What is a credit union?
A credit union is a not-for-profit cooperative financial institution, owned and controlled by its members, that is the people who use its services to save money and get loans at reasonable rates. (Credit Union National Association, Inc.)
What are credit unions for?
When credit unions were helping Americans through the Great Depression, the treasurer of a Midwestern credit union said that credit unions were "not for profit, not for charity, but for service," and this philosophy still holds true. Credit unions continue to look out for their members’ best interests and provide a level of service that is not generally available at other financial institutions. Whether it’s providing a loan to help a member cover unexpected medical bills, giving financial counseling to a member whose company closed its doors, or simply offering a better deal on a used car loan, credit unions make a difference for their members and the communities they serve. (Credit Union National Association, Inc.)
Who is Technology Credit Union?
The cooperative spirit of credit unions thrives in Silicon Valley, where Technology Credit Union has grown to become one of the nation’s largest credit unions. Technology Credit Union is a member-owned financial services company that provides banking, lending, and investing services to 71,000 Silicon Valley professionals. With more than $1.1 billion in assets, seven full-service financial centers in Silicon Valley, secure two-factor authenticated Online Banking, and more than 30,000 surcharge-free CO-OP Network ATMs, Tech CU is a leader in providing professional, convenient financial services that enhance the lives of Silicon Valley professionals. Tech CU’s competitive financial services include: checking, savings, real estate loans, car loans, personal loans, investing, and 401(k) accounts.
What is the CO-OP Network?
The CO-OP Network is the national credit union ATM network. Owned by credit unions, the CO-OP Network provides over 30,000 surcharge-free ATMs around the country for the members of its credit unions. That’s a larger ATM network than those of the largest banks. As a member of the CO-OP Network, Technology Credit Union provides its members with the convenience of hometown banking with a nationwide reach.
Can’t I get more convenient access to ATM and banking services through a bank?
Technology Credit Union credit union members today have convenient ATM and branch access that rivals even the largest banks. For example, Technology Credit Union members have convenient access to more than 30,000 surcharge-free CO-OP Network ATMs throughout the USA and Canada. In addition, Tech CU members can bank at more than 1,600 national shared branches through CU Service Centers ® Network. In comparison, Bank of America offers 16,000 ATMs and 5,700 branches, while Wells Fargo offers 6,200 ATMs and 3,000 branches. In other words, in addition to the traditional credit union advantages of “better rates”, “lower fees”, “co-operative ownership” and “personalized service”, some Silicon Valley credit unions are now offering their members more convenient access to financial services than major banks. Find ATM and branch locations around the nation