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


Contact Information:
Tawnya Lancaster
Public Relations
Phone: 408-205-1618

The Silicon Valley financial institution reflects on its 2011 community program as it plans for an even stronger 2012

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.

"Technology Credit Union has a long tradition of giving back to the communities it serves," said Kim Vu, vice president of social impact, innovation and relationships. "We may not be the largest financial institution in the Bay Area, but I believe we are amongst the highest in terms of our per employee giving. I'm really proud of what we were able to accomplish last year and am expecting 2012 to be even better."

Vu also said that Tech CU will continue its focus in 2012 on giving to programs and organizations that support STEM education (Science, Technology, Engineering and Math), youth wrap around services (food, clothing, shelter, healthcare, counseling, college preparation and leadership development for children and young adults) and the arts, innovation and diversity in technology.

Tech CU's support and involvement in these areas includes employee and member volunteerism and donation drives, as well as monetary funds donated by the organization itself.

"I was so impressed by how our members and their families joined together with Tech CU employees to support what we were doing last year," said Tech CU President and CEO Barbara Kamm. "Whether it was giving their money, energy or time, so many people stepped up to the plate."

Some of the organizations and programs Tech CU supported in 2011 include:

  • Silicon Valley Education Foundation's Step Up to Algebra program
  • Laboratory for Learning for Teachers
  • Family Giving Tree Backpack and Supplies Donations
  • Family Giving Tree Toy Donations
  • Tech Museum Tech Challenge
  • GLOW Financial Education & College Prep program
  • San Jose Museum of Art's Multipart Art program for schools
  • Breakthrough Silicon Valley
  • Bill Wilson Center
  • Girls for A Change

Peter Kim, the executive director of GLOW, described how Tech CU worked with his organization to help mentor students in the community. "Tech CU partnered with us to help under-resourced students not only in San Jose, but throughout California. Over the past six months, seven Tech CU employees were trained as GLOW mentors and began mentoring students at Breakthrough Silicon Valley, a GLOW nonprofit partner site. Tech CU employees are helping more than 40 students navigate the world of budgeting and college financing. Together we're changing the dynamics of college access and success for under-resourced communities in California."

To learn more about Tech CU's community outreach program, see how you can get involved.

Founded in 1960 by the employees of Fairchild Camera and Instrument Semiconductor Division, Tech CU has served the high tech workforce in Silicon Valley for 50+ years. Today, Tech CU has extended its membership benefits to small and medium-size businesses and individuals who live and work in the greater Bay Area. The financial institution is recognized as one of the best managed and strongest in the country. Tech CU's 74,000 members have access to 68,000+ surcharge-free ATMs nationwide, online and mobile banking, 10 full-service branches in the Bay Area, and comprehensive wealth management and small business services.

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