• Pressroom

    Welcome to our Pressroom. You'll find media resources and the latest updates on what's happening. 

    Press Releases

  •  30-Year Industry Veteran Tapped to Ensure the Continued Safety and Soundness of Tech CU’s Loan Portfolio 

    San Jose – May 24, 2017 — Tech CU (Technology Credit Union) announced today that Mike Floyd has joined the company as its new Chief Credit Officer and Executive Vice President. An industry veteran, Floyd is responsible for overseeing Tech CU’s lending activities and mitigating risk to its loan portfolio. 

    First “Ground Up” Construction Project in San Francisco Broadens Tech CU’s Market Presence. 

    San Jose – May 15, 2017 — Tech CU (Technology Credit Union) announced today that it is providing an $8.5 million construction loan for Presidio Bay Ventures, LLC. The loan will fund the development of a 20-unit, multifamily project in San Francisco’s Dogpatch neighborhood.

    COO and EVP Jeannine Jacobsen Named a Silicon Valley Business Journal 2017 Woman of Influence; Tech CU also a Winner of the Hermes Creative Awards, AVA Digital Awards and a Credit Union Journal 

    San Jose – May 1, 2017 — Tech CU (Technology Credit Union) today announced four significant award wins for the company. COO and EVP Jeannine Jacobsen was named a 2017 Woman of Influence by the Silicon Valley Business Journal. Tech CU won two Hermes Creative Awards — a Gold award for the company’s website redesign and an Honorable Mention for the 2015 Annual Report. Additionally, Tech CU received two awards honoring its website redesign: a Gold award from the AVA Digital Awards and a Best Practices award from the Credit Union Journal.   


    San Jose – March 22, 2017 — Tech CU (Technology Credit Union) announced today that it is participating in a $27.4 million construction loan originated and led by Silicon Valley Bank (SVB). This loan will provide funding for First Community Housing to build a new 135-unit affordable housing project in San Jose called Second Street Studios.  Tech CU’s participation will total $8 million.

    San Jose – March 13, 2017 — Tech CU (Technology Credit Union) announced today that Chief Operating Officer and Executive Vice President Jeannine Jacobsen has won the YWCA Tribute to Women Award. 

    San Jose (February 15, 2017) — Today, Tech CU (Technology Credit Union) announced that its Executive Vice President and Chief Commercial Banking Officer, Joe Anzalone, has joined the Housing Trust Board of Directors. Founded in 1998, the Housing Trust’s mission is make Silicon Valley a more affordable place to live by supplying loans and grants to increase the supply of affordable housing, assist first-time homebuyers, prevent homelessness and stabilize neighborhoods.


    San Jose – January 31, 2017 — Tech CU (Technology Credit Union) announced today that it has provided a $7 million commercial real estate loan to Dollinger Properties to support the acquisition of a 50,951-square foot R&D/office property in North San Jose. The credit union also provided a Small Business Administration (SBA) 7(a) loan to Innovations Health to purchase three Bay Area pediatric facilities serving catastrophically injured and severely disabled children.



     AUSTIN, TX (November 7, 2016) — FirstClose announced today that Technology Credit Union (Tech CU) has chosen The FirstClose Report™ to support its home equity products. The FirstClose Report provides title search, flood certification, valuation and property information with lien protection insurance instantly and offers credit union lending divisions all they need to review and approve these loans.  

    San Jose, Calif. – November 1, 2016Tech CU (Technology Credit Union) today announced that it was named one of Silicon Valley’s most philanthropic companies by the Silicon Valley Business Journal, received a certificate of recognition for being a family friendly workplace and won three MarCom Awards: platinum for its Bank Happily Ever After advertising campaign and honorable mentions for its redesigned website and annual report. 


    San Jose – October 27, 2016 – Tech CU (Technology Credit Union) announced today the funding of a $5.5 million commercial loan to support the refinance of a circa-1910 boutique apartment property located in the Russian Hill neighborhood of San Francisco. A portion of the funds will be used for the innovative creation of additional living space through reconfiguration of several apartments and conversion of underutilized space for Accessory Dwelling Units (ADUs). Seismic retrofits and green, sustainable building improvements will also be completed. The borrower is an entity affiliated with Veritas Investments, Inc., one of the largest owner-operators of multifamily, urban retail and mixed-use properties in the San Francisco Bay Area.

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    In The News

  •  An interest rate hike by the Federal Reserve is on the mind of just about everyone working in financial services (and consumers as well). People want to know when, how much and how many.

    Will the Federal Open Market Committee raise interest rates when it convenes in December? Todd Harris, president/CEO of $2 billion asset Technology Credit Union in San Jose, Calif., believes it will.

    Janikke Klem is one of those people who is adept at just figuring things out. She accepted the position as vice president of community and government relations at the $2.1 billion, San Jose, Calif.-based Technology Credit Union when she was pregnant with her now two-and-a-half-year-old twins. She said she wanted to work with then CEO Barbara Kamm and the opportunity was one she just couldn't pass up. So, she took the position and did what she always does: She figured it out. 

    Blockchain technology is quickly emerging as a way for companies to make and verify transactions almost instantaneously — without a central authority. For financial institutions, blockchain technology promises to cut costs and lower risk of fraud by providing a secure way to digitally track asset ownership. It’s also the technology behind bitcoin.

    Being born in a different decade says more about you than simply your age or demographic. It also impacts how you view money and what your priorities should be at each stage. According to a recent Financial Finesse report, every generation – Baby Boomers, Gen Xers and Millennials — struggles with financial hurdles. For women, these difficulties can take on an especially poignant weight. Not only do women tend to live longer (seven years on average), but they’re also paid less throughout their lifetimes and often have to take time away from work to care for loved ones (children and parents). Careful planning is critical to closing any potential gaps. Below are some of the most common financial hurdles facing each generation.

    Blockchain technology is quickly emerging as a way for companies to make and verify transactions almost instantaneously — without a central authority. It’s also the technology behind bitcoin. The lack of a central governing authority and the vast potential of blockchain technology has led some to speculate that the “era” of banking and how it works, could be nearing its end — with cryptocurrency taking its place.

    How can credit unions prepare for 2017 given so many "what if" scenarios on the economy, interest rates, labor force, household demographics, political environment, and consumers?

    Technology Credit Union (Tech CU) is a financial institution dedicated to delivering technology and personal expertise that inspires, educates and empowers its members to succeed financially. Founded in 1960 by the employees of Fairchild Camera and Instrument Semiconductor Division with a few thousand dollars and a couple of accounts, Tech CU is now one of the Bay Area’s largest credit unions. We sat down with Todd Harris, President and CEO, to discuss the company and its initiatives in our latest Partner Spotlight.

    The oil industry isn't the only one with a boom-and-bust cycle: just ask some of the high-profile technology companies —and the credit unions that serve them. Layoffs have become a routine part of life in Silicon Valley and other part of the Pacific Northwest that are home to such high-flying tech-based companies as Intel, Microsoft and Yahoo, among others. Read more (PDF).

    When your members spend their days coding at Intel or developing the next big mobile app at a startup, your tech-based offerings have to be top notch. That's why credit unions based in and around Silicon Valley have to be on top of the best technology has to offer. Indeed, two such credit unions even have "technology" in their names: First Technology in Mountain View, Calif., and Technology CU in San Jose, Calif. Read more.

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