Tech Capital, LLC Provides $2 Million Asset-Based Loan to Gemini Duplication, Inc.
San Jose (July 12, 2017) — Tech Capital, LLC, the asset-based finance company and wholly-owned subsidiary of Tech CU, today announced that it has originated a $2 million asset-based loan for Gemini Duplication, Inc. The company provides statewide legal document evidence retrieval for California attorneys seeking to expedite benefits in workers’ compensation claims.
Tech CU Named a Top 100 Bay Area Corporate Philanthropist by SF Business Times
San Jose –June 15, 2017 — Tech CU (Technology Credit Union) announced today it was selected as a Top 100 Bay Area Corporate Philanthropist by the San Francisco Business Times. The credit union also won two bronze Stevie Awards for Financial Services Marketing Campaign of the Year and Annual Report, and a silver MAC Award for Best Annual Report from the Marketing Association for Credit Unions (MAC).
Mike Floyd Joins Tech CU as Chief Credit Officer and Executive Vice President
30-Year Industry Veteran Tapped to Ensure the Continued
Safety and Soundness of Tech CU’s Loan Portfolio
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
Tech CU Provides $8.5 Million Construction Loan for Development in San Francisco’s Dogpatch Neighborhood
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.
Tech CU Honored with Four Prestigious Award Wins
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.
Silicon Valley Bank and Tech CU Provide $27.4 Million Construction Loan to Fund Affordable Housing Project
LOAN WILL HELP PROVIDE HOUSING FOR LOW-INCOME AND HOMELESS POPULATION IN SAN JOSE, CA.
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.
Jeannine Jacobsen Wins YWCA Silicon Valley Tribute to Women Award
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.
Joe Anzalone Joins Housing Trust Silicon Valley’s Board of Directors
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.
Tech CU Provides Loans to two Bay Area Businesses
LOANS WILL SUPPORT THE ACQUISITION OF A SAN JOSE OFFICE BUILDING (DOLLINGER PROPERTIES) AND FACILITIES PROVIDING COMPLEX CARE TO MEDICALLY FRAGILE CHILDREN (INNOVATIONS HEALTH)
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.
Tech CU selects The FirstClose Report™ for its home equity business
PROVIDING INSTANT TITLE, VALUATION, FLOOD, TAX AND LIEN PROTECTION INSURANCE
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.
2016 | 2015 | 2014 | 2013 | 2012
Tech CU Delivers Innovative Financial Products, Secure Banking And Wealth Management
Founded in 1960, Tech CU is a $2.4 Billion credit union providing wealth management, banking and lending services for the Technology Ecosystem. In 2015, they became the first credit union in the U.S. to offer asset based lending for commercial loans.
Sustaining the ‘Trump Bump’
The Fed shouldn’t raise rates again too soon.
The S&P 500 and NASDAQ hit record highs the week of May 8, and the Dow closed over 21,000. The “Trump Bump” (as the run up in capital markets is called) remains in full force. In all, I believe the business environment will be more favorable under the Trump administration.
Harris: Fed's bias against inflation hampers the economy
Let's allow inflation to prove it's a problem before raising rates.
The stock markets continue to hit record highs this year, as the “Trump bump” remains in full force. The capital markets share my view that the business environment will be more favorable under a Trump administration, but the run-up is premature because we still lack specifics on many aspects of the new administration’s fiscal policy.
Sunlight Financial Announces $500 Million Commitment from Tech CU for Residential Solar Loans
The fast growing residential solar financing provider expands an existing partnership; will fund loans for 20,000 homeowners
TEANECK, N.J. & CHARLOTTE, N.C.--(BUSINESS WIRE)--Sunlight Financial, a leading provider of financing for residential solar systems, and Tech CU (Technology Credit Union), a credit union based in Silicon Valley, today announced the expansion of their partnership and residential solar loan program. Tech CU will commit up to $500 million for about 20,000 more loans originated by Sunlight’s national network of installers.
Irrational exuberance II: Why the Fed shouldn’t raise rates now
The Fed has all but promised to increase rates at the March meeting, and if it does, there will likely be adverse repercussions. The Yellen Fed is on the precipice of making the same mistake the Greenspan Fed did when it tried to control capital market prices by increasing rates. Greenspan had the dot-com bubble of the ’90s that he wanted to address. Remember when eyeballs on websites were more important than corporate earnings, and companies changed their name to whatever.com just so they could raise capital? Today, we have the Trump stock rally.
Fed Rate Hike Questions: When, How Much and How Many?
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 Fed raise rates in December?
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.
Community Ties Strengthen Klem's Career, Credit Union
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 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.
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