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Technology Credit Union Continues to Build Commercial Loan Portfolio with $10 Million Mixed-Used Property Loan
San Jose, CA (December 19, 2013) —Technology Credit Union (Tech CU) is ending 2013 as formidably as it began: with strong loan growth in its commercial real estate loan portfolio. The San Francisco Bay Area credit union recently closed a $10 million commercial real estate loan to Pelio & Associates, providing long-term financing for the Los Gatos Motor Inn located on Los Gatos-Saratoga Road.
Tech CU CEO Says High-Skilled Immigrants Are Good for Business Growth
San Jose, CA (December 3, 2013) —Technology Credit Union (Tech CU) has long understood the value of reaching out to high-skilled immigrants in Silicon Valley — a strategy that’s paying off, according to Tech CU’s President and CEO Barbara Kamm.
Tech CU Local Decision Making on Mortgage Applications Provides Home Buyers Faster Approvals
San Jose, CA (November 20, 2013) —The Bay Area housing market is definitely moving into recovery with October’s median home sale price of $539,750 up 29.7 percent from a year earlier, according to real estate data and information service DataQuick.
Tech Wealth Management Grows Asset Management Business With Addition of Investment Advisory Specialist Ryan Mitchell
San Jose, Calif. (November 6, 2013) —Tech Wealth Management, the financial planning and wealth management program at Technology Credit Union (Tech CU), has hired Ryan Mitchell, a financial advisor with extensive industry experience in fee-based investment advisory services and portfolio management.
Technology Credit Union Focuses On Small Business Financing Market with SBA Loan Program
San Jose, CA (October 1, 2013) —Technology Credit Union (Tech CU) announced today it has expanded its SBA (Small Business Administration) loan program with the goal of helping more credit union members grow their businesses within Silicon Valley and the greater Bay Area.
Janikke Klem joins Technology Credit Union as Vice President of Community Relations
San Jose, CA (August 8, 2013) — Technology Credit Union announced today Janikke Klem has joined its team as vice president of community relations. In this role, Klem will focus on continuing to develop relationships within the Bay Area for Tech CU’s community outreach program, and she will serve as the company’s government relations’ liaison.
Technology Credit Union Continues to Grow In Commercial Lending by Closing a $3 Million Construction Loan in July
San Jose, CA (July 18, 2013)—Technology Credit Union (Tech CU) announced this week it has closed a $3 million residential construction loan. The credit union provided the loan to an entity owned by private investment firm Menlo Capital Group to fund the construction of a four-unit townhouse development on College Avenue in Menlo Park.
Tech Wealth Management Can Help Independent Workforce Plan for Financial Future
San Jose, CA (June 27, 2013)— The nature of Silicon Valley’s high tech workforce is changing, as Bay Area companies turn more frequently to contract consultants and other independent workers on a project-by-project basis to save money and remain competitive in the global business market.
Tech CU is First Credit Union to Participate in Affordable Housing Loan Pool for the San Francisco Bay Area
San Jose, Calif. (June 13, 2013) — Tech CU announced today it will be the only credit union among seven banks in the region participating in the first-ever affordable housing loan pool created by Housing Trust Silicon Valley.
Technology Credit Union Global Members Program Makes High Tech Workers Feel at Home
San Jose, Calif. (April 1, 2013) — Technology Credit Union recognizes that moving to a new country and beginning a new life presents a distinct set of challenges. That’s why the credit union offers a unique Global Members program — focusing on the financial needs of high tech immigrant workers.
Cupertino Chamber of Commerce Honors Technology Credit Union with STAR Award for Large Business of the Year
San Jose, CA (March 21, 2013)— Technology Credit Union is proud to announce its Cupertino financial center was honored on March 16 at the Cupertino Chamber of Commerce’s annual STAR Awards Gala, which recognizes excellence by Cupertino businesses, as well as the Citizen of the Year. Tech CU, which was named “Large Business of the Year” for Cupertino, was among several recipients awarded at the event.
Technology Credit Union Grows Its Commercial Lending Portfolio by $15 Million in Last Month of 2012
San Jose, CA (February 21, 2013)—Technology Credit Union (Tech CU) kicked off the New Year with a bang, closing nearly $15 million in
commercial real estate loans
in the last month of 2012. The organization also ended the year with strong loan growth in
closing 676 single–family member loans totaling nearly $219 million.
Technology Credit Union Now Offers Super Jumbo Loans Up To $8 Million
San Jose, CA (January 24, 2013) — Technology Credit Union (Tech CU) announced today it now offers super jumbo loans up to $8 million on adjustable¬-rate and $3 million on fixed-rate mortgages. Tech CU also offers home equity lines of credit (HELOCs) up to $1 million.