MOUNTAIN VIEW, Calif. – First Tech FCU reported a 51% increase in net income for 2012 to $62.8 million, giving the $5.6-billion credit union for Silicon Valley workers a 1.15% return-on-assets.

Assets rose 9.3% and loans grew by 15.6% to $3.3 billion in 2012. Net worth at the end of 2012 was 9.6%.

First Tech FCU serves many of Silicon Valley’s biggest tech companies, including HP, Microsoft, Agilent, Intel, CISCO, Amazon, Nike, CH2M Hill, Intuit and Google.


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