# FIRST TECHNOLOGY
SAN JOSE, CA · NCUA charter 23521 · asset band >$10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/first-technology-23521

Who the members are: federal charter, multiple common bond, organized 1979. 1,868,605 members of 51,680,974 potential (3.6% of the field); checking penetration 69% (share draft accounts per 100 members); loans per 100 members 51.

**Verdict on the desk:** this could be *ordinary*. Composite score 1 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $28.58B |
| Members | 1,868,605 (60.5% YoY) |
| Full-time staff | 3365 |
| Net worth | $3.00B |
| Net worth ratio | 10.5% (p58 of band) |
| ROA (annualized) | 0.63% (p42 of band) |
| Total delinquency | 1.23% (p75 of band) |
| Net charge-offs (annualized) | 1.76% (p96 of band) |
| Loans / shares | 90% (p58 of band) |
| Cash / assets | 8.8% |
| Borrowings / assets | 2.81% |
| Net interest margin | 4.07% (p96 of band) |
| Operating expense / assets | 3.06% (p71 of band) |
| Vehicles % of loans | 21% (p42 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 33% |
| Third-party paper % of net worth | 56% (p25 of band) |
| Vehicle delinquency | 2.01% (p96 of band) |
| Vehicle NCO | 2.28% (p96 of band) |
| Repossessed % of vehicle book | 0.11% (p62 of band) |
| Real estate % of loans | 50% |
| Credit cards % of loans | 5% |
| Unsecured % of loans | 11% |
| Commercial % of net worth | 97% |
| Core shares % of member funds | 57% |
| Certificates % of member funds | 20% |
| Average share balance | $6,296 |
| Participations bought / yr | $134.4M |
| Participations sold / yr | $49.2M |
| Participations outstanding | $493.7M |
| Loans outstanding per 100 members | 51% |
| Loans granted per 100 members, annualized | 11% |
| Average loan balance | $23,203 |
| Loans granted, annualized | $4.66B |

## Participation posture (from the same filings)

Bought $134.4M and sold $49.2M in the latest annualized quarter; $493.7M outstanding purchased (16.4% of net worth), $470.9M sold and retained. Sold in 8 and bought in 3 of the last 8 quarters. Shares 114.4% year over year.

## Flags firing in the latest filing

- **charge-offs p90** (`aq_nco_high`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 3 | thin capital, loans>95% of shares, leaning on borrowings |  |
| 2016-06 | 2 |  | thin capital |
| 2016-09 | 2 |  |  |
| 2016-12 | 2 |  |  |
| 2017-03 | 2 |  |  |
| 2017-06 | 2 |  |  |
| 2017-09 | 2 |  |  |
| 2017-12 | 2 |  |  |
| 2018-03 | 3 | net worth falling, delinquency rising | loans>95% of shares |
| 2018-06 | 2 | loans>95% of shares | net worth falling, delinquency rising |
| 2018-09 | 2 |  |  |
| 2018-12 | 2 |  |  |
| 2019-03 | 2 | delinquency 2x band | loans>95% of shares |
| 2019-06 | 3 | loans>95% of shares |  |
| 2019-09 | 4 | charge-offs p90 |  |
| 2019-12 | 2 |  | leaning on borrowings, loans>95% of shares |
| 2020-03 | 2 | net worth falling | charge-offs p90 |
| 2020-06 | 3 | thin capital |  |
| 2020-09 | 3 | margin squeeze | delinquency 2x band |
| 2020-12 | 0 |  | net worth falling, thin capital, margin squeeze |
| 2021-03 | 2 | delinquency 2x band, charge-offs p90 |  |
| 2021-06 | 3 | assets shrinking |  |
| 2021-09 | 2 |  | delinquency 2x band |
| 2021-12 | 1 |  | assets shrinking |
| 2022-03 | 1 |  |  |
| 2022-06 | 0 |  | charge-offs p90 |
| 2022-09 | 2 | charge-offs p90, loans>95% of shares |  |
| 2022-12 | 1 |  | charge-offs p90 |
| 2023-03 | 2 | expense trap |  |
| 2023-06 | 2 | thin capital | expense trap |
| 2023-09 | 1 |  | thin capital |
| 2023-12 | 2 | delinquency rising |  |
| 2024-03 | 2 |  |  |
| 2024-06 | 2 |  |  |
| 2024-09 | 1 |  | delinquency rising |
| 2024-12 | 1 |  |  |
| 2025-03 | 1 | net worth falling | loans>95% of shares |
| 2025-06 | 0 |  | net worth falling |
| 2025-09 | 0 |  |  |
| 2025-12 | 0 |  |  |
| 2026-03 | 1 | charge-offs p90 |  |

## 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=23521 (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/33.json (key "23521", 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=23521
- 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