Understanding Statements

This guide will help you to understand your First Tech statement. If you have any questions, call 800.637.0852 or email memberservice@firsttechcu.com.

1. First Tech logo and name indicates you now have a new statement format.
2. Have a question about your statement? Use this contact information to call a First Tech rep about your account.
3. First Tech special message area.
4. This is where your First Tech account number can be found. (If you're one of the members who received a new First Tech account number, look in the letter enclosed with the Welcome Kit for your new number).
5. The "From" and "Through" dates indicate the time period covered on your statement. Please notice that statement dates have changed somewhat.
6. Each of your savings/loan accounts are separated and identified by a two-digit number and the name of the account. This is further described in the Account Changes section of this Welcome Kit.
7. Transaction Date indicates the date the transaction took place. Effective Date indicates the date your account balance was adjusted to reflect that transaction.
8. Y-T-D Dividends indicates how much you've earned year-to-date in dividends.
9. For each account that earns dividends, you will see a Truth In Savings statement. Each statement includes the Annual Percentage Yield (APY), the APY earned and how often dividends are paid.
10. For checking accounts you will first see a brief summary of your account activity for the statement period. The following sections for each checking account will detail deposits, checks cleared and miscellaneous debits (any non-check withdrawals) for your account.
11. The low monthly balance amount is useful if you have a checking account requiring you to maintain a certain balance level to avoid a monthly service fee.
12. Miscellaneous Debits include any non-check withdrawal. For example: transfers out of your account, bill payer transactions, ATM withdrawals, check reorder fees, etc.
13. Any loans you might have are listed here on the statement. You'll find the loan balance remaining and other vital information about the loan.
14. The Year-To-Date Tax Summary includes a variety of information regarding your dividends earned and more for all savings accounts.