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Tawnya Lancaster
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Tech CU’s Wealth Management Division Continues With Record Growth In Investments and Private Banking

Division leader Rebecca Matteson Nelson named to the board of directors for the Bank Insurance & Securities Association (BISA).

San Jose, Calif. (April 30, 2015) — It’s been a good three years for Tech CU’s Wealth Management Division, the private banking and brokerage and investment advisory arm at Tech CU (Technology Credit Union). Since 2011, the group has seen consistent, record growth, with its last fiscal year (2014) showing a 19 percent increase in Tech Wealth Management’s investment assets under management compared to the previous year. In the first quarter of 2015, Tech CU’s Wealth Management Division’s total investment assets under management reached more than $570 million. Tech CU’s Private Banking loan portfolio exceeded $240 million.

In addition, Tech Wealth Management has twice been a finalist for the prestigious Financial Institution’s Award from Cetera Investment Services, one of the largest broker-dealers in the U.S. serving financial institutions. Through this honor, the group was recognized for achieving top sales in 2014 among financial institutions that have between $1 billion to $2 billion in deposits. Three Tech Wealth Management Financial Advisors were also named to CIS’ President’s Club, the highest award bestowed to its partners.

Led by Senior Vice President Rebecca Matteson Nelson, the wealth management and private banking team includes veteran financial advisors and private banking managers who work one-on-one with members as a personal resource and single point of contact for all of their financial needs. Areas of expertise include:

  • Retirement planning
  • Financial planning and stock option planning
  • Transfers/rollovers of retirement assets
  • Funding a child’s education
  • Growing, preserving and transferring wealth
  • Insuring against the unexpected for individuals and businesses
  • Personal, business and investment real estate loans; stock secured lines of credit and stock secured term loans

“We’ve built a reputation for providing the highest quality, personalized service paired with convenience and choice — and we’re local to the Bay Area, which people appreciate,” said Nelson of the division’s success. “We take the time to sit down one-on-one and discuss your financial goals, lifetime plan and how you would like to work with us. Then, we act as your quarterback, creating and managing a strategy, directing the appropriate teams and ensuring things get done so you can meet those goals."

Tech Wealth Management offers several options for investment planning:

  • Financial Advisors can manage a client’s portfolio in full — making all investment decisions on their behalf, based on their specific financial goals.
  • For clients who want to be more involved in managing their investments, Tech Wealth Management will support them by providing professional brokerage advice and guidance.
  • For clients who want to be more involved in managing their investments, Tech Wealth Management will support them by providing professional brokerage advice and guidance.

Nelson was also recently appointed to the board of the Bank Insurance & Securities Association (BISA). BISA member companies include leading depository institutions of all sizes within the financial advisory industry, as well as their partners.

“The election of Rebecca Nelson to the BISA Board of Directors underscores two key initiatives for our association,” said BISA Board President Dan Overbey. “As we look at our Board composition, we strive to emphasize the importance of credit unions in our leadership ranks. And secondly, Rebecca’s selection reflects BISA’s recognition of her career within the industry and our commitment to the growing importance of diversity across our industry’s landscape.”

“Becky brings to BISA a vast amount of wealth management and financial services experience,” said LeAnn Rummel, EVP and national sales manager for Cetera Financial Institutions. “She is an innovator and constantly looking for ways to improve existing processes. She provides a unique and new perspective.”

Nelson also serves on the board of the Financial Planning Forum, a highly respected professional association in the San Francisco Bay Area for financial planners, accountants, investment counselors and other related professionals within the financial advisory industry.

For more information, go to Tech Wealth Management.

Securities and insurance products are offered through Cetera Investment Services LLC (doing insurance business in CA as CFGIS Insurance Agency), member FINRA/SIPC. Advisory services are offered through Cetera Investment Advisers LLC. Neither firm is affiliated with Technology Credit Union. Investments are: • Not FDIC/NCUSIF insured • May lose value • Not financial institution guaranteed • Not a deposit • Not insured by any federal government agency.

ABOUT TECHNOLOGY CREDIT UNION

www.techcu.com

Tech CU is a $1.9 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 easy and empowering.

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