First Tech Federal Credit Union Personal Loans and Services Overview

First Tech Federal Credit Union offers a range of personal loan options to help you achieve your financial goals. These loans can be used for debt consolidation, home improvements, or other expenses.

Their personal loan rates are competitive, with rates starting as low as 7.99% APR. This can be a significant cost savings compared to other lenders.

First Tech Federal Credit Union also provides a variety of services to help you manage your finances, including online banking and mobile banking apps. These tools allow you to check your account balances, pay bills, and transfer funds from your phone or computer.

Their financial education resources, such as budgeting tools and financial calculators, can also help you make informed decisions about your money.

First Tech Federal Credit Union offers a range of personal loan options that can be used for various purposes, including consolidating high-interest-rate loans and credit cards, paying for weddings and funerals, and covering emergency expenses.

You can borrow between $500 and $50,000, and the loan terms range from 6 to 84 months. There's also an option to defer your first payment for 45 days, which can be a great option if you need a little more time to make your first payment after getting your loan.

If you choose to defer your payment, keep in mind that you'll be paying more interest on the outstanding balance than if you made your payment on its regular due date. This means your APR and overall interest costs will be slightly higher than if you didn't accept the deferral.

Here are some key features of First Tech's personal loans:

If you're looking for a personal loan, you have options. First Tech Federal Credit Union offers an unsecured personal loan that can be used for various purposes.

You can use the loan to consolidate high-interest-rate loans and credit cards, pay for weddings and funerals, cover emergency expenses like medical or vet bills, or even pay for vacations.

There are some restrictions on how you can use the loan, though. You can't use the funds to pay for post-secondary educational expenses, and you can't use the loan proceeds for business or commercial use.

To qualify for a personal loan from First Tech Federal Credit Union, you need to become a credit union member first.

Here are some of the types of personal loans offered by First Tech Federal Credit Union:

Note: The article doesn't specify what a secured personal loan is, but it can be inferred that it requires collateral to secure the loan.

Refinancing a personal loan can be a great way to simplify your finances and save money on interest.

You can refinance an existing personal loan with First Tech Federal Credit Union, but you'll need to qualify for a new personal loan first.

If you're approved, you can use the funds to pay off your existing loan, which can be beneficial if you want a lower interest rate or a longer repayment term.

Refinancing can help you lower your monthly payments by spreading out the cost over a longer period of time.

The First Tech Federal Credit Union offers a range of credit cards, including the Platinum card, which is a secured card that requires a refundable security deposit upon account opening.

This deposit serves as your credit limit, ensuring you can't spend more than you can afford. The Platinum card reports your financial activity to the major credit bureaus, including TransUnion, Experian, and Equifax, on a monthly basis.

The First Tech Choice Rewards World Mastercard is another option, but be aware that it does a hard pull on your credit report when you apply, which can result in a slight decrease in your credit score.

The Platinum card, however, has the highest credit limit allowed for a secured card, at $25,000.

The First Tech Choice Rewards World Mastercard has a very generous grace period of at least 21 days. This means you won't be charged interest if you pay your balance in full by the payment due date.

If you pay your statement balance in full every month, you'll avoid interest charges altogether. This is a great incentive to pay off your balance on time.

The key thing to keep in mind is that you don't have to pay the entire balance by the due date. But if you decide to pay less than the full amount, you'll start accruing interest on the remaining balance.

The First Tech Credit Union Platinum credit card is a great option for those looking to build credit. It's a secured card, which means you'll need to make a refundable security deposit upon account opening.

This deposit will also serve as your credit limit, so you can only spend what you can afford. The card reports your financial activity to the major credit bureaus, including TransUnion, Experian, and Equifax, on a monthly basis.

With some responsible credit behavior, you can start building a positive credit history. The card's high credit limit of $25,000 is also a benefit, as it gives you more flexibility to make purchases and pay off your balance.

You can even increase your credit limit by submitting a request online for another payment, which will be added to your existing limit.

The First Tech Choice Rewards World Mastercard does a hard pull on your credit report when you apply for the card. This usually results in a slight decrease in your credit score, but the effect only lasts for a short period of time.

A hard pull allows the issuer to determine your credit risk and decide whether you'll be approved for an account.

BECU is a great option to consider, especially if you can't qualify for First Tech Federal Credit Union. They offer low-to-no-fee accounts and a variety of financial services.

Their membership is quite extensive, including residents, employees, or worshippers of Washington, Idaho, and Oregon. This makes it a great choice for those living in these regions.

