# FIRST TECHNOLOGY
SAN JOSE, CA · NCUA charter 19976 · asset band >$10B · latest filing 2025-12 · stopped filing after 2025-12 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/first-technology-19976

Who the members are: federal charter, multiple common bond, organized 1970. 709,298 members of 8,677,858 potential (8.2% of the field); checking penetration 53% (share draft accounts per 100 members); loans per 100 members 59.

**Verdict on the desk:** this could be *liquidity-tight*. Composite score 3 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $16.45B |
| Members | 709,298 (1.9% YoY) |
| Full-time staff | 1654 |
| Net worth | $1.69B |
| Net worth ratio | 10.3% (p71 of band) |
| ROA (annualized) | 0.19% (p10 of band) |
| Total delinquency | 1.53% (p81 of band) |
| Net charge-offs (annualized) | 1.32% (p90 of band) |
| Loans / shares | 98% (p86 of band) |
| Cash / assets | 3.1% |
| Borrowings / assets | 14.59% |
| Net interest margin | 2.95% (p52 of band) |
| Operating expense / assets | 2.48% (p52 of band) |
| Vehicles % of loans | 12% (p33 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 80% |
| Third-party paper % of net worth | 80% (p38 of band) |
| Vehicle delinquency | 1.57% (p86 of band) |
| Vehicle NCO | 2.06% (p86 of band) |
| Repossessed % of vehicle book | 0.22% (p86 of band) |
| Real estate % of loans | 56% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 13% |
| Commercial % of net worth | 87% |
| Core shares % of member funds | 63% |
| Certificates % of member funds | 24% |
| Average share balance | $8,828 |
| Participations bought / yr | $156.0M |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 59% |
| Loans granted per 100 members, annualized | 10% |
| Average loan balance | $28,930 |
| Loans granted, annualized | $3.31B |

## Flags firing in the latest filing

- **assets shrinking** (`shrink_assets`)
- **loans>95% of shares** (`str_ltos`)
- **leaning on borrowings** (`str_borrowings`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 3 | loans>95% of shares, leaning on borrowings, 3rd-party paper>100% NW |  |
| 2016-06 | 3 |  |  |
| 2016-09 | 3 |  |  |
| 2016-12 | 3 |  |  |
| 2017-03 | 3 |  |  |
| 2017-06 | 4 | net worth falling |  |
| 2017-09 | 4 |  |  |
| 2017-12 | 3 |  | net worth falling |
| 2018-03 | 3 |  |  |
| 2018-06 | 3 |  |  |
| 2018-09 | 3 |  |  |
| 2018-12 | 3 |  |  |
| 2019-03 | 4 | delinquency rising |  |
| 2019-06 | 3 |  | delinquency rising |
| 2019-09 | 3 |  |  |
| 2019-12 | 3 |  |  |
| 2020-03 | 2 |  | loans>95% of shares |
| 2020-06 | 3 | net worth falling |  |
| 2020-09 | 2 |  | net worth falling |
| 2020-12 | 2 |  |  |
| 2021-03 | 2 |  |  |
| 2021-06 | 1 |  | 3rd-party paper>100% NW |
| 2021-09 | 2 | 3rd-party paper>100% NW |  |
| 2021-12 | 2 |  |  |
| 2022-03 | 2 |  |  |
| 2022-06 | 3 | loans>95% of shares |  |
| 2022-09 | 4 | net worth falling |  |
| 2022-12 | 3 |  | net worth falling |
| 2023-03 | 3 |  |  |
| 2023-06 | 3 | delinquency rising | 3rd-party paper>100% NW |
| 2023-09 | 3 |  |  |
| 2023-12 | 2 |  | delinquency rising |
| 2024-03 | 1 |  | loans>95% of shares |
| 2024-06 | 2 | loans>95% of shares |  |
| 2024-09 | 3 | delinquency rising |  |
| 2024-12 | 2 |  | loans>95% of shares |
| 2025-03 | 3 | loans>95% of shares |  |
| 2025-06 | 3 |  |  |
| 2025-09 | 4 | assets shrinking |  |
| 2025-12 | 3 |  | delinquency rising |

