First Tech Credit Union

First Tech Federal Credit Union

Type	Credit union
Industry	Tech industry Oregon State Employees and other regional sponsor companies
Founded	January 14, 1952 (1952-01-14)
Headquarters	Mountain View, California, United States
Number of locations	40 branches (2014)
Key people	Greg Mitchell (President/CEO)
Services	Checking accounts, savings accounts, mortgages, loans, credit cards, home equity lines of credit, investment services, insurance services, tax services
Net income	US$90,603,000 (2013) US$62,801,000 (2012)
Total assets	US$7,954,472,600 (2015) US$6,533,403,000 (2013) US$5,614,248,000 (2012)
Total equity	US$666,884,000 (2013) US$609,405,000 (2012)
Members	465,245 (2017)
Number of employees	1350 (2017)
Website	www.firsttechfed.com

First Tech Federal Credit Union (or First Tech) is a federally chartered credit union headquartered in Mountain View, California. It is regulated under the authority of the National Credit Union Administration (NCUA). First Tech has over 465,000 members, and over 10 billion dollars in assets with 40 branches located mostly in high technology business centers of California, Colorado, Oregon, Washington and five other states and Puerto Rico. It was the first financial institution to offer telephone interactive voice response access and online banking.

First Tech began its life as Tektronix Federal Credit Union, formed by seven Tektronix employees on January 14, 1952. In 1961, the name was changed to Tektronix Employees Federal Credit Union to reflect the credit union's membership. From very early on, technical innovation was used and resulted in First Tech's motto of "Think Forward". As early as 1976, the credit union began using computers for online data processing. By 1979, Tektronix Employees Federal Credit Union had begun the use of ATMs. In 1985, the credit union unveiled Call 24 which allowed members to check balances and transfer funds by phone.

In 1986, the name changed to First Technology Credit Union and the membership opened to include employees in the technology industry of the Pacific Northwest. In 1989, First Technology Credit Union developed and implemented the first online banking. This helped lead to the 1992 addition of Microsoft to the First Technology membership. The 1995 launch of the company's website paved the way for the credit union to become the second financial institution in the world to perform secure internet transactions. Two years later, a decision was made to shorten the name to First Tech Credit Union. First Tech has remained an early adopter of new technology in the twenty-first century, offering mobile banking in 2000, account aggregation in 2001, and biometric two-factor authentication in 2007. With over 156,000 members, and over 1.8 billion dollars in assets in 2007, First Tech was one of the largest state chartered credit unions in the Pacific Northwest.