Rates are subject to change, but as of July 22, 2024, their information on accounts was accurate.

Alliant has a lower overdraft fee compared to First Tech, at $0 per occurrence. This means you can have peace of mind if you accidentally overdraft your account.

Incoming wire transfers are free at Alliant, which can save you $5 per transfer compared to First Tech.

First Tech Federal Credit Union has a straightforward application process. To apply for the First Tech Choice Rewards card, you'll need to provide some basic information, and the credit union will perform a hard inquiry on your credit report.

The credit union mainly uses Experian to check your credit, but they may use TransUnion or Equifax instead, according to anecdotal evidence. So, if any of your credit reports are frozen, you should unfreeze them before applying for the card.

The First Tech Choice Rewards requires good credit or better, so make sure your credit score is in good shape before applying.

If you can't qualify for a personal loan on your own, First Tech Federal Credit Union allows co-signers and co-borrowers, giving you a second chance at approval.

Personal loan providers don't always offer this feature, so it's essential to check with your lender before applying.

To become a member of First Tech Federal Credit Union, you have a few options.

You can join if a family member or household member is already a First Tech member.

If you work for a company on the credit union's partner list or for the State of Oregon, you're eligible for membership.

You can also join if you live in Lane County, Oregon.

You can become a member by joining the Computer History Museum for $15 per year or the Financial Fitness Association for $8 per year.

To apply for a personal loan from First Tech Federal Credit Union, you'll need to become a credit union member first.

The credit union has eligibility requirements for membership, so be sure to check those out before applying.

Gather your basic personal information, including your Social Security number, driver's license or state ID, and contact information.

You'll need this to check your rate and complete the loan application.

First Tech will conduct a soft credit check, which won't impact your credit score, when you check your rate online.

This will give you an idea of whether you qualify for the loan and the rates and terms you might receive.

Once you review the rates and terms, you can complete your application online.

At this point, the credit union will perform a hard credit check and full underwriting to see if you qualify.

Here are the steps to apply for a personal loan from First Tech Federal Credit Union:

If your First Tech Choice Rewards application was denied, it's likely due to a low credit score, not enough disposable income, or too much debt.

You'll receive a letter from First Tech Federal Credit Union explaining the exact reason for the denial.

If you feel your application deserves a second look, call First Tech Federal Credit Union's customer service at 1 (855) 855-8805 for further clarification.

Unfortunately, a denied application doesn't necessarily mean you're out of luck.

First Tech Choice Rewards uses Experian to check your credit when you apply, though they may use TransUnion or Equifax instead.

You'll need to unfreeze any credit reports that are frozen before applying for the card, as a hard inquiry will be performed on your credit.

The First Tech Choice Rewards requires good credit or better, so make sure your credit score is in good shape before applying.

If you're planning to apply, be aware that a hard inquiry will be performed on your credit, which can temporarily affect your credit score.

Applying for a loan from First Tech Federal Credit Union is a straightforward process. You'll need to become a credit union member first, which is a requirement for taking out a loan.

To become a member, you'll need to meet their eligibility requirements. The credit union also offers a simple online application process that's easy to navigate.

Here are the steps to apply for a personal loan from First Tech Federal Credit Union:

One of the benefits of applying online is that you can get an idea of your rates and terms before committing to a loan. This can save you time and hassle in the long run.

Holly McHugh has been promoted to General Counsel at First Tech Federal Credit Union, where she will lead the Enterprise Governance & Legal Affairs (EGLA) team.

She brings over a decade of experience in commercial real estate finance, bond finance, asset-based finance, and corporate governance.

McHugh will report directly to President and CEO Greg Mitchell.

She previously worked at the law firm Miller Nash LLP as a partner in the financial institutions practice.

McHugh's appointment succeeds Phil Campbell, who retired after 12 years as General Counsel.

First Tech's extended family will benefit from McHugh's intellect and business savvy.

First Tech Federal Credit Union offers a wide range of services to meet your financial needs. Their online program is user-friendly and allows you to manage your accounts, make payments, and even transfer funds.

One of the standout features of First Tech is their personal loan program, which offers unique benefits such as the option to defer your first payment for 45 days. This can be a great option if you need a little extra time to make your first payment.

Here are some of the key features of First Tech's personal loan program:

In addition to personal loans, First Tech offers a full suite of banking and credit union products, including deposit accounts, investment products, home loans, vehicle loans, and more.

First Tech Federal Credit Union offers a range of personal loan features that set it apart from other lenders.

