Your cookie choices

We use necessary cookies to make this site work. With your permission, analytics cookies help us understand usage and marketing cookies support advertising.

You can reject non-essential cookies and still use the site. Change your choices anytime in Cookie settings.

Cookie settingsCookie policy

First Tech Federal Credit Union review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.

Our verdict

First Tech Federal Credit Union lends directly to members at 11.99%, on loans of $500 to $50,000 over terms of 12 to 60 with an arrangement fee of $0. It suits US members in its service area wanting fixed-rate personal or consolidation borrowing with free early repayment.

Key facts

Best for
US credit union members wanting fixed-rate personal or consolidation borrowing.
APR
11.99%↗
Loan amount
$500 to $50,000↗
Term
12 to 60 months↗
Arrangement fee
$0↗
Credit check
Soft prequal↗
Funding time
Fast funding as soon as the same day↗
Representative example
Personal Loan, 24 months, 13.95% APR = $47.99 monthly payment per $1,000 borrowed↗
Rate type
Fixed↗
Lender type
Direct lender↗
Free early repayment
Yes↗
Eligibility
Credit union membership required and subject to approval: live, work or worship in a participating community, work for the State of Oregon, work for one of 1,700+ partner companies, belong to a participating organization or condominium association, or be a family or household member of an existing member↗
Origination fee (%)
0%↗
Loan types
Personal, Debt-consolidation↗
Credit needed
Fair↗
Use cases
Home-improvement↗
Legal entity
First Technology Federal Credit Union (d/b/a First Tech Federal Credit Union)↗
Headquarters
United States↗
Founded
1952↗
Support channels
Phone, Chat, Help-centre↗
Pricing model
Fixed rate
Features
Same-day funding
Official website
firsttechfed.com

Facts checked September 26, 2026, 6 sources

Apps and profiles

Get the app
Google Play
Elsewhere
WikidataWikipediaLinkedInXTrustpilotfacebook.com

Pros and cons

Pros

  • Lends as a direct lender rather than a broker: direct lender.
  • Fixed-rate only, so payments do not move with the market: fixed.
  • Same-day funding is listed among the features: same day funding.
  • Free early repayment, so clearing a balance ahead of schedule costs nothing.

Cons

  • The rate of 11.99% sits above the personal loans median of 14.43%.
  • Membership is required and subject to approval, and eligibility is limited to its listed routes.
  • Terms run 12 to 60 against a site maximum of 480.

Ready to try First Tech Federal Credit Union?

Scored 9.4 / 10 by SumCue.

See alternatives

Who it suits

  • US members of the credit union who can meet its eligibility rules.
  • Members consolidating debt, since lending covers personal and debt consolidation.
  • Members funding a planned home improvement, the listed use case: home improvement.

Who should look elsewhere

  • Euro borrowers: Creduma ES lists a minimum of from €12,000.
  • Rate shoppers elsewhere: Sofkredit lists an APR of 10.74% to 18.06%.
  • Members outside the service area: Cashspace quotes an APR of PHP 12 to PHP 36.

Deposit protection

First Tech Federal Credit Union is a direct lender (direct lender) rather than a broker, and it holds a federal credit union charter from the National Credit Union Administration in the US (23521). A representative example is published for the personal loan, so the monthly repayment on a set amount can be compared with other lenders.

How First Tech Federal Credit Union compares

Where First Tech Federal Credit Union is available

Available
United States
Licence in United States
National Credit Union Administration (NCUA) - federal credit union charter (23521), checked September 26, 2026
Licence in United States
National Credit Union Administration (NCUA) - NCUSIF share insurance, checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What rate and fees apply to the loan?+

The advertised rate is 11.99% and the rate type is fixed, so payments hold steady for the whole term. The origination charge is $0 and the percentage fee is 0%, so arranging the loan costs nothing. Early repayment is free as well.

How much can I borrow and for how long?+

Borrowing is offered as $500 to $50,000, with terms of 12 to 60. Those limits fit a consolidation loan or a project such as home improvement. As a direct lender (direct lender), the credit union sets the final amount and term on its own review of a member's file.

What credit check is used to assess an applicant?+

Applications start with a soft prequalification (soft prequal), and the stated credit expectation is fair, so members with a fair credit history can put a file forward. The same fixed-rate structure (fixed rate) then applies to every approved member.

Who is eligible to apply?+

Membership is required and subject to approval. Eligibility covers people who live, work or worship in a participating community, work for the State of Oregon or for a partner company, belong to a participating organisation or a condominium association, or are a family or household member of an existing member.

How quickly is the money paid out?+

Funding is Fast funding as soon as the same day, and same-day funding appears among the listed features: same day funding. That matters when a bill is already due or a consolidation transfer is waiting, though approval still has to come through first.

Can the loan be repaid early?+

Free early repayment is offered, so a loan of 12 to 60 can be settled ahead of schedule without a charge. Members borrowing within the $500 to $50,000 range can clear a balance sooner than the schedule requires, and the fixed rate of 11.99% makes the cost of a shorter period easy to see.

What can the money be used for?+

The lending covers personal and debt consolidation, with home improvement listed as the use case: home improvement. As a direct lender (direct lender) the application goes straight to the credit union, which keeps the process short for a planned project.

How can a member get help?+

Support runs on phone, chat and help centre, so a member can pick up the phone, open the chat window or work through the help centre. A loan held for 12 to 60 leaves time to ask about the fixed rate of 11.99% or an early repayment before deciding.

Sources

  • firsttechfed.com checked September 26, 2026

    Backs: Founded

    “Since 1952, First Tech Federal Credit Union has supported tech leaders and forward-thinkers.”

  • firsttechfed.com/borrow/personal-loans/fixed-rate-loan-2 checked September 26, 2026

    Backs: Loan amount, APR, Credit check, Credit needed, Features, Free early repayment, Funding time, Lender type, Loan types, Pricing model, Arrangement fee, Origination fee (%), Rate type, Term, Use cases

    “Borrow from $500 to $50,000”

  • firsttechfed.com/discover/become-a-member checked September 26, 2026

    Backs: Eligibility

    “You're within First Tech's field of membership if you meet any one of the following qualifications: Work for one of our 1,700+ partner companies... Live, work or worship in a participating...”

  • firsttechfed.com/help/contact checked September 26, 2026

    Backs: Headquarters, Support channels

    “General Correspondence PO Box 2100 Beaverton, OR 97075-2100”

  • firsttechfed.com/rates checked September 26, 2026

    Backs: Legal entity, Licences

    “Digital Federal Credit Union and First Technology Federal Credit Union merged to form a single credit union with the legal name First Technology Federal Credit Union, effective January 1, 2026.”

  • firsttechfed.com/rates/loans checked September 26, 2026

    Backs: Representative example

    “Personal Loan Examples: Account Personal Loan, Term 24 months, Annual Percentage Rate 13.95%, Monthly payment per $1,000 borrowed $47.99”

Compiled from 6 source pages, checked September 26, 2026. We did not open an account.

First Tech Federal Credit Union

US credit union members wanting fixed-rate personal or consolidation borrowing.

9.4/10See alternatives