X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

BEAVERTON, Ore. – First Tech Credit Union, the largest high tech and telecom credit union in the Northwest, has reached the $1 billion in asset milestone, and so has MacDill FCU out of Tampa. First Tech said the achievement is particularly noteworthy because it was reached during a time of economic recession when, said FTCU COO Bob Corwin “high tech and telecom professionals are not only looking for ways to invest their money for the future, they’re looking for safety,” and at a time when the credit union is celebrating its 50th anniversary. Chartered in 1952, First Tech currently counts in its FOM more than 80,000 members from the nearly 900 high tech and telecommunication companies throughout the “Silicon Forest” in Oregon. It touts the highest percentage of online banking usage in the world, with 62% of its members using the product compared to a 17.9% national average, accounting to the U.S. Census Bureau. According to MacDill FCU President/CEO Robert L. Fisher, an increase in locations and employees to serve members combined with a controlled steady growth over the past five years has helped MFCU reach the $1 billion in assets milestone this month. MFCU adds about 20 new companies a month and serves over 1,800 company affiliates and 138,000 members.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.