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

    Press Releases

  • 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.

    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.

    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.

    Grand 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. 

    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.

    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.

    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 Honored for its Social Responsibility, TV Ad, and Annual Report

    San Jose, Calif. – May 23, 2019Tech 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. 

    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 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. 


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    In The News

  • 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 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 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

    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 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 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 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

    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 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.

    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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