First Tech Federal Credit Union Review 2022 Updates

– First Tech Federal Credit Union –

If you are looking for a high-interest checking account, First Tech Federal is a strong option to consider if you live on the west coast. This article covers everything you will need to know about First Tech Federal Credit Union.

First Tech Federal Credit Union

Joining and opening an account is simple and easy at First Federal Credit Union which means you won’t lose much if you don’t like it.

However, to open an account with First Tech, you must be a member of the credit union. You are eligible to be a member if you work for certain tech companies or the state of Oregon.

If you live or work in Lane County, Oregon, you are eligible. Immediate family members of members are eligible. You can also become a member by joining the Computer History Museum or the Financial Fitness Association.

About First Tech FCU

The first branch location of First Tech Credit Union opened in 1952. It started with a few workers from Hewlett-Packard and Tektronix. By 1989, their credit union offered the first online banking.

By 2000, they had launched mobile banking. In 2007, they started two-factor authentication to further protect their members. By 2015, they offered even more security through chip and PIN-enabled debit and credit cards.

Today First Tech has over 500,000 members with over $11 billion in assets. They now have more than 1,400 employees with branch locations in eight states and Puerto Rico.

Pros and Cons of First Federal Credit Union


  • Dividend Rewards checking earns great rates
  • No monthly maintenance fees
  • CDs offer competitive rates


  • Must become a member first
  • Tiered interest rates
  • High opening amount for Instant Access
  • Low daily ATM withdrawal amount


first tech fed checking



firsttechfed savings

firsttechfed certificates

Loans: Home, Auto, Student Loan Refinancing

One reason a lot of customers choose a credit union over banks is for their rates. If you plan on taking out a loan, credit unions are an excellent way to secure lower rates, but how does First Tech stack up against the competition?

If you’re looking to buy a home, First Tech has four different types of mortgage loans. We are going to focus on their traditional fixed-rate home loan.

They have rates as low as 4.125% APR right now. One additional claim they make regarding their mortgage is “most purchases close within 28 days.”

They also offer several kinds of auto loans, a new car loan, a used auto loan, and auto loan refinancing. With a new car loan, which is for current models or the previous car models, you can get rates as low as 4.74% APR for up to 84 months at the moment. Compared to some other lenders and banks, this is very competitive.

For their used car loans, which are defined as cars within 2 – 10 model years, you can be looking at rates as low as 4.89% for up to 84 months. Just like with their new car loans, this is competitive with the national average for auto loans.


Frequently Asked Questions

1. Is First Tech free?

Yes. Their accounts do not have monthly maintenance fees. They are completely free.

2. Is First Tech a good credit union?

The interest rates on most accounts are competitive if you meet the set requirements. There are a wide variety of accounts and other services. Personal deposit accounts can be opened online.

The opening required amounts for most accounts are low. There are no monthly maintenance fees. You do have to become a member to open any accounts with First Tech.

3. Is First Tech FDIC insured?

Yes. First Tech Federal Credit Union is backed by the National Credit Union Association. The NCUA is an agency of the United States government. It protects funds deposited in credit unions, up to $250,000 per customer, per credit union. The money deposited in NCUA insured credit unions means money is backed by the full faith and credit of the United States government.

4. Does First Tech offer mobile banking?

Yes. With the mobile app, you can transfer money and contact customer service. However, with the app, you can make mobile deposits and transfer money with Zelle.

Every person is different, and everyone has different preferences for their money and how they save and spend it. It’s impossible to say which credit union is “best,” because they all have different advantages.

We hope this article has been helpful for you. Please share it with anyone who you think will appreciate the information!


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