We’re strong

Many members have contacted us in the last few weeks asking about First Tech’s stability, the safety of their funds on deposit, and the economy in general. We assure you that your credit union is a strong, growing, well-capitalized institution with plenty of funds available to meet your needs.

We’re here to help
We’re committed to helping you through these challenging economic times. Your membership offers you access to the tools, advice, and expertise you need to make informed financial decisions. If you’re concerned about stock market volatility and how it may affect your investment portfolio, then give First Tech Investment Services* a call at 800.637.0852 ext 3371. Or, if you’re feeling the economic pinch in your household, then call one of our financial educators at 800.637.0852 ext 4681. They can help you review your financial situation and establish a budget you can stick to. And of course, we continue to offer mortgage, equity, and consumer loans to meet your needs.

Strength in numbers
Every decision we make has you, the member, at the forefront of our minds because our core purpose is to help you strengthen your financial life. And rest assured your credit union is strong too.

What makes us strong?

• We are member owned. You are one of 155,000 member-owners. We exist to meet your financial needs, not the needs of stockholders.
• We are well-capitalized. We have money to lend and to support future growth.
• We have a diversified loan portfolio. We vigilantly review our lending practices to ensure we’re making sound decisions and maintaining a well-balanced portfolio. That is exactly why we did not offer the higher risk first and second mortgage products that are underlying the market issues we face today.
• We operate efficiently. Because we are member owned and operate efficiently, we can continue to uphold member value with lower fees and better rates.

First Tech at a glance
Asset size: $1.9 billion
17 locations in Oregon and Washington

Measure	First Tech’s Performance*	Definition
Capital Ratio	8.91%	A measure of financial stability. A well-capitalized institution is better protected against operating losses. NCUA considers a credit union well-capitalized at 7%
Delinquency Ratio	.66%	Percent of total loans delinquent 60 days or more.

For more information about First Tech’s or any other credit unions' financial performance, visit ncua.gov.

Resources

First Tech financial reports
Annual Report 2007
Annual Report 2006
Annual Report 2005

Credit union regulation
The National Credit Union Administration, NCUA, is the federal government agency that oversees the safety and soundness of the credit unions they insure. The NCUA also operates the National Credit Union Share Insurance Fund (NCUSIF) which protects you against losses if a federally insured credit union should fail. The NCUSIF is the credit union version of the FDIC.