2022 Year in Review
A few notable achievements in 2022:
Originated $5.0 billion in new consumer loans to help members build stronger financial futures.
Increased assets by 11.9% reaching $16.7 billion in total assets as the 9th largest credit union in the country.
Generated $95 million** in core income while providing material economic relief for impacted members, solid investments in infrastructure and strong reserves to cover long-term impacts of the pandemic.
Increased regulatory capital to more than $1.62 billion resulting in a $453.6 million surplus to protect our members and fuel future growth.
Recorded solid improvement in member sentiment and satisfaction scores while earning national recognition for member service and our improved mobile banking solutions.
Retained our ranking as the largest credit union investment program in the United States through Addison Avenue Investment Services.
Protected nearly 16,000 member households through our independent insurance agency.
Expanded remote banking options and improved fraud prevention measures to strengthen members’ security and account access during the pandemic.
Contributed more than $4 million to support 128 nonprofit organizations.
Originated more than 8,000 mortgage loans while navigating members through a challenging housing market and rate environment.
Our approach to funding
Credit Union for Kids
For more than 35 years, First Tech has led the way in fundraising efforts for Credit Unions for Kids (CU4Kids), which benefits Children’s Miracle Network Hospitals (CMN) across our footprint. Supporting the youngest members of our community has always been a top priority for First Tech. In 2022, First Tech employees and members, business leaders and credit unions from across the region raised more than $1.6 million dollars as part of the annual Credit Unions for Kids fundraising campaign.
A people first approach to sustainability at First Tech
Being mindful about our environmental impact is a core value at First Tech. We don’t just give lip service to making our work environment better and more sustainable—we demonstrate our commitment with thoughtful action.
First Tech and Centro Cultural team up to tackle hunger with Community Garden
First Tech family comes together for Pride Month celebration
Strong risk management practices aid First Tech’s stability and growth
A message from President and CEO, Greg Mitchell: Looking ahead to 2023
In 2023, we will continue to deliver the product and service experiences that our members have come to expect and appreciate from us, placing our members at the center of all that we do. We remain confident in the long-term future of First Tech that through safe and sound business practices, and our indomitable spirit, we will continue to shine and grow stronger than ever on our journey to become America’s most admired credit union. We are grateful to have you as part of our family. The best is yet to come!