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First Tech Routing #321180379

Support for tech employees facing job uncertainty  

Image of a woman sitting on a sofa and browsing her phone.
Image of a woman sitting on a sofa and browsing her phone.

Unexpected job loss can be devastating, but there are actions you can take to protect your finances. We were founded upon the philosophy of people helping people, and we have been helping tech employees navigate their financial futures for over 70 years, including preparing for times of job uncertainty.

In the case of a job loss, you may have received a severance package, final paycheck, or a payout of any accrued paid time off. You may also have questions about your 401(k) plan and other investment vehicles, or you may be wondering about unemployment benefits. If you planned ahead, you could have an emergency savings account to utilize—and if not, you can make an emergency savings account a priority when better times prevail.

Maybe you feel like you could be better prepared for a potential job loss. Perhaps you’ve already lost your job and are looking for answers to financial questions. First Tech has resources to help you manage your financial future confidently, so you can stay on your feet and moving ahead with your financial goals while your next career move awaits.

Financial tools and resources

We’ve collected our most helpful articles and videos related to job transitions and put them in a single place for you to browse and view on your own time. Check out our job transition page. We also have a number of financial calculators to help you make the most of your budget when your income is reduced, and plan ahead for your savings and retirement goals.

No-cost consultations

Meet one-on-one over the phone with a First Tech representative to assist with your general financial needs in a financial wellness check-in. Or meet with a Financial Advisor at Addison Avenue Investment Services to provide retirement and investment guidance. Either way, we can help you make a plan for your short and long-term future.
Connect with a Financial Advisor MEET IN-PERSON WITH A FIRST TECH REPRESENTATIVE

Loan payment assistance request

We understand the loss of a job may be a financial hardship. For members who have lost a job and are receiving unemployment benefits, we may be able to provide assistance. Please see the FAQs below for important information about loan payment assistance. If you’re interested in payment assistance on your First Tech consumer loan, please complete the form below. All consumer loan requests will be processed assuming you meet qualifications of the program.
Consumer loan payment assistance request

Requests for mortgage forbearance will require a conversation with a First Tech representative on the Loan Workouts team. Please call 855.855.8805, extension 4662 to discuss your situation.

Frequently asked questions.

We’re here to support you—and we appreciate your patience.

Once your request is submitted, our team will review and process it within 15 business days. Requests are handled in the order they’re received, and we’ll reach out if we need any additional information to move forward.

If your request involves mortgage loan forbearance, a First Tech representative will contact you directly to discuss your options.

Need help or have questions?

Yes, your loan term may be extended if you're participating in a payment assistance program.

Here’s how it works:

  • Any payments not made as scheduled may be added to the end of your loan term as a balloon payment.
  • You can choose to pay off this amount earlier by making additional payments during your regular payment schedule—there are no prepayment penalties.

If you have questions about your loan maturity date or want to explore payoff options, our team is here to help.

Helpful Resources

First Tech is committed to supporting members through financial challenges. We regularly review our loan assistance programs to ensure they meet current needs.

Please note:
Loan payment assistance programs may be updated or discontinued at any time without prior notice. If you're experiencing financial hardship or have questions about available options, we encourage you to reach out as soon as possible.

Next Steps

We understand how important your credit history is, and we’re committed to handling your loan assistance request with care.

Here’s what you need to know:

  • If there’s a processing delay that results in a 30-day credit mark, we’ll make sure it’s corrected.
  • If a regular payment is missed or late for any reason outside of an approved assistance plan, it may be reported to the credit bureaus as usual.

If you’ve requested payment assistance and have concerns about your credit reporting, please reach out to our team. We’re here to help clarify your options and ensure your account is accurately managed.

Helpful Resources

Yes—you have flexible options to make a reduced payment on your First Tech consumer loan.

Here’s how:

  • Online Banking: Utilize the link below to start the process.
  • By Phone: If you’re enrolled in VoiceID, you can make a payment quickly—without waiting for a representative.

If you’re experiencing financial hardship or need help with payment options, we’re here to support you. Reach out to discuss flexible solutions that fit your needs.

Helpful Resources

If you've requested payment assistance on your First Tech consumer loan, your temporary reduced monthly payment is based on your original payment amount.

Here’s a breakdown of how it works:

$200 or less

$40

$201 – $300

$90

$301 – $400

$140

$401 – $500

$190

$501 – $600

$240

$601 or more

$290

You can make your reduced payment through Digital Banking. If you're enrolled in VoiceID, you can make a payment quickly without waiting for a representative.

If your financial situation changes, you’re welcome to resume regular payments at any time.

Helpful Resources

If your financial situation has improved and you no longer need payment assistance, you’re welcome to resume making regular payments at any time.

Simply log in to Digital Banking to make a payment or call us. If you're enrolled in VoiceID, you can make a payment quickly without waiting for a representative.

We’re glad to see you moving forward—and we’re always here if you need support again in the future.

Helpful Resources

A balloon payment is a large, lump-sum payment due at the end of a loan term. It typically occurs when smaller or deferred payments are made throughout the loan, leaving a significant balance to be paid at maturity.

Key things to know:

  • Balloon payments are not common in most consumer loans but may apply to certain loan structures.
  • They can help lower monthly payments early on, but require careful planning to manage the final payment.
  • If you're unsure whether your loan includes a balloon payment, reach out to us—we’re here to help you understand your terms.

Helpful Resources

Raymond James corporate
Privacy, Security & Account Protection │ BrokerCheck® │Raymond James Legal Disclosures (including Form CRS)

Securities offered through Raymond James Financial Services, Inc., member FINRA/SIPC, marketed as Addison Avenue Investment Services and are not insured by any credit union insurance, the NCUA or any other government agency, are not deposits or obligations of the credit union are not guaranteed by the credit union, and are subject to risks, including the possible loss of principal. Investment advisory services offered through Raymond James Financial Services Advisors, Inc. First Tech Federal Credit Union and the Addison Avenue Investment Services are separately owned and operated and not independently registered as broker-dealers or investment advisers.

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