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Tech CU Employees and Members Give Big in December
San Jose, Calif. (December 31, 2014) —In the spirit of the holidays, Tech CU (Technology Credit Union) employees, members and their families generously donated more than $15,000 and 250 gifts, and performed 125 volunteer hours in December for the Family Giving Tree, a nonprofit that fulfills the exact holiday wishes of children in the most need in Bay Area communities. The credit union has supported the organization for more than a decade through its holiday giving campaigns and fall backpack drives.
Tech CU Closes $33 Million in Commercial Lending in the Last Month, Fueling Expansion for Small Businesses and Real Estate Developers
San Jose, Calif. (November 3, 2014) — Tech CU (Technology Credit Union) ended the third quarter of 2014 by closing $33 million in commercial real estate (CRE), construction, and SBA loans for Bay Area developers, investors, and small business owners. The SBA reported that Tech CU is now ranked as the top producing credit union by dollar amount of 7(a) and 504 loans in California for their fiscal year ending September 30, 2014. This puts the credit union on track to end 2014 with strong, continued growth in commercial lending.
The $33 million in loans included a $5 million SBA 7(a) loan to support the purchase of a hospitality property in Milpitas, a $15 million construction loan for a 60-unit condominium development in Santa Clara by SiliconSage Builders®, and a $13 million CRE acquisition and renovation loan for a multi-tenant office building in San Francisco.
White House Honors Tech CU President and CEO Barbara B. Kamm
San Jose, Calif. (October 22, 2014) —Tech CU President and CEO Barbara B. Kamm traveled to the White House this week to be among nine American business leaders honored as "Champions of Change” for leading integration and workforce development efforts around the country to promote citizenship in the workplace. The Champions of Change program was created as an opportunity for the White House to feature individuals doing extraordinary things to empower and inspire members of their communities.
Tech CU’s Barbara B. Kamm Named to Board of Directors for San Jose Silicon Valley Chamber of Commerce
San Jose, Calif. (October 8, 2014) —Tech CU's (Technology Credit Union), President and CEO Barbara B. Kamm has been named to serve on the board of directors for the San Jose Silicon Valley Chamber of Commerce. Kamm is an experienced banking executive and community leader who advocates for diversity within companies and on corporate boards, as well as for workforce development. This includes her support of investment in STEM education and community colleges to provide more opportunities for cost-effective education and training in technology-oriented fields.
Cetera Investment Services Honors Tech Wealth Management with Prestigious President’s Award
San Jose, Calif. (October 2, 2014) —Tech Wealth Management, the brokerage and investment advisory arm at Tech CU (Technology Credit Union), was recently honored with the prestigious President’s Award from Cetera Investment Services, one of the largest broker-dealers in the U.S. serving financial institutions.
Tech CU Announces Financing Relationship with Tesla Motors
San Jose, CA (Sept. 18, 2014) —Tech CU (Technology Credit Union) announced it is working with Tesla Motors as a preferred financing partner for their Model S, Model X and Roadster electric vehicles — offering up to 100 percent financing with a competitive annual percentage rate (APR).
Top Five Mobile Banking Security Tips from Tech CU
San Jose, Calif. (August 27, 2014) —A record number of consumers today are banking on their mobile devices for everything from balance inquiries to mobile deposits. According to research group AlixPartners, mobile banking is now used by 28 percent of banking Americans, with 60 percent of smartphone/tablet users saying mobile banking capabilities are “important” or “extremely important” in their decision to switch banks. With this convenience, however, comes the potential for fraud and security breaches.
Tech CU Names Kate Duggan to Lead Brand Engagement and Growth
San Jose, CA (April 30, 2014) — Tech CU (Technology Credit Union) announced today that Kate Duggan has joined the company as Senior Vice President of Marketing. Duggan will steer the strategic direction of branding, marketing communications and member engagement for the credit union, including its retail, business and commercial banking, and wealth management divisions. She will report to Barbara Kamm, Tech CU’s president and CEO.
SBA Loan From Tech CU Helps Small Business Quickly Acquire New Office Space in San Francisco
San Jose, CA (April 9, 2014) —Technology Credit Union (Tech CU) continues to grow its Small Business Administration (SBA) lending program with the funding of an SBA loan for San Francisco-based certified public accountant (CPA) firm Kustov & Associates, founded by Dmitriy Kustov, the firm’s president. The commercial real estate loan will be used to purchase and renovate new office space in San Francisco, where Mr. Kustov will relocate his company’s headquarters.
Technology Credit Union Provides SBA Loan to California Winery Sera Fina Cellars
San Jose, CA (April 7, 2014) —Technology Credit Union (Tech CU) announced this week it recently closed on a $1.4 million Small Business Administration (SBA) loan for Sera Fina Cellars, an emerging winery launched by fifth-generation winemaker Paul Scotto in Amador County. The SBA-guaranteed commercial loan will be used for the purchase of vineyards, a winery and a tasting room in the town of Plymouth.
Technology Credit Union to Focus on STEM Education, Financial Literacy and Affordable Housing in 2014
San Jose, CA (February 12, 2014)—Technology Credit Union (Tech CU) announced today its core focus areas for community outreach in 2014: STEM education (science, technology, engineering and math), financial literacy and affordable housing. The credit union will support local organizations and nonprofits that provide resources and programs in these areas through community grants and employees who choose to donate their time and money.
Technology Credit Union Refinances $4.5 Million Commercial Loan for Historic Fox Theatre in Redwood City
San Jose, CA (January 23, 2014) —Technology Credit Union (Tech CU) announced this week the credit union has funded a $4.5 million commercial loan for the historic Fox Theatre building in downtown Redwood City.