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San Jose, California (October 26, 2005)—Technology Credit Union (Tech CU) announced today the official opening of its first retail mortgage store in Dublin, California, scheduled for November 1st, 2005. The Tech CU mortgage store will service the Tri-Valley area of the East Bay, one of the fastest growing housing regions in the Bay Area. Tech CU’s progressive retail mortgage strategy is aimed at helping the credit union penetrate the East Bay market and grow organically throughout the Bay Area. The credit union anticipates opening a full-service branch within two years to complement its mortgage lending presence.
“We offer a full array of both retail and wholesale mortgage options with competitive pricing. It’s one of our strongest areas of expertise,” said Harold Roundtree, Senior Vice President of Member Services. “With this new location, we’ll be able to provide local residents, realtors and mortgage brokers with a convenient place to do business with Tech CU. We see it as a great way to expand our membership and put roots down in this thriving community.”
The mortgage store will offer the same high level of personal attention and commitment to quality service that has become a Tech CU trademark. Tech CU has developed a stringent set of mortgage service standards focused on providing members with the best service experience and fastest processing of their loan, including:
- “One-on-One” Service: With a single point of contact for each customer throughout the entire mortgage loan process, Tech CU’s mortgage consultants have a clearer understanding of their customer’s needs and how to meet them.
- Convenient Servicing: Tech CU mortgage consultants are completely mobile, and will service customers “on demand,” coming to their home, point of business or even local coffee shop, for consultations and meetings. Tech CU mortgage consultants will even bring paperwork to customers for finalization and signing.
- Speed, Reliability and Consistency: Underwriting decisions are made locally by Tech CU management, significantly speeding up the process. In fact, Tech CU can boast of a turnaround time from application to signing within 12 days
- More Options: Tech CU offers a variety of mortgage products and services to suit any customer’s needs or stage in life: fixed and adjustable mortgages, 100 percent financing, interest-only loans, loans for owner-occupied or second properties, financing for investment properties (1-4 units), Apartment loans (5 or more units), and Tenants-in-Common (TIC) loans for two unit, owner-occupied properties.
- Low Application Fees: Tech CU offers lender fees as low as $488*, among the lowest in the industry.
- Free Educational Seminars: A wide array on ongoing educational seminars and workshops on topics related to home ownership and financing are free to anyone (members and non–members of Tech CU are welcome to attend).
*Requires a combined balance of $100,000. Not available on no-cost loans.
About Technology Credit Union
Technology Credit Union is a member-owned, full-service financial provider that is dedicated to meeting the financial needs of technology professionals and their families, as well as individuals who work, live, go to school, or regularly worship in Santa Clara, Alameda, Contra Costa, Santa Cruz, San Mateo, and San Francisco counties. Tech CU began in 1960 and is now among the top 1% of the nation’s largest credit unions. With more than $1 billion in assets and seven full-service branches in the Silicon Valley, Tech CU is a leader in the credit union industry.
Contact:
Ivy Widman
Field Marketing Coordinator
Phone: 408-441-4757
Fax: 408-453-0741 |
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