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  • 2019 News Releases

  • Tech CU Named One of Silicon Valley’s Most Philanthropic Companies for the Fifth Consecutive Year

    Wins a Credit Union Journal Best Practices Award and Two MarCom Awards; SVP Fawzia Sarwar named Credit Union Rock Star

    San Jose, Calif. – December 10, 2019 Tech CU (Technology Credit Union) today announced multiple award wins for the company. 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 five years. Tech CU also received a Credit Union Journal Best Practices Award for its Revel Wine campaign and won two MarCom awards: gold for its e-annual report and an honorable mention for its Revel Wine integrated marketing campaign. Lastly, Tech CU’s senior vice president of retail banking, Fawzia Sarwar, was named a Credit Union Rock Star by Credit Union Magazine.

    Tech CU Helps More Than 35,000 Consumers Commit to Green Energy

    Milestone One of Many That Marks Tech CU’s Commitment to Green Energy Alternatives

    San Jose, Calif. – December 3, 2019 Tech CU (Technology Credit Union) announced today its continued commitment to green energy alternatives. Since 2016, the company has funded more than $1 billion in residential solar loans through its partnership with Sunlight Financial, helping more than 35,000 homeowners across the country save money while protecting the environment.

    Tech CU Enters into New Broker-Dealer Relationship with LPL Financial Changes Name of its Wealth Management Group to Tech Financial Management

    Move to LPL Financial Will Enable Tech CU to Scale its Investment Services Platform

    San Jose, Calif. – October 16, 2019 –Technology Credit Union (Tech CU) recently entered into a new broker-dealer relationship with LPL Financial, a move that will enable Tech CU to scale its investment services platform and provide additional functionality to better serve its members and compete in the financial planning space. Additionally, Tech CU changed the name of its wealth management group from Tech Wealth Management to Tech Financial Management to better reflect the services the company provides.

    Second Street Studios, the Affordable Housing Project in San Jose Financed by Silicon Valley Bank and Tech CU, is Complete

    Grand Opening to Take Place August 23, 2019

    San Jose, Calif. – August 22, 2019 – Tech CU (Technology Credit Union) is pleased to announce that Second Street Studios, an affordable housing project in San Jose, will host its grand opening on August 23, 2019 from 10 am – noon PT. In March 2017, Tech CU participated with Silicon Valley Bank (SVB) to provide funding for First Community Housing to build the new 135-unit housing project in San Jose. Tech CU’s participation totaled $8 million.

    Tech CU Provides a SBA 7A Loan to Lee’s Supermarket

    Located at 2889 Senter Road in San Jose, Calif., the new store also features a Lee’s Sandwiches shop inside

    San Jose, Calif. – May 23, 2019 – Tech CU (Technology Credit Union) today announced it has provided a SBA 7A loan to Lee’s Supermarket. The loan funded tenant improvement build out, equipment acquisition and working capital for start-up costs. Located at 2889 Senter Road in San Jose, California, the new store also features a Lee’s Sandwiches shop inside

    Tech CU Hires Steve Shead as its Head of Technology

    San Jose, Calif. – August 20, 2019 – Tech CU (Technology Credit Union) announced today that Steve Shead has joined the company as its new Head of Technology. He will be responsible for driving Tech CU’s long-term IT strategy and is well-versed in strategic planning, budget management, change management, cloud services, networks, information security, data management, negotiations and vendor management. Steve will also join Tech CU's Managing Committee.

    Tech CU Provides $4.675 million USDA Business Loan to Oceanic Enterprises

    SAN JOSE, Calif., Aug. 7, 2019 -- Tech CU (Technology Credit Union) announced it has provided a $4.675 million USDA business loan to Oceanic Enterprises, a private property management firm based in San Diego, California. The loan helped Oceanic Enterprises purchase The Ascot Suites, a 32-room boutique hotel located at 260 Morro Bay Boulevard in Morro Bay, California.

    Tech CU Wins Communitas, Hermes Creative, Stevie, and Communicator Awards

    Tech CU Honored for its Social Responsibility, TV Ad, and Annual Report

    San Jose, Calif. – May 23, 2019Tech CU (Technology Credit Union) today announced it has won a Communitas Award for its community service and corporate social responsibility efforts. The company has also won two Hermes Creative Awards including a gold award for its latest TV ad and an honorable mention for its 2017 annual report. Lastly, the company has won a bronze Stevie Award for its annual report and received a Communicator Award for its newest TV ad.

    Tech CU’s Franca Cozzitorto Wins Silicon Valley Business Journal Women of Influence Award

    Company also wins CUNA Diamond, AVA Digital and Second Harvest Food Bank Awards

    San Jose – April 23, 2019 — Tech CU (Technology Credit Union) announced today that its head of Enterprise Risk Management, Franca Cozzitorto, Silicon Valley Business Journal’s Women of Influence award. Tech CU also received a CUNA Diamond Award for its annual report and a gold AVA Digital Award for its Card Manager promotional video. Lastly, it received a Blue Diamond Award from Second Harvest Food Bank.

    Tech CU Named Third Top Performing Credit Union in the U.S. by S&P Global Market Intelligence for the Second Year in a Row

    Tech CU Claims no. 1 spot in California, Grows Membership 16.2 Percent  

    San Jose – March 20, 2019 — Tech CU (Technology Credit Union) announced today it was named the third best-performing credit union among 552 credit unions in the U.S. by S&P Global Market Intelligence, a leader in multi-asset class research data and insight. This is the second year in a row the credit union received this ranking and Tech CU is the only one of the top 3 from last year to make the top 3 list this year. The credit union also maintained its no. 1 ranking 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. 

    Tech CU Financial Advisor, Debbie Krumwiede, Earns Special Designation of Certified Retirement Counselor

    Becomes 1 of 3 People in the City of San Jose and 1 of 119 people in the State of California to receive this designation

    SAN JOSE, Calif., Feb. 26, 2019 (GLOBE NEWSWIRE) -- Tech CU (Technology Credit Union) announced today that Debbie Krumwiede, a senior financial advisor at Tech CU, became one of three people in the city of San Jose to earn the special designation of Certified Retirement Counselor. She is also one of only 119 people in the State of California to receive the designation.

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