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  • 2020 News Releases

  • Tech Capital, LLC Provides $10 Million Asset-Based Line of Credit to Taronis Fuels, Inc.

    Tech Capital, LLC, the asset-based finance company and wholly owned subsidiary of Tech CU, announced today it has provided a $10 million asset-based revolving line of credit to Taronis Fuels, Inc., a publicly traded company based in Peoria, Arizona and a global producer of renewable and socially responsible fuels. The loan will support Taronis Fuels’ expansion and development.

    Tech Financial Management, a Division of Tech CU, Launches Automated Digital Investing Service Guided Wealth Portfolios

    Tech Financial Management, a division of Tech CU (Technology Credit Union), announced today the launch of Guided Wealth Portfolios. Powered by LPL Financial, the new service is designed to provide consumers with affordable, automated digital investment capabilities. The service will also provide access to a financial advisor. Now, consumers have the freedom to make their own financial decisions backed by professional advice when needed.

    Dr. Deepti Jaggi Joins Tech CU’s Board of Directors

    Becomes Member of Compensation Committee 

    San Jose, Calif. – June 25, 2020 – Tech CU (Technology Credit Union) is pleased to formally announce the appointment of Dr. Deepti Jaggi to its Board of Directors. Deepti joined Tech CU’s board in January 2020 and is a member of its compensation committee. 

    Tech CU Partners with SunPower to Provide $1 Billion in Solar Financing

    The New Four-Year Commitment Continues Tech CU’s Momentum in Funding Green Energy

    San Jose, Calif. – May 5, 2020 – Tech CU (Technology Credit Union) announced today it will provide $1 billion in financing for residential solar loans via a partnership with SunPower, a sustainable energy company that provides customers with complete solar solutions and services.

    Tech Capital, LLC Hires Randall Haney as its Vice President of Business Development

    Haney to Drive Tech Capital’s Business Development Strategy 

    San Jose, Calif. – April 2, 2020 – Tech Capital, LLC, the asset-based finance company and wholly owned subsidiary of Tech CU announced today that Randall Haney has joined the company as its new Vice President of Business Development. In his role, he will be responsible for business development.

    Tech CU Expands its Commercial Banking Relationship with Keep IT Simple

    Keep IT Simple Adopts Tech CU’s Full Suite of Commercial Banking Products

    San Jose, Calif. – March 11, 2020 – Tech CU (Technology Credit Union) today announced that it has expanded its commercial banking relationship with Keep IT Simple, a company focused on helping other businesses solve complex IT challenges. Based in the Bay Area for more than 30 years, Keep IT Simple is now using Tech CU’s full commercial cash management suite, including:

    Tech CU Provides $14.7 Million Construction Loan to Eastwood Development, Inc.

    Loan will be used to develop four two-unit luxury condominium buildings and one single-family residence 

    San Jose, Calif. – January 30, 2020 – Tech CU (Technology Credit Union) today announced that it is providing a $14.7 million construction loan to Eastwood Development, Inc. The loan will fund the development of four two-unit luxury condominium buildings and one single-family residence in the Potrero Hill neighborhood in San Francisco, Calif. The project’s site is significantly above street level, so construction of the project will require excavation and the removal of more than 6,000 cubic yards of soil and rock. The project is also the largest Eastwood Development has undertaken to date.

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