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  • Pressroom

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

    Press Releases

  • San Jose – April 25, 2018 — Tech CU (Technology Credit Union) announced today that it is providing a $23.4 million construction loan to the Republic Urban Properties. This loan will fund the development of an 83-unit apartment building, a single story underground parking lot, and 7,000 square feet of mixed-use retail in downtown Morgan Hill. 


    Tech CU Advances 49 Spots in One Year and Claims no. 1 spot in California

    San Jose – April 3, 2018 — Tech CU (Technology Credit Union) announced today it was named the number 3 best-performing credit union among 538 credit unions in the U.S. by S&P Global Market Intelligence, a leader in multi-asset class research data and insight. This is a significant increase from last year’s list, where Tech CU was ranked 52 nationwide. The credit union was also ranked no. 1 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.


    San Jose – March 28, 2018 — Tech CU (Technology Credit Union) announced today that its advertising has won the company two CUNA Diamond Awards in the categories of commercial video and radio ads. Additionally, the company won its first Communitas award for efforts in community service and corporate social responsibility.  


    San Jose – March 7, 2017 — Tech CU (Technology Credit Union) announced today that its vice president of human resources, Jeannine Boettcher, has won the YWCA Tribute to Women Award. Additionally, Tech CU was honored with three AVA Digital awards for the company’s digital ads, innovative mobile prospecting tool, and lead generation and nurture program. 


    San Jose, Calif. - February 14, 2018 - Tech CU (Technology Credit Union) announced today that it is providing a $23 million construction loan to W.L. Butler, Inc. The loan will fund the development of a 60-unit apartment building overlooking Central Park in San Mateo.


    San Jose, Calif. – December 8, 2017 – Tech CU (Technology Credit Union) today announced that 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 three years. Additionally, this holiday season, Tech CU announced it will be working closely with Family Giving Tree, a nonprofit that fulfills holiday wishes for children most in need from the Bay Area. This marks Tech CU’s 12th year supporting the organization.


    Family Banking Product, In-House Credit Card Program and Annual Report Recognized in 2017  

    San Jose, Calif– October 27, 2017 – Tech CU (Technology Credit Union) today announced that it has won two Credit Union Journal Best Practices Awards for its Family Banking product and in-house credit card program. Tech CU also won a Gold MarCom Award for its annual report – the third year the credit union’s annual report has been recognized by the international organization. In previous years, these organizations selected the credit union’s website redesign, ad campaign, innovative channels and branch redesign for recognition.


    Will Oversee Member Services and Retail Banking Functions

    San Jose, Calif– October 12, 2017 – Tech CU (Technology Credit Union) announced today that Robert Reed has joined the company as its new Chief Retail Banking Officer and Executive Vice President. He will be responsible for delivering an incredible member experience by leading the company’s retail banking and member services functions.   


    Program Designed for Tech CU’s Commercial, Non-Profit and Government Members 

    San Jose, Calif. – October 5, 2017Tech CU (Technology Credit Union), in conjunction with Belvedere Solar Finance, today announced that it is introducing a solar financing program for its commercial, non-profit and government members. The program will allow members to finance solar systems ranging in price from $100,000 to $2 million with no money down. All financing will be structured so that savings from solar will cover the cost of the financing over time.


     Tech CU (Technology Credit Union) today announced the launch of Card Manager, an intuitive mobile app.

     


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    In The News

  • 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? 


     SAN JOSE, Calif., Sept. 21, 2017 — Ondot Systems, the leading provider of mobile based card services platforms, has integrated its solution with Access Softek to deliver a unified mobile banking and card control experience to financial institutions.


    Why many Bay Area credit unions are growing   San Jose Business Journal Mark Calvey  August 24, 2017 Credit unions have enjoyed strong growth since the financial crisis, with Patelco Credit Union and others saying


    Listen to an interview which aired on radio station KLIV featuring CEO Todd Harris, San Jose Mayor Sam Liccardo and Carl Guardino, head of the Silicon Valley Leadership Group.


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