First Tech Federal Credit Union Helps Nearly 200 Leaders in Tech Manage Employee Relocation to U.S. with Groundbreaking Banking Program
SAN JOSE, Calif. and HILLSBORO, Ore., March 26, 2024 /PRNewswire/ -- Today, First Tech Federal Credit Union, the financial partner for tech innovators, is unveiling details of the First Tech Relocation Banking Program, which helps employees moving to the U.S. with an approved employer easily set up U.S. savings and checking accounts and establish and build U.S. credit. A recent study found that 89% of U.S. employers are currently hiring foreign national employees. Moreover, a record-setting number of H-1B registrations, the program for employers seeking to hire nonimmigrant aliens, were submitted in 2022, and experts believe 2023 will show it was even higher. By reducing the financial stress for transferees with an end-to-end financial solution, including access to savings and checking accounts, credit products, and mortgage services, First Tech's program helps support eligible companies by ensuring their employees can financially settle into the US.
- "We've been supporting our employer partners with employee relocation to the U.S. and within the U.S. for more than 20 years, and our First Tech Relocation Banking Program addresses the financial needs of their employees at every stage," said Bryan Rivers, First Tech Relocation Banking Program Manager at First Tech.
- First Tech is also seeing momentum, growing its First Tech Relocation Banking Program by nearly 6% annually.
- First Tech provides employees of eligible employers with access to credit products, including a $25,000 limit Mastercard, at attractive rates to help them establish credit.
- For more information about First Tech's Relocation Banking Program, including approved employers, visit https://www.firsttechfed.com/discover/sponsor-companies .