Tech CU Wins Credit Union Journal Best Practices and MarCom Awards for the Third Consecutive Year
Family Banking Product, In-House Credit Card Program and Annual Report Recognized in 2017
San Jose, Calif. – October 27, 2017 – Tech CU (Technology Credit Union) today announced that it has won two Credit Union Journal Best Practices Awards for its Family Banking product and in-house credit card program. Tech CU also won a Gold MarCom Award for its annual report – the third year the credit union’s annual report has been recognized by the international organization. In previous years, these organizations selected the credit union’s website redesign, ad campaign, innovative channels and branch redesign for recognition.
Designed to help credit unions learn from one another, the Credit Union Journal's Best Practices Award program recognizes tested, results-driven strategies developed by credit unions to boost growth, improve efficiency, cut costs and drive revenue.
This year, Tech CU was honored for its Family Banking product, which allows both a parent and child to link their bank accounts, make instant deposits and reimbursements, track balances and monitor transactions — all at no charge. The product is the brainchild of Todd Harris, Tech CU’s CEO, who wanted a better way to interact financially with his kids.
“We are so happy to be recognized for our Family Banking product,” said Todd Harris, CEO of Tech CU. “As a parent, I know how tough it can be to have cash on hand for allowance, remember to get reimbursed or have a financial conversation with my sons. In fact, I purposely built the functions surrounding Family Banking with the specific intent of using it with my boys. We also wanted the product to be as similar to the real world as possible, so that they could truly experience what it’s like to manage their money.”
Also recognized was Tech CU’s in-house credit card program, which offers three credit cards to its members:
- VISA Signature® with Rewards Points: Allows users to earn 1.25 reward points for every dollar spent on purchases. Points can be redeemed for merchandise, travel, gift cards and more.
- VISA Classic® (Secured): Designed specifically to help people establish or rebuild credit.
- VISA Classic® (Unsecured): Offers the lowest interest rate among the three cards.
“We are thrilled to have won a best practices award for bringing our credit cards in-house,” said Jeannie Sugaoka, Senior Vice President of Support Services at Tech CU. “We're now able to offer a much better credit card experience to our members, including quicker approvals, approvals for those who are new to the country and an overall higher standard of service.”
Lastly, Tech CU won a Gold MarCom award for its annual report. An international creative competition that recognizes outstanding achievement in marketing and communications, the MarCom Award winners are selected from among more than 6,000 entries from over 30 countries by the Association of Marketing and Communication Professionals (AMCP).
“We’re thrilled to be recognized for our 2016 annual report, whose theme, Evolution, reflects today’s rapidly changing banking landscape,” said Kate Duggan, Tech CU’s Senior Vice President of Marketing. “In 2016, Tech CU evolved in many ways, including launching new products and a new website. We remain committed to evolving to meet our members’ changing needs in the future.”
You can learn more about Tech CU’s in-house credit cards at https://www.techcu.com/Personal/Loans-and-Lines/Visa-Credit-Cards/.
To sign-up for Family Banking visit https://www.techcu.com/Personal/Accounts/Family-Banking/.
You can view the company’s annual report at https://www.techcu.com/uploadedFiles/_Techcu/Content/About_Tech_CU/Newsroom/Annual_Report_2016.pdf.
ABOUT TECH CU
Tech CU (techcu.com) is a $2.4 billion credit union serving more than 90,000 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 by sharing the benefits of our growth. Founded in 1960 by the innovative employees of Fairchild Semiconductor, today we continue to be an industry leader, providing convenient and easy-to-use 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 high marks for its customer satisfaction 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 worldwide (more than Chase, Bank of America and Wells Fargo combined) and convenient branch access to our financial experts, Tech CU makes 24/7 banking easy and empowering.
Public Relations, Tech CU