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  • Pressroom

    Welcome to our Pressroom. You'll find media resources and the latest updates on what's happening. 

    Press Releases

  • Becomes Member of Compensation Committee 

    San Jose, Calif. – June 25, 2020 – Tech CU (Technology Credit Union) is pleased to formally announce the appointment of Dr. Deepti Jaggi to its Board of Directors. Deepti joined Tech CU’s board in January 2020 and is a member of its compensation committee. 


    The New Four-Year Commitment Continues Tech CU’s Momentum in Funding Green Energy

    San Jose, Calif. – May 5, 2020 – Tech CU (Technology Credit Union) announced today it will provide $1 billion in financing for residential solar loans via a partnership with SunPower, a sustainable energy company that provides customers with complete solar solutions and services.


    Haney to Drive Tech Capital’s Business Development Strategy 

    San Jose, Calif. – April 2, 2020 – Tech Capital, LLC, the asset-based finance company and wholly owned subsidiary of Tech CU announced today that Randall Haney has joined the company as its new Vice President of Business Development. In his role, he will be responsible for business development.


    Keep IT Simple Adopts Tech CU’s Full Suite of Commercial Banking Products

    San Jose, Calif. – March 11, 2020 – Tech CU (Technology Credit Union) today announced that it has expanded its commercial banking relationship with Keep IT Simple, a company focused on helping other businesses solve complex IT challenges. Based in the Bay Area for more than 30 years, Keep IT Simple is now using Tech CU’s full commercial cash management suite, including:


    Loan will be used to develop four two-unit luxury condominium buildings and one single-family residence 

    San Jose, Calif. – January 30, 2020 – Tech CU (Technology Credit Union) today announced that it is providing a $14.7 million construction loan to Eastwood Development, Inc. The loan will fund the development of four two-unit luxury condominium buildings and one single-family residence in the Potrero Hill neighborhood in San Francisco, Calif. The project’s site is significantly above street level, so construction of the project will require excavation and the removal of more than 6,000 cubic yards of soil and rock. The project is also the largest Eastwood Development has undertaken to date.


    Wins a Credit Union Journal Best Practices Award and Two MarCom Awards; SVP Fawzia Sarwar named Credit Union Rock Star

    San Jose, Calif. – December 10, 2019 Tech CU (Technology Credit Union) today announced multiple award wins for the company. It was named one of Silicon Valley’s most philanthropic companies by the Silicon Valley Business Journal, an honor the company has received for the past five years. Tech CU also received a Credit Union Journal Best Practices Award for its Revel Wine campaign and won two MarCom awards: gold for its e-annual report and an honorable mention for its Revel Wine integrated marketing campaign. Lastly, Tech CU’s senior vice president of retail banking, Fawzia Sarwar, was named a Credit Union Rock Star by Credit Union Magazine.


    Milestone One of Many That Marks Tech CU’s Commitment to Green Energy Alternatives

    San Jose, Calif. – December 3, 2019 Tech CU (Technology Credit Union) announced today its continued commitment to green energy alternatives. Since 2016, the company has funded more than $1 billion in residential solar loans through its partnership with Sunlight Financial, helping more than 35,000 homeowners across the country save money while protecting the environment.


    Move to LPL Financial Will Enable Tech CU to Scale its Investment Services Platform

    San Jose, Calif. – October 16, 2019 –Technology Credit Union (Tech CU) recently entered into a new broker-dealer relationship with LPL Financial, a move that will enable Tech CU to scale its investment services platform and provide additional functionality to better serve its members and compete in the financial planning space. Additionally, Tech CU changed the name of its wealth management group from Tech Wealth Management to Tech Financial Management to better reflect the services the company provides.


    Grand Opening to Take Place August 23, 2019 

    San Jose, Calif. – August 22, 2019 – Tech CU (Technology Credit Union) is pleased to announce that Second Street Studios, an affordable housing project in San Jose, will host its grand opening on August 23, 2019 from 10 am – noon PT.  In March 2017, Tech CU participated with Silicon Valley Bank (SVB) to provide funding for First Community Housing to build the new 135-unit housing project in San Jose.  Tech CU’s participation totaled $8 million. 


    San Jose, Calif. – August 20, 2019 – Tech CU (Technology Credit Union) announced today that Steve Shead has joined the company as its new Head of Technology. He will be responsible for driving Tech CU’s long-term IT strategy and is well-versed in strategic planning, budget management, change management, cloud services, networks, information security, data management, negotiations and vendor management. Steve will also join Tech CU's Managing Committee.


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    In The News

  • Government worker-focused United States Senate FCU rode a surge of deposits to the No. 1 position in S&P Global Market Intelligence's 2018 ranking of the 50 top-performing U.S. credit unions.


    Happy Money Announces Three Strategic Credit Union Alliances Alliant Credit Union, First Tech Federal Credit Union and Technology Credit Union With $24B in Deposits Join Happy Money Movement to Help People Pay Off Credit Cards.


    A Deposit Strategy 5 Years In The Making Technology Credit Union has repositioned its balance sheet to prepare for today’s rate environment. By Erik Payne CreditUnions.com, July 30, 2018  Top Level Takeaways


    The enactment of the Tax Cuts and Jobs Act (TCJA) represents “the most sweeping overhaul of the U.S. tax code in more than 30 years.


    How to Improve Your Chances of Getting Approved for a Personal Loan By Ashley Sweren, LendingTree, January 8, 2018 Personal loans can be a useful tool when cash is tight, helping to bridge gaps between your savings and your spending needs. They can also help you build credit and pay down debts faster if you’re able to qualify for a loan with a lower interest rate. Before you begin applying for personal loans, make sure you know how to get the best possible rate and how to improve your chances of getting approved for a loan.


    A New Type Of Credit Card Control By Erik Payne, CreditUnions.com, January 8, 2017  Nearly 60 years ago, employees of Fairchild Semiconductor — the company that created the first commercially viable computer chip, which, in-turn, spawned the semiconductor boom that gave Silicon Valley its name — came together to create Technology Credit Union ($2.4B, San Jose, CA).


    Commercial Solar Lending Big Opportunity By Ray Birch, CU Today, December 17, 2017  SAN JOSE, Calif.—One credit union that is spending more time in the sun with solar lending believes many more credit unions will be offering similar


    Banking isn't what it used to be. For many people, it isn't a novelty to take a photo of a check and send it directly to your checking account – or to check your balance on a phone or a computer or transfer money from one financial institution to another. For some time now, consumers have been able to bank without ever meeting or talking to a human being. But banking is on its way to being even more futuristic, many experts say, although in some ways, banking will also soon harken back to the past. 


    Tech CU sees bright future in solar lending With its residential solar loans program going strong, $2.4 billion Technology Credit Union, San Jose, Calif., is branching out with a solar financing program for its commercial, non profit and government members.


    Conversational banking — the ability to chat with a non-human (like Siri or Amazon’s Alexa) about your finances — will become increasingly common. Should consumers engage with conversational banking? What are the pros and cons?


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