Our San Francisco branch is temporarily closed due to shelter in place guidelines and the occasional impact this has on our ability to staff all of our branches. The following branches are open: Campbell, Cupertino, Dublin, Fremont, Milpitas, Palo Alto, San Jose, Santa Teresa, and Sunnyvale. Branch ATMs remain operational.
Click here for branch locations and hours.
September 16, 2020
By: Team, Technology Credit Union, Tech CU Team
In uncertain times, it is no wonder many people feel their savings may be at risk. We are here to reassure you that, even now, your money is safe at Tech CU.
Savings, share drafts, money markets, and retirement accounts at Tech CU are federally insured up to $250,000 by the National Credit Union Administration (NCUA) and backed by the full faith and credit of the U.S. government. Moreover, not one cent of insured deposits has ever been lost by a member of a federally insured credit union. This means you can rest assured that your hard-earned money is backed by a reliable network. Additionally, it should be noted that unlike the 2008 financial crisis, the current situation is not generated by the banking system. So although it has certainly caused financial dilemmas, the pandemic is not a symptom of institutional breakdown in the financial sector.
There is no need to withdraw large sums of cash during this time. Doing so may actually make your funds susceptible to fraud and scams (see our recent articles on fraud). Instead, only withdraw what you need and rest easy knowing you have constant access to Tech CU’s online and mobile banking. If you need to sign up for online banking, just click here and follow the prompts. And remember, your money in Tech CU accounts receives favorable interest rates!
Tech CU has been innovating the banking experience since 1960—that's 60 years! We are committed to serving our members in these difficult times and we are confident in our ability to continue offering safe and reliable banking. But, don't just take our word for it. Technology Credit Union was ranked by S&P Global Market Intelligence among the top 3 best-performing credit unions in California—and among the top 10 in the United States—for three consecutive years!
We know this has been a difficult year full of doubts, but your banking shouldn't be one of them. If you have any questions or concerns, our Contact Center is ready to take your call from 8:00 am - 6:00 pm Monday through Friday and 10:00 am - 2:00 pm on Saturdays. Just call (408) 451-9111 or (800) 553-0880. Or, simply request a callback and we’ll contact you directly, no need to wait on hold!
Posted September 16, 2020 by Team