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  • Pressroom

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

    Press Releases

  • Tech Capital, LLC Provides $10 Million Asset-Based Line of Credit to Taronis Fuels, Inc.

    Tech Capital, LLC, the asset-based finance company and wholly owned subsidiary of Tech CU, announced today it has provided a $10 million asset-based revolving line of credit to Taronis Fuels, Inc., a publicly traded company based in Peoria, Arizona and a global producer of renewable and socially responsible fuels. The loan will support Taronis Fuels’ expansion and development.

    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 Committee 

    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 compensation committee. 

    Tech CU Partners with SunPower to Provide $1 Billion in Solar Financing

    The New Four-Year Commitment Continues Tech CU’s Momentum in Funding Green Energy

    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 Development Strategy 

    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 business development.

    Tech CU Expands its Commercial Banking Relationship with Keep IT Simple

    Keep IT Simple Adopts Tech CU’s Full Suite of Commercial Banking Products

    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.

    Loan will be used to develop four two-unit luxury condominium buildings and one single-family residence 

    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 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.

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    In The News

  • 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, 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,, 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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