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Review of First Tech FCU in July 2024: Offering High-Yield Checking and Savings Accounts


First Tech Federal Credit Union (FTFCU): A Comprehensive Banking Provider with High-Yield Checking and Savings Accounts

First Tech Federal Credit Union (FTFCU) offers a wide range of financial services for individuals and businesses, with a focus on high-yield checking and savings accounts. Founded in 1952 by employees of Hewlett-Packard and Tektronix, FTFCU has since expanded its reach to serve over 900 partner companies, including tech giants like HP Inc., Microsoft, and Google.

To become a member of FTFCU, individuals must meet specific eligibility criteria, such as working for a partner company, residing in Oregon, or being a member of select organizations. The credit union offers a variety of checking and savings accounts, with some accounts earning up to 5.00% APY on balances up to $15,000.

In addition to traditional banking products, FTFCU also provides services like credit cards, personal loans, vehicle loans, home loans, and commercial lending. The credit union’s online banking platform allows customers to manage their accounts conveniently, with features like mobile check deposit and Zelle for money transfers.

While FTFCU has received positive reviews for its customer service and high-yield accounts, some customers have reported issues with loan approvals and card cancellations. Overall, FTFCU is a solid option for those looking for a credit union with competitive rates and a strong focus on member satisfaction.

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