaded.  For those looking to maximize return, it's not prudent to deposit any more than minimally required for any longer than necessary to earn bonus, i.e., $25K for 6 months.  Ignoring nominal fees to join either Financial Fitness or Computer History Museum, the $200 bonus for $25K entry deposit yields .8%.  At the top tier, yield for $1500 bonus drops to only .2% for the $1M+ deposit that’s required.  Rates for savings account vary from .05% (under $2.5K) to .35% ($250K+).  Minimum required for a 6 month CD that earns .30% is $500.  As I run through #s, I don't see any compelling reason to take advantage of this given number of easy options to earn 1.0% on a savings account elsewhere.
  |     |   Comment #3
Your "run through the #s" is mistaken.  As Ken indicates, 25K committed to a 6 month CD at .30% yields $37.50 plus the $200 bonus, - almost double what the 1% savings accounts you refer to would.
  |     |   Comment #4
You're right.  Thanks for the correction.
  |     |   Comment #6
For myself, a deficiency re an account in this credit union is an apparent lack of offering the option to link an external account to a checking or savings account in the credit union; I saw only a bill pay provision listed in the credit union's website.
Ted Holland
  |     |   Comment #5
Thanks for the post.  I live in Texas and like to join the membership.  What's the promo code?
First Technology FCU Depositivity Bonus Program Can Earn Up To $1.5K

Move your savings to First Technology Federal Credit Union (First Tech) and you can earn up to $1.5K with First Tech’s new "Depositivity Bonus Program."

New funds added to any checking, savings, or certificate accounts by November 30, 2014 are eligible for the Depositivity Bonus Program.

In early September, I wrote about First Tech’s 36-month CD (1.60% APY), which is still available, and which qualifies for the Depositivity Bonus Program.

The Depositivity Bonus Program is tiered as follows:

Promotional Tier

Total New Deposits

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According to FTFCU’s "Truth In Savings Disclosure" page, the Early Withdrawal Penalty is as follows:

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