First Tech Federal Credit Union: Is It Right for You?

Serving the technology community, First Tech Federal Credit Union is a full-service financial institution. Employees from Tektronix and Hewlett-Packard founded it in 1952, and it has since expanded to rank among the biggest credit unions in the country, with more than 700,000 members and over $13 billion in assets.

Credit cards, mortgages, investment services, loans, checking and savings accounts, and credit cards are just a few of the many goods and services that First Tech provides. It also places a lot of emphasis on financial wellness and education, providing a range of tools and services to support members in achieving their financial objectives.

One of the things that makes First Tech so attractive to its members is its commitment to providing excellent customer service. The credit union is known for its friendly and knowledgeable staff, who are always willing to go the extra mile to help members.

Another advantage of First Tech is its competitive rates and fees. The credit union offers some of the highest interest rates on savings accounts and some of the lowest interest rates on loans. It also has a variety of no-fee accounts and services available.

Overall, First Tech Federal Credit Union is a great option for anyone looking for a reliable and affordable financial institution. It offers a wide range of products and services, competitive rates and fees, and excellent customer service.

Here is a more detailed look at some of the products and services that First Tech offers:

Checking and savings accounts: First Tech offers a variety of checking and savings accounts to meet the needs of its members. Some of the most popular options include:

  • With balances up to $500,000. First Tech Rewards Checking: This account offers up to 4.00% APY.
  • First Tech Premier Rewards Banking: This account comes with free check writing and ATM refunds, in addition to even higher interest rates on balances over $500,000.
  • First Tech Carefree Checking: For those on a tight budget, this account is ideal. There is no minimum balance requirement, nor is there a monthly fee.

Credit cards: First Tech offers a variety of credit cards to choose from, including cash back cards, travel rewards cards, and balance transfer cards. Some of the most popular options include:

  • First Tech Rewards Mastercard: There is no annual fee and this card gives 2% cash back on all purchases.
  • First Tech Premier Rewards Mastercard: This card comes with purchase protection and travel insurance in addition to even greater cash back rewards.

Loans: First Tech provides a range of loans, such as mortgages, auto loans, home loans, and personal loans. The credit union is renowned for offering flexible terms and competitive rates.

Investment services: First Tech provides a range of investment services, such as brokerage accounts, investment advice, and individual retirement accounts (IRAs). The financial advisors at the credit union can assist members in designing a customized investment strategy to achieve their objectives.

First Tech provides a range of resources for financial wellness and education in addition to its goods and services. Among the resources available are:

  • Online financial literacy courses: First Tech provides a range of online courses covering investing, retirement savings, and budgeting.
  • Financial counseling: First Tech provides its members with complimentary financial counseling. Members who need assistance with budgeting, debt management, or financial planning can speak with counselors.
  • Workshops on financial wellness: First Tech hosts a number of workshops on financial wellness all year long. These workshops address financial planning for retirement, home ownership, and college savings.

All things considered, First Tech Federal Credit Union is a fantastic choice for anyone searching for a trustworthy and reasonably priced financial institution. It provides a large selection of goods and services, affordable prices, and top-notch customer support.

How to become a member of First Tech Federal Credit Union

To become a member of First Tech Federal Credit Union, you must meet one of the following eligibility requirements:

  • You work for a technology company that is one of the Select Employer Groups (SEGs) members of the credit union.
  • You are a current First Tech member’s family member.
  • You are a resident of one of the counties served by First Tech, or you work, worship, or go to school there.

You can apply for membership online or over the phone if you satisfy any of these eligibility requirements. To activate your membership after your application is accepted, you must deposit at least $5 into a savings account.

Conclusion

For anyone searching for a trustworthy and reasonably priced financial institution, First Tech Federal Credit Union is a fantastic choice. It provides a large selection of goods and services, affordable prices, and top-notch customer support. I urge you to think about joining First Tech right now if you are qualified for membership.

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