First Tech Credit Union

infobox
header1=
header2=First Tech Credit Union
label1=Company Type
data1=Credit Union
label2=Founded
data2=January 14,1952
label3=Headquarters
data3=Beaverton, Oregon, USA
label4=Membership
data4=Pacific NW tech industry, Oregon State Employees, and other regional sponsor companies
label5=President/CEO
data5=Tom Sargent
label6=Products Offered
data6=Checking accounts, savings accounts, mortgages, loans, credit cards, home equity lines of credit, investment services, insurance services, tax services
label7=Net Assets
data7=1.8 billion (2007) cite web
url = http://www.firsttechcu.com/Files/Misc/annual_report_2007.pdf
title = 2007 Annual Report
accessdate = 2008-06-21
]
label8=Website
data8= [http://www.firsttechcu.com www.firsttechcu.com]

First Tech Credit Union (or First Tech) is a state chartered credit union headquartered in Beaverton, Oregon. It is regulated under the authority of the National Credit Union Administration (NCUA). First Tech has 16 branches located along the I-5 corridor of Western Oregon and Washington [ cite web
url = http://www.firsttechcu.com/home/why_choose_first_tech/convenience/branch_locations/locations_branch.html
title = Branch locations
accessdate = 2008-06-21
] with over 156,000 members, and over 1.8 billion dollars in assets (2007), making it one of largest state chartered credit unions in the Pacific Northwest. It was the first financial institution to offer telephone interactive voice response access and online banking.

History

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". [ cite web
url = http://findarticles.com/p/articles/mi_qa5328/is_200402/ai_n21344078
title = Tortoise or Hare?
author = Franklin, Diane
date = Feb 2004
accessdate = 2008-06-21
] 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. [ cite web
url = http://searchfinancialsecurity.techtarget.com/news/article/0,289142,sid185_gci1310519,00.html
title = Keystroke recognition aids online authentication at credit union
author = Neil Roiter, Senior Technology Editor
work = Information Security magazine
date = 21 April,2008
accessdate = 2008-06-21
]

Products

Besides standard banking services, First Tech also offers investment, insurance, and tax services to its members, including free bill payment service, an account aggregation service, and online access to check images and statements.

References


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