Tech CU Announces Strong First Year for Tech Capital, LLC
San Jose, Calif. – September 22, 2016 – Tech Capital, LLC, the asset-based finance company and wholly owned subsidiary of Tech CU, today announced that it has originated six asset-based lending commitments as of August 2016 for a total of $6.1 million. Tech Capital, LLC began providing asset-based loans in late 2015 for companies (manufacturers, distributors and service companies) in need of revolving lines of credit for debt refinancing, equipment purchases, or as a supplement to working capital.
Tech CU Wins Two CUNA Awards: Dora Maxwell Social Responsibility and Desjardins Adult Financial Education
San Jose, Calif. – September 1, 2016 – Tech CU (Technology Credit Union) today announced that it has won two CUNA awards: First place in the Dora Maxwell Social Responsibility Community Service category and second place for the Desjardins Adult Financial Education award. Additionally, the International Finance Awards named Tech CU as Credit Union of the Year in the United States.
Tech CU Launches Three New Credit Cards
San Jose, Calif. – August 15, 2016 – Tech CU (Technology Credit Union) today began offering three new credit cards: a Visa Signature with Rewards, Visa Classic Secured and Visa Classic Unsecured. Accepted worldwide, all three cards offer a safe and secure way to purchase items with no annual fee or foreign transaction fees. The cards also offer convenient online and mobile access with automatic payment options, quick approvals and chip-enabled security. They can be used as overdraft protection for a Tech CU checking account in addition to providing auto rental collision protection.
Tech CU Wins Three Marketing Association for Credit Unions (MAC) Awards
San Jose, Calif. – June 14, 2016 – Tech CU (Technology Credit Union) today announced it won three awards from the Marketing Association for Credit Unions (MAC), an organization that recognizes outstanding credit union marketing achievements. The company won silver for its website redesign, bronze for its integrated advertising campaign and bronze for its branch redesign and digital signage in the Point of Sale/Retail Merchandising Category.
Tech CU Announces Executive Promotions
San Jose, Calif. – May 31, 2016 – Tech CU (Technology Credit Union) today announced three promotions within its executive ranks. As of May 13, 2016, Jeannine Jacobsen was promoted to EVP and COO with IT, Corporate Services and Project Management, Support Services, Human Resources and ERM reporting in to her. Richard Hanz, formerly the SVP of Treasury and Strategic Planning, became CFO, responsible for the company’s Finance organization. Finally, Dean Davis was promoted to SVP, heading up all of IT. Both Hanz and Davis will also join Tech CU’s Managing Committee.
Tech CU Adds Family Banking to Suite of Products
San Jose, Calif. – May 24, 2016 – Tech CU (Technology Credit Union) today announced that it has added Family Banking to its suite of products. Designed to simplify financial transactions between family members, the new Family Banking product allows both a parent and child to link their accounts, transfer money, track balances and monitor transactions — all at no charge. Given the importance of developing long-term financial skills, Family Banking is a tool for parents to teach their children about money.
Tech CU’s Marketing Wins CUNA Diamond and Hermes Creative Awards
San Jose, Calif. – April 12, 2016 – Tech CU (Technology Credit Union) today announced its win of a both a CUNA Diamond Award (where it was named a “Category’s Best”) and a Platinum Hermes Creative Award in the Point of Sale and Retail Merchandising category. The company also received an honorable mention from Hermes for its comprehensive advertising campaign.
Tech CU Makes Largest SBA Loan in Company History - $22.4 Million
San Jose, Calif. – March 17, 2016 – Tech CU (Technology Credit Union) today announced that the credit union has funded its largest Small Business Administration (SBA) 504 loan to date. At $22.4 million dollars, the loan provided financing to assist a commercial tenant’s purchase of a 112,000 square-foot, multi-tenant office building located in Burlingame, California.
The Women of Tech CU Win Big
San Jose, Calif. – March 17, 2016 – Tech CU (Technology Credit Union) today announced that CEO Barbara Kamm was honored as a Power Executive by the San Francisco Business Times, while Vice President Janikke Klem and Senior Vice President Kate Duggan were named among Silicon Valley’s Women of Influence by the Silicon Valley Business Journal.
Tech CU Unveils Redesigned Website
San Jose, Calif. – March 9, 2016 – Tech CU (Technology Credit Union) today announced the launch of its newly redesigned website. The new website provides a fresh look and feel along with a more intuitive and streamlined navigation, enhanced content, and the tools and resources to help members make informed financial decisions.
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Blockchain Will Make Banking More Efficient, Not Replace It
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.
Generational Differences: Women and Money
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 Will Change Banking...Slowly
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.
CUs Converge on Economy and Strategy
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?
Partner Spotlight: Tech CU
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.
Silicon Valley CUs Gird for Layoffs at Intel, Yahoo! (PDF)
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).
CUs Charged with Keeping Up with Silicon Valley
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.
Grow Your Time and Business: Can you do both?
Can one “grow time”? Certainly it is a limited commodity, but perhaps through better management, you can increase productivity. Barbara Kamm, CEO of Tech CU, shares her strategy for getting the most out of each day — which includes prioritization and setting boundaries — while ensuring company growth.
Next Generation Banking: How Disruption and Stability Can Co-Exist
Op Ed Barbara Kamm, President & CEO, Tech CU Next Generation Banking How Disruption and Stability Can Co Exist Millennials — approximately 84 million strong — are the largest cohort in American history. Within 10 years,
Alternative Lending Moves Into the Mainstream: Startup Wineries and Millennials Turn to Nontraditional Funding Sources
Tech CU was recently featured in Vineyard and Winery Management magazine as an SBA Preferred Lender and resource for wineries looking for financing. Read how, in 2014, Tech CU completed a $1.4 million SBA-guaranteed commercial loan for California winery Sera Fina Cellars (Amador County), for the purchase of vineyards, a winery and tasting room. Read more.
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