First Tech Credit Union starts work on new Hillsboro headquarters
First Tech Credit Union broke ground this week on a massive new corporate headquarters on Brookwood Parkway.
On Monday, the credit union started work on a 150,000-square-foot headquarters across from the Hillsboro Brookwood Library.
The new headquarters is expected to open in 2018 and will employ about 900 people by the time it's fully built out, said Monique Little of First Tech.
"In the last few years, we've been growing tremendously as a company," Little said. "In fact, we just hit $10 billion in assets, which is a huge milestone for us. Our growth as a credit union has caused us to think more long-term in order to support our employees and our members."
For years, First Tech has run out of two corporate offices in Beaverton, while leasing additional space in Hillsboro.
"Our new facility will allow us to bring all of these employees back under one roof as well as give us the opportunity to continue to grow."
Little said the company was drawn to Hillsboro because of its connection to the high-tech industry.
"Hillsboro is the technology hub of Oregon and home to many of our select employee groups that we serve such as Intel, Tektronix, Nike and SolarWorld," Little said.
During Monday's groundbreaking, First Tech gave the Hillsboro Schools Foundation a $34,000 grant to buy science, technology, engineering and math (STEM) kits for the classrooms across the district, as well as fund innovation grants for K-12 classrooms.
"Our new corporate campus will allow us to work closely with the community and continue our ten-year relationship with the Hillsboro Schools Foundation to support and fund the next generation of leaders, thinkers and innovators," said First Technology Federal Credit Union President and CEO Gregory Mitchell.
By Geoff Pursinger
Associate Editor, Hillsboro Tribune
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