First Technology Federal Credit Union
2702 Orchard Pkwy
San Jose, CA 95134
See all branch locations →
Phone 1-855-855-8805
2022 Overview
General Credit Union Information
First Technology is an NCUA insured institution located in San Jose, CA. It was founded in 1970 and has approximately $15868.64 millions in assets.
Who can join?
You can join...
If you work for a high tech or telecom sponsor company, for the State of Oregon, or in Lane County, Oregon.
If you live In Lane County Oregon.
If you are an immediate family member of a First Tech member (regardless of where you live), or if you are a member of the Financial Fitness Association.
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 19976 |
| Date Established | 1970 |
| Assets | $15,868.64 million |
| Loans | $10,878.52 million |
| Deposits | $11,117.27 million |
| Capital | $1,582.17 million |
Field of Membership Restrictions
Deposit Rates - November 28, 2022
Your Current Location: California, CA 92111
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.10% | $2,500 | $4,999 |
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|
|
Money Market
|
0.40% | $100,000 | - |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
1.20% | $500 | - |
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|
| 6 Mo CD
|
1.25% | $50,000 | - |
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|
| 12 Mo CD
|
1.80% | $500 | - |
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|
| 12 Mo CD
|
1.80% | $50,000 | - |
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|
| 13 Month Bump Up
|
1.70% | $500 | - |
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|
| 24 Mo CD
|
2.20% | $500 | - |
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|
| 24 Mo CD
|
2.25% | $50,000 | - |
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|
| 36 Mo CD
|
2.40% | $500 | - |
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|
| 36 Mo CD
|
2.25% | $50,000 | - |
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|
| 60 Mo CD
|
2.75% | $500 | - |
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|
| Compare with 4.51% APY 60 Month Online CD from M.Y. Safra Bank | Advertiser Disclosure | ||||
| 60 Mo CD
|
2.80% | $50,000 | - |
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|
| Compare with 4.51% APY 60 Month Online CD from M.Y. Safra Bank | Advertiser Disclosure | ||||
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| INTCK
|
0.05% | $0 | - | Learn More |
Loan Rates - November 28, 2022
Your Current Location: California, CA 92111
| Home Equity Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| Line of Credit See Table |
5.75% | 5.75% | Varies | |
Compare with RATE Line of Credit from New American Funding
See All Home Equity Rates |
||||
| 10 Year Loan
See Table |
7.00% | 7.00% | $580.54 | |
| 15 Year Loan
See Table |
7.50% | 7.50% | $463.51 | |
| Auto Loan Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 5 Year | 4.19% | 4.19% | $462.56 |
| Refinance Mortgage Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 15 Year Fixed Conforming See Amortization Table |
6.87% | 6.63% | $2,194.98 | |
| 15 Year Fixed Jumbo See Amortization Table |
7.11% | 7.00% | $2,247.07 | |
| 20 Year Fixed Conforming See Amortization Table |
7.45% | 7.25% | $1,975.94 | |
| 30 Year Fixed Conforming See Amortization Table |
7.52% | 7.38% | $1,726.69 | |
| 30 Year Fixed Jumbo See Amortization Table |
7.71% | 7.63% | $1,769.48 |
| Purchase Mortgage Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 15 Year Fixed Conforming See Amortization Table |
6.87% | 6.63% | $2,194.98 | |
| 15 Year Fixed Jumbo See Amortization Table |
7.11% | 7.00% | $2,247.07 | |
| 20 Year Fixed Conforming See Amortization Table |
7.45% | 7.25% | $1,975.94 | |
| 30 Year Fixed Conforming See Amortization Table |
7.52% | 7.38% | $1,726.69 | |
Compare with 6.722% APR and 6.625% 30-Year Fixed RATE from Embrace Home Loans (ICB)
See All Mortgage Rates |
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| 30 Year Fixed Jumbo See Amortization Table |
7.71% | 7.63% | $1,769.48 | |
|
Compare with 6.722% APR and 6.625% 30-Year Fixed RATE from Embrace Home Loans (ICB)
See All Mortgage Rates |
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Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.
Branches
Below are First Technology branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
San Diego,California
Climate Initiatives
FIRST TECHNOLOGY is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
Financial Details
First Technology Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of First Technology. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| First Technology | U.S. Average |
|---|---|
| 2.63% | 4.24 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of June 30, 2022, First Technology had $39,122,987 in non-current loans and $4,449,013 in owned assets. To cover these potential losses it had $1,582,170,825 in net worth and $72,860,494 in loans loss reserves. That gives it a Texas Ratio of 2.63%.
Net Worth
| First Technology | U.S. Average |
|---|---|
| 9.97% | 12.40% |
First Technology FCU has a net worth of 9.97% versus the BestCashCow average of 12.40. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
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