One of the unique features is the option to defer your first payment for 45 days, giving you some extra time to get settled after receiving your loan.

This deferral is optional and won't affect your credit score, but keep in mind that you'll pay more interest on the outstanding balance if you choose to defer your payment.

The credit union also offers DebtSafe, a payment protection option that can help cover your loan payments and finances in case of death, disability, or job loss.

This program can be a lifesaver in difficult circumstances, and it's included in the loan terms.

Here are some key details about First Tech Federal Credit Union's personal loan features:

By offering these features, First Tech Federal Credit Union shows its commitment to supporting its members and making the loan process as smooth as possible.

First Tech has a reputation for providing outstanding service. Their online program has everything you need, including wire transfers.

They're available to help via phone or email, so you rarely need to visit a branch. This convenience is a big plus for many customers.

First Tech's exceptional customer service has earned them a 4.0 rating out of 5 on the Combined Consumer Review rating. This rating is based on reviews from two third-party review sites.

Their personalized service is beyond what you'd expect from many companies. They'll even follow up with a phone call to ensure you have everything you need.

First Tech's commitment to exceptional service is evident in their reviews. Many customers have praised their friendly and knowledgeable staff.

Their A+ Better Business Bureau rating and 4.4 average rating on Trustpilot are a testament to their dedication to customer satisfaction.

You can count on First Tech to provide the service you need, when you need it. Whether it's a loan application or a simple transaction, they'll make the experience enjoyable and stress-free.

First Tech Federal Credit Union offers a debit card with their First Tech Rewards Checking account. This account also comes with a competitive APY of 3.50% for balances up to $15,000.

The First Tech Rewards Checking account has no monthly fees and no minimum balance requirements, making it a low-maintenance option. However, it does require a minimum opening deposit of $10.

You'll also need to become a member of First Tech Credit Union to open this account. For the most up-to-date information, it's best to check the First Tech Credit Union website directly.

First Tech Federal Credit Union offers a wide range of services that can compete with top banks. Their services include deposit accounts, loans, mortgages, investing, retirement planning, and insurance products.

They have a full suite of traditional banking and credit union products, which include deposit accounts, investment products, home loans, vehicle loans, student loan refinancing, personal insurance, business insurance, and business banking.

Some of the key services they offer include personal loans, home loans, vehicle loans, and student loan refinancing.

Here are some of the insurance products they offer:

These services are designed to help members achieve their financial goals and provide peace of mind.

First Tech Federal Credit Union offers a wide range of banking services, making it a one-stop-shop for all your financial needs.

Their deposit accounts are a great place to start, allowing you to save and manage your money with ease.

You can also take advantage of their investment products to grow your wealth over time.

First Tech Fed has a full suite of traditional banking and credit union products, including home loans, vehicle loans, and student loan refinancing.

Here are some of the banking and insurance services offered by First Tech Federal Credit Union:

Savings Accounts can be a great way to set aside money for specific goals.

First Tech Federal Credit Union offers savings accounts with no minimum balance requirements, allowing you to start with as little as $5.

You can open a savings account for each type of goal, such as saving for a home down payment, emergency fund, wedding, or trip.

The three options from First Tech Federal Credit Union have no monthly service fees, which means you won't have to worry about extra charges.

You can earn interest on your savings, with APY rates ranging from 0.05% to 0.80% depending on the account.

This is a great opportunity to start saving and watching your money grow over time.

Share certificates are a type of CD that can be a good option for those looking for a low-risk investment with a fixed interest rate.

First Tech Federal Credit Union offers a Share Certificate with terms ranging from six to 60 months, allowing you to choose a term that suits your needs.

You can earn a guaranteed interest rate between 1.80% and 3.85% with a Share Certificate, depending on the term and balance.

A minimum of $500 is required to open a CD, but higher balances and longer terms can help you get the best rates.

It's worth noting that a longer term will typically result in a higher interest rate, but you'll need to keep your money locked in the account for the specified period.

With a Share Certificate, you can earn a fixed interest rate without the risk of market fluctuations, making it a good option for those who want to preserve their capital.

First Tech Credit Union is federally insured, but by the National Credit Union Administration (NCUA) rather than the FDIC, which insures banks.

The NCUA insures all deposited funds for up to $250,000.

Innovation is at the forefront of banking, as seen in the tech industry where First Tech Federal Credit Union serves the community. They prioritize the digital experience, making banking more convenient and accessible.

