• 2012 News Releases

  • Technology Credit Union Exceeds Year-Over-Year Donations and Giving to Bay Area Communities

    San Jose, CA (December 19, 2012) — Technology Credit Union has much to be proud of in 2012. Once again, the company’s employees and members have given very generously to help the local communities that Tech CU serves — exceeding last year’s contributions to the tune of more than $187,000 in monetary donations and 1,400 volunteer hours (18 and 17 percent increases over 2011 respectively). These resources go directly to both neighborhood and regional organizations that impact the lives of those in need.

    Technology Credit Union Launches Send Money Powered by PayPal™ Service

    San Jose, CA (December 19, 2012) — Technology Credit Union (Tech CU) announced today it has launched Send Money Powered by PayPal™, a simple-to-use, person-to-person payment service. Today, Tech CU members can quickly send money directly from their online and mobile banking accounts to almost anyone in the world with a mobile phone or e-mail address (over 60 countries worldwide). Tech CU collaborated with e-commerce giant PayPal to offer the service. The credit union will further expand this service to its ATMs in early 2013, making Tech CU the first financial institution in the country to enable real-time, person-to-person payments from an ATM.

    Technology Credit Union Offers Anytime, Anywhere Check Deposit with Tech CU Mobile Deposit

    San Jose, CA (November 5, 2012) — Technology Credit Union (Tech CU) announced today the successful launch of its new mobile check deposit service, an enhancement to the credit union’s Mobile Banking application for the iPhone® and Android® smartphones.

    Tech CU Wealth Management SVP Rebecca Matteson Nelson Is Named Outstanding Woman of the Year

    San Jose, CA (October 24, 2012) — Technology Credit Union is pleased to congratulate SVP of Wealth Management Rebecca Matteson Nelson for being honored with the 2012 ATHENA Leadership Award® presented by the Palo Alto Chamber of Commerce. Since its inception in 1982, The ATHENA Leadership Award® Program has honored more than 6,000 leaders in over 500 communities in the U.S. and internationally for professional excellence, community service and for actively assisting women in their attainment of professional excellence and leadership skills.

    Technology Credit Union Provides $12 Million Commercial Real Estate Loan for California Institute of Integral Studies (CIIS)

    Technology Credit Union (Tech CU) and the California Institute of Integral Studies (CIIS) announced today that CIIS has chosen Tech CU to refinance its headquarter property in San Francisco’s South-of-Market district with a $12 million commercial real estate loan. With the closing of this financing, Tech CU is now the nonprofit university’s primary lender.

    Tech CU Members Vote to Remain a Credit Union

    San Jose, CA (September 20, 2012) — Technology Credit Union (Tech CU) today announced that Tech CU will continue to operate as a credit union. Barbara Kamm, President and CEO of Tech CU, stated, “Our members have voted and overwhelmingly indicated their preference to remain a credit union. We respect this decision and appreciate that so many of our members weighed in on this important vote. Providing the highest level of service for members will continue to be our top priority – and we will do so under our credit union charter.”

    Robert Sherrard Joins Tech CU as Senior Vice President of Commercial Real Estate

    San Jose, CA (June 12, 2012) — Technology Credit Union continues to build its Corporate Banking Group with the announcement today that Robert Sherrard has joined the company as its new Senior Vice President of Commercial Real Estate. In his leadership role, Sherrard will focus on building and deepening Tech CU's relationships with commercial real estate developers, owners, and investors in the Bay Area. He will also be responsible for growing Tech CU's commercial real estate loan portfolio — concentrating on owner-occupied and investor-owned office, mixed-used, warehouse, light industrial, retail and multi-family properties.

    Technology Credit Union Named Preferred Lender for SBA Guaranteed Loans

    San Jose, CA - (February 15, 2012) — Technology Credit Union announced today it has been named a "preferred lender" for Small Business Administration (SBA) guaranteed loans. With preferred lender status, Tech CU will document and process SBA loan requests on behalf of the SBA, streamlining the application process and reducing the time between a request and funding for a business. Tech CU's Business Banking division will handle the applications, processing and servicing for the SBA loans which range from $25,000 to $5 million.

    Al Cadman Joins Tech CU as Executive Vice President and Chief Credit Officer

    San Jose, CA - (April 4, 2012) — Technology Credit Union (Tech CU) announced today that Al Cadman has joined the company as its new Executive Vice President and Chief Credit Officer. In his role, Cadman is responsible for overseeing the institution's lending activities and ensuring the continued safety and soundness of its credit portfolio as Tech CU grows its presence in the Bay Area.

    Rebecca Matteson Nelson To Lead Tech CU's Wealth Management Group

    San Jose, CA - (March 19, 2012) — Technology Credit Union announced today that Rebecca Matteson Nelson has joined the company as its new SVP of Wealth Management. In her role, Ms. Nelson will lead an experienced team of wealth management professionals who provide full-service private banking and investment solutions to Tech CU members and their families, as well as to Silicon Valley companies and their employees.

    Technology Credit Union Employees and Members Gave $147,000 in Donations and 825 Volunteer Hours in 2011 to Bay Area Nonprofits

    San Jose, CA - (February 7, 2012) — 2011 was a banner year for Tech CU in terms of the financial institution helping nonprofits in the Bay Area. Tech CU employees, members and their families gave more than $147,245 in monetary donations and 825 volunteer hours (an average of 16 hours per week) to local organizations that have a direct impact on people's lives in the region.

    1,000 Hearts for 1,000 Minds to Air New PSA Aimed at Matching 1,000 Local Volunteers with 1,000 K-8 Students

    San Jose, CA - (January 23, 2012) — 1,000 Hearts for 1,000 Minds, a partnership between the Silicon Valley Leadership Group and City of San Jose that aims to narrow the achievement gap in Silicon Valley, will air its first public service announcement (PSA) this week on CreaTV San Jose channels (15, 27 and 30), as well as through several web channels, including www.techcu.com. The PSA was underwritten by Technology Credit Union and will help raise awareness for the initiative, which hopes to match 1,000 caring adult volunteers with 1,000 K-8 public school students who are struggling in literacy, math and science.

    Tech CU Is Committed to Lower Fees and Free Checking

    San Jose, CA - (January 10, 2012) — New banking rules imposed by Congress on debit and overdraft fees may have spurred many banks to begin charging more for their products and services. However one local financial institution, Bay Area-based Tech CU, has pledged to maintain its low fees and free checking for members.

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