First Technology Federal Credit Union (19976), a $16.9B credit union headquartered in San Jose, CA, led by CEO Mitchell, reported $12.2B in outstanding loans at the end of 2025 Q3, an increase of $70.8M (+0.6%) compared to the same quarter last year.
The credit union's 100.7% loan-to-share ratio indicates aggressive lending relative to deposit base, which may require liquidity management attention. With 422,064 loans outstanding to 712,057 members, the average loan balance stands at $29K.
At a high level: balance sheet is loan-heavy, constraining future optionality.
Portfolio Composition
First Technology Federal Credit Union's loan portfolio is dominated by Business Loans, comprising 12.0% of total loans. This diversified approach balances risk across multiple loan categories.
Loan Portfolio Breakdown
| Loan Type | Balance | % of Portfolio |
|---|---|---|
| Business Loans | $1.5B | 12.0% |
| Indirect Loans | $1.3B | 10.5% |
| Other Unsecured | $1.2B | 9.8% |
| New Vehicles | $850.0M | 7.0% |
| Used Vehicles | $715.4M | 5.9% |
| Credit Cards | $368.9M | 3.0% |
Source: NCUA 5300 Call Reports (2025_Q3)
Quarterly Loan Trends
Moderate loan growth suggests stable demand balanced with prudent underwriting standards.
Quarterly Trend
| Period | Total Loans | QoQ Change | Loan/Share |
|---|---|---|---|
| 2024 Q2 | $12.0B | 98.5% | |
| 2024 Q3 | $12.1B | +1.1% | 95.8% |
| 2024 Q4 | $12.2B | +0.8% | 94.6% |
| 2025 Q1 | $12.2B | +0.1% | 96.7% |
| 2025 Q2 | $12.2B | +0.0% | 103.7% |
| 2025 Q3 | $12.2B | -0.3% | 100.7% |
Source: NCUA 5300 Call Reports
Credit Quality & Risk
First Technology Federal Credit Union reports $214.0M in loans delinquent 60+ days, representing a 1.76% delinquency rate. This elevated delinquency warrants close monitoring of underwriting standards and collection practices.
Year-to-date net charge-offs of $124.7M represent a 1.03% annualized loss rate. Charge-off trends should be monitored as economic conditions evolve.
Historical Context: Since the 2008 Crisis
First Technology Federal Credit Union's loan portfolio has grown 582% since Q3 2008, when the financial crisis was at its peak. At that time, the credit union held $1.8B in loans with a 0.58% delinquency rate.
Today's delinquency rate of 1.76% exceeds crisis-era levels, signaling potential stress in the current lending environment.
Peer Comparison
Among 36 credit unions in its $8.4B–$25.3B asset peer group, First Technology Federal Credit Union ranks in the 13th percentile for loan growth. This suggests room for improvement in loan origination and portfolio expansion.
Outlook
First Technology Federal Credit Union's loan portfolio trajectory will depend on economic conditions, interest rate movements, and the credit union's ability to compete with banks and fintech lenders for consumer and auto loans.
First Technology Federal Credit Union's Q4 2025 results, expected in early 2026, will provide further insight into whether this growth trajectory can be sustained.
Track This Credit Union
Monitor First Technology Federal Credit Union's quarterly loan performance, credit quality metrics, and portfolio composition with Finleet Terminal.
Data Sources: NCUA 5300 Call Reports (2025_Q3), NCUA Historical Data (2007-present), Finleet Proprietary Analysis
Methodology: Year-over-year growth calculated comparing 2025_Q3 to same quarter prior year. Peer groups defined as credit unions within 50% asset range. Delinquency rate calculated as loans 60+ days past due divided by total loans. Crisis comparison uses Q3 2008 as baseline.