## In the news (Google News, unfiltered, newest first; check the city)

- 2025-12-09 [Merger of Digital Federal Credit Union and First Tech Federal Credit Union Overwhelmingly Approved by First Tech Members - PR Newswire](https://news.google.com/rss/articles/CBMihwJBVV95cUxOSkxpVWQ5V0xMTFpLRDRubU9aZzR2S3RlamxySTJweFlOeE9XckFPTlpFQWVxRWkzNHJsSXRLbV9YZno0b0J6Zm1HLWQ5RW9YNWw0aXBNMVAzSEFWQUNaTDZtMDhsR1ZkYnZQYVVqbC1jdklkTHc3VDFZVDdMcFl6TGhFQ1BuVlo2VnVKd1NrdHJOLXlQSHJlNkVUeHg1dzVxYldwOEo2Y3VYQmxtamRWZ2RrODdaOUdVSmVIYUtSTTEzT2hWSkllRFA2OWdLOUl1MHA4YVBWYjJ0ZkNQVlFxNnlkNVZ0ZUdWVmplclI2N2FIV2EwQ3R1WmZKMExBdHlFWFYxWXdQdw?oc=5) · PR Newswire
- 2026-06-29 [20 Largest Credit Unions in America | Banking Advice | U.S. News - U.S. News & World Report](https://news.google.com/rss/articles/CBMigAFBVV95cUxPTGo3NzJqcExQdW1NT240R08xaGVXT1pFZHBGS29RSG9UaUJQaWkxV3RrbEZheE5jWjRlUmp0am5oQ3V6SFh6U2lIQ2NvaWtKTnhsNko2TU0zYXRhWUFEb0ZBUWFJUkxYWlQ4eVBTWHFmNjZkbW1QOXg1VnBDbExpWA?oc=5) · U.S. News & World Report
- 2026-04-01 [US credit union First Tech hires Federal Reserve Bank of Boston GC as first CLO - The Global Legal Post](https://news.google.com/rss/articles/CBMixAFBVV95cUxQMzNSTG92eXZjNTcyZ3h2Y25jNUI4Sm1HcHFNd3RjRElMWkNQWUhXYVQ0M21Ibk04YS1hS19DTEtPX3daeG9TRHFDUDJhSzEyWUNyQ1IySWM4T1pFY0xoNHA1Y0Qzd3BzNm0tZVNIT2xRMHhnZG5IRWc0Q3Byc2NjMnNndEVzN1o1SF9kemc5RGJoOTlhNjdDNm5qbFRfQkxWb1RLNmVfR2FRZ1ZWc08yak9nOENWd0dRbldPZ1hvcFFJR1V5?oc=5) · The Global Legal Post
- 2025-09-30 [NCUA grants regulatory approval allowing Digital Federal Credit Union and First Tech Federal Credit Union to proceed with planned merger - PR Newswire](https://news.google.com/rss/articles/CBMinAJBVV95cUxNTk0yX1I5eHVOSDlQYW43NFRhRHQzUkVaMEwtZzZFU0NfOXhYZ2FEMnA2MzRwSm56Sk8zcjZOX0ZSdzdNcVpzX2lLLU9YaGtJM0FOSTZrTGlESFRhTmJ5aHR3NHc5ZlhHUDl4ekp0NmtzVFBpR1h1LTN1aFQzYWdUdXM5OXNrSTJXVWtPVDFWdFVVVUhieEY1OXpaZzcyQjl0Z1RBd2tObGRCa0x6QmRfUHgyMUdQcENuTVZVbl96UGxSOWdLS21HblAySWs2RFlLRWkxOVRwNEhLeThVS2hTWmhVYnVWSHFReVJEc2RPUUtIdEJQaTZYN0VUdUFIWmZyNmVxUldCODRaN3RtOUhnZHhaX096RWI1TTlzUw?oc=5) · PR Newswire
- 2025-12-29 [DCU changing name amid massive merger with Cali-based credit union, combining $28B in assets - masslive.com](https://news.google.com/rss/articles/CBMi0wFBVV95cUxOZVJOMTRNMkpfY3Q1REVIX2pzRHhqSG9McjFfV1R2azY4d2daSGtiZTBwV3labFFoU3hTai1kNXBBRTVHTEFsakNUdFBobkhSdUotYWRfb1hjVFFJTkZ4dkxlZXNlb19IdjVkaUZfTW9HMG5IUlN4ZWE2c3gxeW5ZQWowNHBjUFAta3J0c0ZsalBUektqZng2d0pva1pKRVYtMERxNjlIWHRpQXU0TEtQb01MRXJzT1h1RzFGNjA2MS1yTEN2ZGU4c0k5YWt1NFlncnBZ?oc=5) · masslive.com
- 2026-06-11 [First Tech Federal Credit Union review (2026): Fee-free accounts and 24/7 member support - Yahoo Finance](https://news.google.com/rss/articles/CBMisAFBVV95cUxOdUt5Sy0wWURGMy0xQWVnMThwV3FocmNDUk9PS25RVDZVancyaV92THgwaVVfSHJ6YWxVbzRXSVgteGEyMGNKQl82NVpOejRUUFV1UWFIejF2Nkg1TzB5dFVKSUVhODJDYW1CcFJWOE5ibFMtYlA1bzZnb2tuOGNfVEZLTEFPZkh4NndMeVNWQmlOeFlESVVtbUlmX3NFeU4wUWVWbERLQlRLVnFNMHQ5cg?oc=5) · Yahoo Finance
- 2023-04-27 [Top 10 US Credit Unions by Asset Size in 2023 - fintechmagazine.com](https://news.google.com/rss/articles/CBMiiAFBVV95cUxONmNUMWJpbGZkeHpVQ2xka1dTb0JOX0p0elFkSnBsTGVnRnh0Ym1HdWNJQ21rMmxMR01UWlB1dVc2VmxwMEprMzYwWno0ajVtM2diZUFpamI3NDJocEpfVHhtMllWd0oydkJFRG1kOFZEQ2VsN09nR21XMk0wczRONDFjZy1xWDJT?oc=5) · fintechmagazine.com
- 2024-09-30 [San Jose credit union with big Oregon workforce to merge with Mass. institution - The Business Journals](https://news.google.com/rss/articles/CBMimgFBVV95cUxNbEREVjdVZ0JDN29ydWsxMV9PNXFoUDdNaXdXdVV4SVRwUHh6b096czJZYlFWalNac1JrY1lpNV9ZNW5mc2x3eld6Z0xMUGZka1NnOVhuRkRGdUY5ZFFNUjdRVlpRSHlkQlExNXF1UGdUS2RiVVZPUG5hQlU2Mlo5LUptbDZjU05jbWtLWmtEZEdJZERaSjQyZkhn?oc=5) · The Business Journals

