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  • 2012 Press Releases

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  • Tech CU Exceeds Year-Over-Year Donations

    San Jose, CA (December 19, 2012) — Technology Credit Union has much to be proud of in 2012. Once again, the company’s employees and members have given very generously to help the local communities that Tech CU serves — exceeding last year’s contributions to the tune of more than $187,000 in monetary donations and 1,400 volunteer hours (18 and 17 percent increases over 2011 respectively). These resources go directly to both neighborhood and regional organizations that impact the lives of those in need.

    Send Money Powered by PayPal™

    San Jose, CA (December 19, 2012) — Technology Credit Union (Tech CU) announced today it has launched Send Money Powered by PayPal™, a simple-to-use, person-to-person payment service. Today, Tech CU members can quickly send money directly from their online and mobile banking accounts to almost anyone in the world with a mobile phone or e-mail address (over 60 countries worldwide). Tech CU collaborated with e-commerce giant PayPal to offer the service. The credit union will further expand this service to its ATMs in early 2013, making Tech CU the first financial institution in the country to enable real-time, person-to-person payments from an ATM.

    Anytime, Anywhere Check Mobile Deposit

    San Jose, CA (November 5, 2012) — Technology Credit Union (Tech CU) announced today the successful launch of its new mobile check deposit service, an enhancement to the credit union’s Mobile Banking application for the iPhone® and Android® smartphones.

    Rebecca Nelson Named Woman of the Year

    San Jose, CA (October 24, 2012) — Technology Credit Union is pleased to congratulate SVP of Wealth Management Rebecca Matteson Nelson for being honored with the 2012 ATHENA Leadership Award® presented by the Palo Alto Chamber of Commerce. Since its inception in 1982, The ATHENA Leadership Award® Program has honored more than 6,000 leaders in over 500 communities in the U.S. and internationally for professional excellence, community service and for actively assisting women in their attainment of professional excellence and leadership skills.

    TCU $12 MM Commercial Real Estate Loan

    Technology Credit Union (Tech CU) and the California Institute of Integral Studies (CIIS) announced today that CIIS has chosen Tech CU to refinance its headquarter property in San Francisco’s South-of-Market district with a $12 million commercial real estate loan. With the closing of this financing, Tech CU is now the nonprofit university’s primary lender.

    Tech CU Members Vote to Remain a Credit Union

    San Jose, CA (September 20, 2012) — Technology Credit Union (Tech CU) today announced that Tech CU will continue to operate as a credit union. Barbara Kamm, President and CEO of Tech CU, stated, “Our members have voted and overwhelmingly indicated their preference to remain a credit union. We respect this decision and appreciate that so many of our members weighed in on this important vote. Providing the highest level of service for members will continue to be our top priority – and we will do so under our credit union charter.”

    Robert Sherrard SVP of Commercial Real Estate

    San Jose, CA (June 12, 2012) — Technology Credit Union continues to build its Corporate Banking Group with the announcement today that Robert Sherrard has joined the company as its new Senior Vice President of Commercial Real Estate. In his leadership role, Sherrard will focus on building and deepening Tech CU's relationships with commercial real estate developers, owners, and investors in the Bay Area. He will also be responsible for growing Tech CU's commercial real estate loan portfolio — concentrating on owner-occupied and investor-owned office, mixed-used, warehouse, light industrial, retail and multi-family properties.

    Quick Close Guarantee To Aid Home Buyers

    San Jose, CA (May 30, 2012) — The local housing market is heating up, but inventory levels are still very low, which means home sellers are receiving numerous bids and even cash-only offers. Real estate experts say this is quickly turning the Bay Area into a seller's market — putting buyers at a disadvantage when it comes to finding the home of their dreams. To help, Technology Credit Union offers pre-approvals for home loans and a Quick Close Guarantee for those who qualify: If Tech CU doesn't close a buyer's purchase loan within 10 business days, the buyer will receive a $500 gift card!*

    Preferred Lender for SBA Guaranteed Loans

    San Jose, CA - (February 15, 2012) — Technology Credit Union announced today it has been named a "preferred lender" for Small Business Administration (SBA) guaranteed loans. With preferred lender status, Tech CU will document and process SBA loan requests on behalf of the SBA, streamlining the application process and reducing the time between a request and funding for a business. Tech CU's Business Banking division will handle the applications, processing and servicing for the SBA loans which range from $25,000 to $5 million.

    Al Cadman TCU's Chief Credit Officer

    San Jose, CA - (April 4, 2012) — Technology Credit Union (Tech CU) announced today that Al Cadman has joined the company as its new Executive Vice President and Chief Credit Officer. In his role, Cadman is responsible for overseeing the institution's lending activities and ensuring the continued safety and soundness of its credit portfolio as Tech CU grows its presence in the Bay Area.

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