Here is the Money Life Wax banking review of First Tech Federal Credit Union! The History of First Tech Federal Credit Union:įirst Tech Federal Credit Union was founded in 1952 in Hillsboro, Oregon and as of 2014, the bank had 40 locations all in the western United States.Ĭommonly referred to as First Tech or “Firsttechfed,” the banking institution was chartered by seven founding members and its original name was Tektronix Federal Credit Union. Just like how grabbing breakfast at the local greasy diner seems to be a rarity anymore, like everything, banking has changed with the presence of the internet.Īnd the pioneers of online banking? That would be First Tech Federal Credit Union, commonly known as “Firsttechfed.” The days when you went to your local bank, deposited your work check and said hello to the friendly teller who knew everyone by their last name are few and far between.įor better or worse, many of the “Traditional Banking” customs are few and far between. This protection could cancel your loan balance or payments up to the contract maximums in case of death, disability or involuntary unemployment.Share on Twitter Share on Facebook Share on LinkedIn Share on Pinterest You can also purchase optional payment protection through First Tech’s DebtSafe program. With that line of credit, you can borrow up to $25,000 and make payments only when you carry a balance. For example, First Tech offers a revolving line of credit with rates as low as 12%. It’s worth mentioning that First Tech has other financing options available that come with different repayment terms and APRs. How much you borrow will determine your loan term (or vice versa), and the longer the term, the higher the minimum APR.įirst Tech doesn’t publish maximum APRs for personal loans on its website, but a company representative we spoke with told us the maximum APR for all loan terms is 18.00%. Borrowers can secure a personal loan for as little as $500 or as much as $50,000. First Tech Federal Credit Union offers a wide range of loan terms and amounts.
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