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=19976 (every cell opens its formula and NCUA account codes; the News tab is the same search)
- Latest row, JSON: https://getbookiq.com/cu-intel/data/summary.json · history: https://getbookiq.com/cu-intel/data/h/8.json (key "19976", columns cycle, assets, loans, shares, networth, nwr, roa, total_dq_pct, total_nco_pct, vehicle, veh_pct_loans, indirect, ind_pct_veh, ind_veh, ind_re, ind_comm, ind_other, ind_pct_loans, loans_n, granted_n_ytd, granted_ann, loan_pen, granted_pen, avg_loan_bal, loans_per_fte, veh_part, tp_pct_nw, veh_dq_pct, veh_nco_pct, repo_pct_veh, members_yoy, ltos, cash_pct, borrow_pct, nim_pct, opex_pct, risk_score, members, fte, cash_total, invest_sec, allowance_eff, int_income_ytd, int_exp_ytd, provision_eff_ytd, nonint_income_ytd, nonint_exp_ytd, net_income_ytd, n_flags, re_pct_loans, cc_pct_loans, comm_pct_loans, cert_pct_shares, core_pct_shares, part_buy_ann, part_sell_ann, pot_members, sh_draft_n, chk_pen, fom_pen, flags)
- Participation history: https://getbookiq.com/participation-desk/#cu=19976
- Field definitions: https://getbookiq.com/dictionary/#cu-ltos and the rest of the credit union dictionary
- Source: NCUA 5300 call report bulk files. Income fields are annualized by cycle month (Mar x4, Jun x2, Sep x4/3, Dec x1). Percentiles are within the asset band in the same quarter.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide