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Welcome to our Pressroom. You'll find media resources and the latest updates on what's happening.
Tech Financial Management, a Division of Tech CU, Launches Automated Digital Investing Service Guided Wealth Portfolios
Tech Financial Management, a division of Tech CU (Technology Credit Union), announced today the launch of Guided Wealth Portfolios. Powered by LPL Financial, the new service is designed to provide consumers with affordable, automated digital investment capabilities. The service will also provide access to a financial advisor. Now, consumers have the freedom to make their own financial decisions backed by professional advice when needed.
Dr. Deepti Jaggi Joins Tech CU’s Board of Directors
Becomes Member of Compensation
San Jose, Calif. – June 25, 2020 – Tech CU (Technology Credit Union) is pleased
to formally announce the appointment of Dr. Deepti Jaggi to its Board of
Directors. Deepti joined Tech CU’s board in January 2020 and is a member of its
Tech CU Partners with SunPower to Provide $1 Billion in Solar Financing
The New Four-Year Commitment Continues Tech CU’s Momentum in Funding
San Jose, Calif. – May 5, 2020 – Tech CU (Technology
Credit Union) announced today it will provide $1 billion in financing for residential solar loans via a partnership with SunPower, a sustainable energy company that provides
customers with complete solar solutions and services.
Tech Capital, LLC Hires Randall Haney as its Vice President of Business Development
Haney to Drive Tech Capital’s Business
San Jose, Calif. – April 2, 2020 – Tech
Capital, LLC, the asset-based finance company and wholly owned subsidiary of
Tech CU announced today that Randall Haney has joined the company as its new
Vice President of Business Development. In his role, he will be responsible for
Tech CU Expands its Commercial Banking Relationship with Keep IT Simple
Keep IT Simple Adopts Tech CU’s Full Suite of Commercial
San Jose, Calif. – March 11, 2020 – Tech CU (Technology
Credit Union) today announced that it has expanded its commercial banking relationship with Keep IT Simple, a company focused
on helping other businesses solve complex IT challenges. Based in the Bay Area
for more than 30 years, Keep IT Simple is now using Tech CU’s full commercial
cash management suite, including:
Tech CU Provides $14.7 Million Construction Loan to Eastwood Development, Inc.
be used to develop four two-unit luxury condominium buildings and one
San Jose, Calif. – January
30, 2020 – Tech CU (Technology Credit Union) today announced that
it is providing a $14.7 million construction loan to Eastwood Development, Inc.
The loan will fund the development of four two-unit luxury condominium
buildings and one single-family residence in the Potrero Hill neighborhood in
San Francisco, Calif. The
project’s site is significantly above street level, so construction of the
project will require excavation and the removal of more than 6,000 cubic yards
of soil and rock. The project is also the
largest Eastwood Development has undertaken to date.
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.
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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?
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