The digital experience is a key aspect of banking, especially for those in the tech industry, where First Tech Federal Credit Union operates.

First Tech Federal Credit Union offers a range of personal loan options with competitive APRs, ranging from 8.49% to 18.00%.

The credit union provides loan amounts from $500 to $50,000, with flexible loan terms of 6 to 84 months.

One notable feature is the lack of an origination fee, making it an attractive option for those looking to avoid extra costs.

Here's a comparison of First Tech Federal Credit Union with other lenders:

First Tech Federal Credit Union is specifically designed for tech industry employees, making it a great option for those in the field.

If you're in the market for a personal loan, there are many lenders to choose from, each with their own pros and cons. First Tech Federal Credit Union is a solid option, offering competitive rates and flexible terms.

Their APR range is 8.49%–18.00%, which is relatively low compared to some other lenders. You can borrow anywhere from $500 to $50,000, and choose a loan term that suits your needs, from 6 to 84 months.

One feature that sets First Tech apart is their option to defer your first payment for 45 days, giving you some breathing room if you need it. They also don't charge origination fees, which means you get to keep more of your loan amount.

Here's a comparison of First Tech with other lenders:

As you can see, First Tech's APR range is lower than some of the other lenders, but LightStream's range is wider. Patelco Credit Union has a higher recommended minimum credit score of 640, while First Tech doesn't disclose a minimum credit score on their website.

Ultimately, the best lender for you will depend on your individual needs and circumstances. Be sure to do your research and compare multiple lenders before making a decision.

OnPoint Community has a strong presence in Oregon, where membership is available for residents of 28 counties and two in Washington.

If you're a resident of Oregon, OnPoint membership might be a good option, considering its extensive network of 57 branches across the state and southwest Washington.

OnPoint offers a more limited range of services compared to First Tech Federal Credit Union.

It's worth noting that OnPoint's narrower service offerings might not be ideal for those seeking a one-stop-shop for all their financial needs.

First Tech Fed's rates are competitive, especially for high balances. CDs earn as much as 3.85%. First Tech Rewards account holders have access to 5.00% APY rates for balances under $15,000.

You can expect to pay $2 for out-of-network ATM transactions, but the good news is that there's no monthly maintenance fee.

Some common fees to be aware of include:

First Tech Fed's rates are competitive, especially for high balances. CDs earn as much as 3.85%.

If you're a First Tech Rewards account holder, you'll have access to 5.00% APY rates for balances under $15,000.

Let's take a closer look at the fees associated with your account. Monthly Maintenance Fees are a thing of the past, as they're a whopping $0.

Some fees are unavoidable, like the $2 charge for using an out-of-network ATM. You'll also be hit with a $33 fee if you need to stop payment on a transaction.

If you need to send a cashier's check, don't worry about the fee – it's also $0. However, if you receive an incoming wire transfer, you'll be charged $5.

Outgoing wire transfers come with a higher price tag: $20 for domestic transfers and a whopping $65 for international ones. And, of course, there's the $33 Overdraft Fee to watch out for.

Here's a quick rundown of the fees you should be aware of:

First Tech Federal Credit Union has a robust mobile app that allows for account management, bill payments, and more. This app is a convenient way to handle your financial tasks on the go.

There are numerous physical branches and ATMs available across the country, with 35 physical branches and 30,000 free ATMs nationwide. This extensive network provides easy access to your money.

You can also visit an Experience Center, schedule a virtual appointment, or send a secure message through the app to get help when you need it. First Tech's digital approach to customer service means there's always someone available to assist you.

Having a checking account that earns interest can make a big difference in your finances. You can earn as high as 5.00% APY for balances under $15,000 with a premium First Tech Rewards account.

Some accounts even offer perks like ATM rebates, which can help you save money on banking fees. For example, you can get up to $15 in ATM rebates each month with a First Tech Rewards account.

First Tech's digital approach to customer service means there's always someone available when you need help. You can visit an Experience Center, schedule a virtual appointment, or send a secure message when you're logged in to your account.

First Tech Federal Credit Union has a mobile app that can be used for digital banking and for accessing your loan account. The app is robust enough to handle account management, bill payments, and more.

There are 35 physical branches, as well as 5,600 CO-OP branches and 30,000 free ATMs nationwide. This extensive network makes it easy to find a location near you.

To give you an idea of just how extensive First Tech's network is, here's a breakdown of their branch and ATM locations:

First Tech's commitment to accessibility and convenience is clear. Whether you prefer to bank in person or from the comfort of your own home, they've got you covered.