HILLSBORO, Ore.–Here in what is known as the “Silicon Forest” of Oregon due to the high-tech companies in the area, First Tech FCU has broken ground on a large new facility that will initially house 650 employees and eventually grow to more than 900 by the time it opens in June 2018.
“The heart of First Tech,” said President and CEO Greg Mitchell, “has been in Beaverton and in Mountain View, California, and now in Hillsboro. We anticipate that about five years from now we’ll break ground on the second building, which will house another thousand employees. We hope we become an engine for growth in this community, and contribute to its future success.”
“As you add hundreds and hundreds of jobs, and millions and millions in payroll, that multiplier effect will have a huge impact throughout our city, and throughout our community,” said Hillsboro Mayor Steve Calloway.
Founded 55 years ago by seven high tech employees in Beaverton, Oregon, the credit union now has 425,000 members who live in every state, and in 20 countries.
The $9.8-billion credit union, which is headquartered Mountain View, Calif., has 477,000 members.