Tech CU Named One of Silicon Valley’s Most Philanthropic Companies for the Fifth Consecutive Year
Wins a Credit Union Journal Best Practices Award and Two MarCom Awards; SVP Fawzia Sarwar named Credit Union Rock Star
San Jose, Calif. – December 10, 2019 – Tech CU (Technology Credit Union) today announced multiple award wins for the company. It was named one of Silicon Valley’s most philanthropic companies by the Silicon Valley Business Journal, an honor the company has received for the past five years. Tech CU also received a Credit Union Journal Best Practices Award for its Revel Wine campaign and won two MarCom awards: gold for its e-annual report and an honorable mention for its Revel Wine integrated marketing campaign. Lastly, Tech CU’s senior vice president of retail banking, Fawzia Sarwar, was named a Credit Union Rock Star by Credit Union Magazine.
Tech CU Helps More Than 35,000 Consumers Commit to Green Energy
Milestone One of Many That Marks Tech CU’s Commitment to Green Energy Alternatives
San Jose, Calif. – December 3, 2019 – Tech CU (Technology Credit Union) announced today its continued commitment to green energy alternatives. Since 2016, the company has funded more than $1 billion in residential solar loans through its partnership with Sunlight Financial, helping more than 35,000 homeowners across the country save money while protecting the environment.
Tech CU Enters into New Broker-Dealer Relationship with LPL Financial Changes Name of its Wealth Management Group to Tech Financial Management
Move to LPL
Financial Will Enable Tech CU to Scale its Investment Services Platform
San Jose, Calif. – October 16, 2019 –Technology Credit
Union (Tech CU) recently entered into a new broker-dealer relationship with LPL
Financial, a move that will enable Tech CU to scale its investment services
platform and provide additional functionality to better serve its members and
compete in the financial planning space. Additionally, Tech CU changed the name
of its wealth management group from Tech Wealth Management to Tech Financial
Management to better reflect the services the company provides.
Second Street Studios, the Affordable Housing Project in San Jose Financed by Silicon Valley Bank and Tech CU, is Complete
Opening to Take Place August 23, 2019
San Jose, Calif. – August 22, 2019 – Tech
CU (Technology Credit Union) is pleased to
announce that Second Street Studios, an affordable housing project in San Jose,
will host its grand opening on August 23, 2019 from 10 am – noon PT. In March 2017, Tech CU participated with
Silicon Valley Bank (SVB) to provide funding for First Community Housing to
build the new 135-unit housing project in San Jose. Tech CU’s participation totaled $8 million.
Tech CU Hires Steve Shead as its Head of Technology
San Jose, Calif. – August 20, 2019 – Tech CU (Technology Credit Union) announced today that Steve Shead has joined the company as its new Head of Technology. He will be responsible for driving Tech CU’s long-term IT strategy and is well-versed in strategic planning, budget management, change management, cloud services, networks, information security, data management, negotiations and vendor management. Steve will also join Tech CU's Managing Committee.
Tech CU Provides $4.675 million USDA Business Loan to Oceanic Enterprises
SAN JOSE, Calif., Aug. 7, 2019 -- Tech CU (Technology Credit Union) announced it has provided a $4.675 million USDA business loan to Oceanic Enterprises, a private property management firm based in San Diego, California. The loan helped Oceanic Enterprises purchase The Ascot Suites, a 32-room boutique hotel located at 260 Morro Bay Boulevard in Morro Bay, California.
Tech CU Provides a SBA 7A Loan to Lee’s Supermarket
Located at 2889 Senter Road in San Jose, Calif., the new store also features a Lee’s Sandwiches shop inside
San Jose, Calif. – May 23, 2019 – Tech CU (Technology Credit Union) today announced it has provided a SBA 7A loan to Lee’s Supermarket. The loan funded tenant improvement build out, equipment acquisition and working capital for start-up costs. Located at 2889 Senter Road in San Jose, California, the new store also features a Lee’s Sandwiches shop inside
Tech CU Wins Communitas, Hermes Creative, Stevie, and Communicator Awards
Honored for its Social Responsibility, TV Ad, and Annual Report
San Jose, Calif. – May 23, 2019 – Tech CU (Technology
Credit Union) today announced it has won a Communitas Award for its community
service and corporate social responsibility efforts. The company has also won
two Hermes Creative Awards including a gold award for its latest TV ad and an
honorable mention for its 2017 annual
report. Lastly, the company has won a bronze Stevie Award for its annual
report and received a Communicator Award for its newest TV ad.
