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    Technology Credit Union President/CEO Departs After Fourteen Years

    Leading Bay Area credit union bids farewell to its highly respected leader 

    San Jose, CA (April 28, 2009)—Technology Credit Union announced today that as of May 1st, its long-time CEO, Ken Burns, would be leaving the credit union to take a new position as President/CEO of Patelco Credit Union. Mr. Burns, who has led Tech CU for fourteen years, presided over the credit union during a period of successful and dynamic growth, particularly in the area of mortgage lending. During his tenure, the credit union reached the billion dollar mark in asset size, expanded its charter to open its membership to those living and working in the six Bay Area counties, and added new products such as business services and mobile banking. Most recently, he oversaw the conversion of Tech CU’s core operating system to a new, state-of-the-art IT platform in September of 2008.

    “Ken has done a wonderful job as CEO for Technology Credit Union, and I credit his strong leadership, extensive knowledge of the industry and prudent guidance as primary reasons for Tech CU’s successful growth and stability over the past fourteen years”, said Mical Atz Brenzel, Chairman of the Board for Technology Credit Union. “I know I speak not only for the Board of Directors and the Supervisory Committee, but also for the entire staff of Tech CU when I say that Ken has been an inspiring leader who will be truly missed”.

    ABOUT TECHNOLOGY CREDIT UNION 

    Technology Credit Union is a full-service, financial institution serving individuals who work, live, go to school or regularly worship in Santa Clara, Alameda, Contra Costa, Santa Cruz, San Mateo and San Francisco counties. Tech CU was started in 1960 and is now among the top 1 percent of the nation’s largest credit unions. It is recognized as one of the best managed and strongest financial institutions 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. With more than 78,000 members, over $1 billion in assets and 10 full-service branches around the Bay Area, Tech CU is a leader in the credit union industry.