As part of its new strategic plan, Tech CU has renewed its commitment to community stewardship.
San Jose, CA (July 1, 2010) — Technology Credit Union has been an active community partner in Silicon Valley since 1960. This year, as the credit union celebrates its 50th anniversary, Tech CU has renewed its commitment to developing strong social partnerships that support the technology community and the greater Bay Area. Kim Vu, formerly of Tech CU’s Private Banking division, has been promoted to Vice President of Community Relations. In this role, she will lead the community relations program and head up Tech CU’s advocacy in government relations.
Tech CU plans to concentrate on supporting non-profit organizations and programs that focus on education in the areas of innovation, science, technology, engineering and math (termed iSTEM). The credit union will also focus on job creation, supporting basic needs (food, clothing, shelter and healthcare) and implementing green business practices.
“We strongly support these areas because they are key to the economic sustainability and community health of the Bay Area,” says Vu. “In the coming year, we’ll become even more active than we’ve been in the past in seeking out organizations to partner with and to whom we can offer our resources through social leadership, contributions and volunteerism.”
Vu went on to explain that in choosing social partners, Tech CU will look for organizations that can help strengthen Tech CU’s support of the technology community and that have synergy with the credit union’s values and goals.
Barbara Kamm, Tech CU’s President and CEO, says of the credit union’s new direction, “It’s in our DNA as a credit union to be very involved in the community and support the people who are doing good work. The difference between what we’re doing now, as opposed to what we’ve done in the past, is that we now have a dedicated person who will focus our outreach in the areas that make the most sense for Tech CU as a company and for the technology community in the Bay Area.”
Tech CU has chosen education (iSTEM), job creation and basic needs as areas in which to focus due to the potential long-term benefits they will have in helping to maintain the quality of life and economic stability in Silicon Valley and the greater Bay Area.
Education. If Silicon Valley is to maintain its competitive advantage in the global market, education in innovation, science, technology, engineering, and math (iSTEM) is needed to better train and prepare our students to succeed in college and compete in the workforce. Tech CU is developing an iSTEM outreach program to benefit youth and to help them become the leaders of tomorrow.
Job Creation. The health and vitality of the economy in the Bay Area and California is directly connected to job creation and growth. Tech CU supports programs and advocates for public policies that create high tech jobs in this region — with an emphasis on job creation in the new, clean energy economy.
Basic Needs. If children are to reach their full potential, they must first have their basic needs met. Tech CU members and employees volunteer for and support nonprofits that help people who lack life's necessities: food, clothing, shelter, and healthcare.
Sustainability. In 2009, Tech CU earned a Santa Clara County Green Business Certification, distinguishing the credit union as a company that adheres to a higher standard of environmental performance. The credit union is committed to implementing business practices that protect, preserve and sustain the environment.
Tech CU is in the unique position of being able to call upon its more than 76,000 members, employees and member¬–companies for community support. And, when necessary, the company provides volunteer resources to nonprofits and other organizations in the area. Girls for a Change, for example, a national organization that empowers thousands of teen girls to create and lead social change, has benefited from Tech CU’s support since 2004.
“Tech CU really walks the talk around community support and is dedicated to a strong culture of giving back,” said Whitney Smith, CEO of Girls for a Change. “We are so proud to be associated with Tech CU and their team!”
ABOUT TECHNOLOGY CREDIT UNIONTechnology Credit Union is a full–service financial institution that serves the technology workforce, small businesses and their community within Silicon Valley and the greater Bay Area. Tech CU was founded 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 76,000 members, over $1.4 billion in assets and 10 full–service branches in the Bay Area, Tech CU is a leader in the credit union industry.
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