Tech CU’s Franca Cozzitorto Wins Silicon Valley Business Journal Women of Influence Award
Company also wins CUNA Diamond, AVA Digital and Second Harvest Food Bank Awards
San Jose – April 23, 2019 — Tech CU (Technology Credit Union) announced today that its head of Enterprise Risk Management, Franca Cozzitorto, has won the Silicon Valley Business Journal’s Women of Influence award. Tech CU also received a CUNA Diamond Award for its annual report and a gold AVA Digital Award for its Card Manager promotional video. Lastly, it received a Blue Diamond Award from Second Harvest Food Bank.
Tech CU Named Third Top Performing Credit Union in the U.S. by S&P Global Market Intelligence for the Second Year in a Row
Tech CU Claims no. 1 spot in
California, Grows Membership 16.2 Percent
San Jose – March 20,
2019 — Tech CU (Technology
Credit Union) announced today it was named the third best-performing credit
union among 552 credit unions in the U.S. by S&P Global Market
Intelligence, a leader in multi-asset class research data and insight. This is
the second year in a row the credit union received this ranking and Tech CU is
the only one of the top 3 from last year to make the top 3 list this year. The
credit union also maintained its no. 1 ranking in California. The report ranks
the nation's credit unions using five core financial performance metrics:
member growth, market growth, operating expense as a percentage of operating
revenue, net charge-offs as a percentage of average loans and delinquent loans
as a percentage of total loans.
2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012
United States Senate FCU jumps 43 spots to lead 2018 credit union rankings
Government worker-focused United States Senate FCU rode a surge of deposits to the No. 1 position in S&P Global Market Intelligence's 2018 ranking of the 50 top-performing U.S. credit unions.
Happy Money Announces Three Strategic Credit Union Alliances
Happy Money Announces Three Strategic Credit Union Alliances Alliant Credit Union, First Tech Federal Credit Union and Technology Credit Union With $24B in Deposits Join Happy Money Movement to Help People Pay Off Credit Cards.
A Deposit Strategy 5 Years In The Making
A Deposit Strategy 5 Years In The Making Technology Credit Union has repositioned its balance sheet to prepare for today’s rate environment. By Erik Payne CreditUnions.com, July 30, 2018 Top Level Takeaways
5 Key Facts About the New Tax Bill
The enactment of the Tax Cuts and Jobs Act (TCJA) represents “the most sweeping overhaul of the U.S. tax code in more than 30 years.
How to Improve Your Chances of Getting Approved for a Personal Loan
How to Improve Your Chances of Getting Approved for a Personal Loan By Ashley Sweren, LendingTree, January 8, 2018 Personal loans can be a useful tool when cash is tight, helping to bridge gaps between your savings and your spending needs. They can also help you build credit and pay down debts faster if you’re able to qualify for a loan with a lower interest rate. Before you begin applying for personal loans, make sure you know how to get the best possible rate and how to improve your chances of getting approved for a loan.
A New Type Of Credit Card Control
A New Type Of Credit Card Control By Erik Payne, CreditUnions.com, January 8, 2017 Nearly 60 years ago, employees of Fairchild Semiconductor — the company that created the first commercially viable computer chip, which, in-turn, spawned the semiconductor boom that gave Silicon Valley its name — came together to create Technology Credit Union ($2.4B, San Jose, CA).
Commercial Solar Lending Big Opportunity
Commercial Solar Lending Big Opportunity By Ray Birch, CU Today, December 17, 2017 SAN JOSE, Calif.—One credit union that is spending more time in the sun with solar lending believes many more credit unions will be offering similar
5 Predictions for Banking in 2018
Banking isn't what it used to be. For many people, it isn't a novelty to take a photo of a check and send it directly to your checking account – or to check your balance on a phone or a computer or transfer money from one financial institution to another. For some time now, consumers have been able to bank without ever meeting or talking to a human being. But banking is on its way to being even more futuristic, many experts say, although in some ways, banking will also soon harken back to the past.
Tech CU sees bright future in solar lending
Tech CU sees bright future in solar lending With its residential solar loans program going strong, $2.4 billion Technology Credit Union, San Jose, Calif., is branching out with a solar financing program for its commercial, non profit and government members.
The rise of conversational banking
Conversational banking — the ability to chat with a non-human (like Siri or Amazon’s Alexa) about your finances — will become increasingly common. Should consumers engage with conversational banking? What are the pros and cons?
We have a 5-star rating from Bauer Financial, the nation’s largest independent rating service for financial institutions.