FOR IMMEDIATE RELEASE
Tech CU’s Todd Harris Named to Board of Directors for Joint Venture Silicon Valley
EVP, Chief Financial Officer and Chief Administrative Officer
San Jose, CA (April 1, 2015) — Todd Harris, the executive vice president, chief financial officer and chief administrative officer for Tech CU (Technology Credit Union), has been named to serve on the board of directors for Joint Venture Silicon Valley, one of the Bay Area’s most influential organizations focused on addressing issues affecting the region's economy and quality of life.
Among Joint Venture’s initiatives, Harris is particularly interested in the challenges the Bay Area faces with regard to housing and commercial development, economic development and wireless communications.
“Tech CU has served this area since the 1960s. Because of that history and the fact that our membership is wholly made up of the people who live and work here, we have a strong interest in seeing the Bay Area maintain its competitive advantage, continue its economic growth and sustain the quality of life we enjoy,” said Harris. “I’m honored to be selected as a board member of Joint Venture to help influence that.”
Harris believes that Joint Venture’s Wireless Communications Initiative is particularly important to ensuring the region’s ability to keep up with the increasing number of competitive tech hubs in the U.S. and abroad.
“The explosion of mobile devices and the way in which consumers are using them for everyday activities, like banking, mean that we need advanced infrastructure in place to keep up with the demand for greater bandwidth,” said Harris. “This directly impacts the growth of the Bay Area because startups and larger companies alike rely on this infrastructure to provide the services their customers demand. Our members, for example, are using mobile banking 24/7.”
Harris has 23 years of experience in financial services and has spent more than a decade as an executive leader for banks and credit unions in the Bay Area. At Tech CU, he directs all finance and accounting related functions for the company, in addition to heading up strategic planning, information systems and technology, operations and corporate services.
Prior to joining Tech CU, Harris was CFO for Alliance Credit Union, where he successfully steered the company toward profitability through the 2007-2010 recession. He served as CFO for Pentech Financial Services, where he was instrumental in achieving a positive operating income and raising $15 million in subordinated debt. Harris also spent more than a decade at Silicon Valley Bank, where he held the position of SVP Finance and Strategic Planning.
A native to the region, he received his B.A. in Business Administration with a focus on finance from San Jose State University.
“Todd’s passion for this area and desire to see it continue to grow and thrive will be a great asset to our board of directors," said Russell Hancock, president and CEO of Joint Venture Silicon Valley. "I look forward to his contributions and insight as a leader in financial services.”
Tech CU is a $1.8 billion credit union serving more than 70,000 members throughout the San Francisco Bay Area— including employees of such companies as Tesla, eBay, Applied Materials, Nvidia and Facebook. A federally insured, not-for-profit organization, we put the financial interests of our members ahead of shareholder profit by helping members achieve their financial goals on their terms and sharing the benefits of our growth. Founded in 1960 by a group of forward-thinking employees at Fairchild Semiconductor, today we continue to be an industry leader, providing innovative financial products for all stages of our members’ lives, including personal banking, wealth management, private banking, commercial lending and business banking. Tech CU consistently achieves a customer satisfaction rating above 95 percent and maintains a 5-star rating from Bauer Financial, the nation’s largest independent rating service for financial institutions. And, with mobile and online banking, 65,000+ surcharge-free ATMs, and convenient branch access to our financial experts, Tech CU makes 24/7 banking more than easy — we make it empowering.
Joint Venture Silicon Valley was established in 1993. A non-profit organization, the group convenes the region’s leaders across every major sector — government, business, academia, labor, and community organizations. The organization provides data and analysis on our region’s challenges, and leads initiatives to address those challenges. Joint Venture is funded by cities and counties, local companies, colleges and universities, labor and workforce institutions and foundations. For more information, visit www.jointventure.org.