Tech CU Employees and Members Give Big in December:
More Than $15,000, 250 Gifts and Over 125 Volunteer Hours
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.
"Each season, our people inspire us with their generosity and the enthusiasm with which they give their time and energy,” said Janikke Klem, vice president of community outreach for Tech CU. “This year, for example, dozens of Tech CU employees helped sort, wrap, and organize some of the more than 70,000 gifts the Family Giving Tree distributes to children during the holidays.”
“Commercial lending is specialized. The loans tend to require customized structures, are typically larger in size, and no two loans are the same,” said Tech CU’s EVP and Chief Banking Officer Joe Anzalone. “Therefore, the requests need to be carefully evaluated to make sure we are servicing our members’ needs while making sure the credit risk has been mitigated for Tech CU. We have assembled a very skilled team of bankers with great experience in CRE, construction and SBA lending to do just that.”
Since 2007, Tech CU has invested more than $1 million in the Bay Area communities it serves. The credit union’s community partners include organizations that support STEM education (science, technology, engineering, and math), financial literacy, affordable housing, and health and wellness, such as: Breakthrough Silicon Valley, The Tech Museum of Innovation, and Housing Trust Silicon Valley.
“When it comes to giving, our employees are incredible,” said Tech CU President and CEO Barbara Kamm. “They always rise to the occasion when we ask them to support a cause. For example, in just six weeks this fall we raised more than $21,000 for the Leukemia & Lymphoma Society through employee donations. That’s impressive.” .
“It’s thanks to the generous ‘Spirit of Giving’ encouraged by companies like Tech CU that we are able to provide a regular childhood experience for the poorest in our community,” said Jennifer Cullenbine, “Queen Elf,” CEO and founder of Family Giving Tree. “Thousands of Bay Area children living in poverty received joy with the fulfillment of their specific holiday wish.”.
Learn more about Tech CU’s community outreach program and how you can get involved.
ABOUT TECHNOLOGY CREDIT UNION
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 more than 54 years and today has more than 70,000 individual, non-profit and business members and over $1.8 billion in assets. The financial institution is recognized as one of the best managed and strongest in the country, as indicated by Tech CU’s 5-star rating from Bauer Financial, the nation’s largest independent rating service for banks and credit unions. Tech CU’s members have access to 65,000+ surcharge-free ATMs nationwide, online and mobile banking, 9 full-service branches throughout the Bay Area, and comprehensive mortgage, wealth management, private banking and commercial banking services.